11,987 Shares in Ford Motor (NYSE:F) Purchased by GAMMA Investing LLC

GAMMA Investing LLC bought a new position in shares of Ford Motor (NYSE:F) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 11,987 shares of the auto manufacturer’s stock, valued at approximately $140,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Ford Motor by 835.9% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock worth $25,000 after purchasing an additional 1,839 shares in the last quarter. Milestone Investment Advisors LLC purchased a new position in shares of Ford Motor in the 3rd quarter worth about $27,000. Peoples Bank KS purchased a new position in shares of Ford Motor in the 3rd quarter worth about $29,000. Provence Wealth Management Group bought a new stake in shares of Ford Motor in the 3rd quarter valued at about $31,000. Finally, Headinvest LLC bought a new stake in shares of Ford Motor in the 3rd quarter valued at about $31,000. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Stock Performance

Shares of F opened at $12.79 on Friday. The business’s fifty day simple moving average is $12.62 and its two-hundred day simple moving average is $11.79. The company has a current ratio of 1.17, a quick ratio of 1.04 and a debt-to-equity ratio of 2.32. Ford Motor has a 12 month low of $9.63 and a 12 month high of $15.42. The company has a market cap of $50.82 billion, a price-to-earnings ratio of 13.19, a P/E/G ratio of 1.01 and a beta of 1.63.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 EPS for the quarter, beating the consensus estimate of $0.42 by $0.07. The business had revenue of $42.78 billion for the quarter, compared to the consensus estimate of $42.93 billion. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The company’s revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business posted $0.63 EPS. Research analysts anticipate that Ford Motor will post 1.94 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 8th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $0.60 dividend on an annualized basis and a yield of 4.69%. Ford Motor’s dividend payout ratio is currently 61.86%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. UBS Group boosted their target price on Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday. Barclays upped their price target on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Redburn Atlantic started coverage on Ford Motor in a research report on Wednesday, January 24th. They set a “sell” rating and a $10.00 price target for the company. Morgan Stanley upped their price target on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Finally, Piper Sandler started coverage on Ford Motor in a research report on Friday, March 15th. They set a “neutral” rating and a $13.00 price target for the company. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $14.02.

Insider Buying and Selling

In related news, CAO Mark Kosman sold 26,898 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total value of $337,031.94. Following the transaction, the chief accounting officer now directly owns 7,102 shares of the company’s stock, valued at approximately $88,988.06. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.80% of the stock is owned by insiders.

Ford Motor Company Profile

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.