Intech Investment Management LLC Has $20.51 Million Position in Ford Motor (NYSE:F)

Intech Investment Management LLC grew its holdings in Ford Motor (NYSE:FFree Report) by 19.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,682,287 shares of the auto manufacturer’s stock after purchasing an additional 269,064 shares during the quarter. Intech Investment Management LLC’s holdings in Ford Motor were worth $20,507,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. WealthPlan Investment Management LLC lifted its stake in shares of Ford Motor by 3,040.8% in the third quarter. WealthPlan Investment Management LLC now owns 21,797 shares of the auto manufacturer’s stock valued at $271,000 after buying an additional 21,103 shares during the period. MGO One Seven LLC lifted its stake in shares of Ford Motor by 35.4% in the third quarter. MGO One Seven LLC now owns 77,790 shares of the auto manufacturer’s stock valued at $966,000 after buying an additional 20,320 shares during the period. Signaturefd LLC lifted its stake in shares of Ford Motor by 6.8% in the third quarter. Signaturefd LLC now owns 50,687 shares of the auto manufacturer’s stock valued at $630,000 after buying an additional 3,230 shares during the period. Syon Capital LLC bought a new stake in shares of Ford Motor in the third quarter valued at about $259,000. Finally, NBC Securities Inc. bought a new stake in shares of Ford Motor in the third quarter valued at about $817,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Morgan Stanley increased their target price on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. UBS Group raised their price target on shares of Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Citigroup raised their price target on shares of Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Royal Bank of Canada raised their price target on shares of Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 25th. Finally, Piper Sandler began coverage on shares of Ford Motor in a research note on Friday, March 15th. They set a “neutral” rating and a $13.00 price target for the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $13.89.

Read Our Latest Research Report on F

Insider Buying and Selling

In other Ford Motor news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $12.09, for a total transaction of $982,119.06. Following the completion of the sale, the director now owns 168,601 shares in the company, valued at approximately $2,038,386.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total transaction of $337,031.94. Following the completion of the sale, the chief accounting officer now owns 7,102 shares in the company, valued at approximately $88,988.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jon M. Huntsman, Jr. sold 81,234 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $12.09, for a total transaction of $982,119.06. Following the sale, the director now owns 168,601 shares of the company’s stock, valued at approximately $2,038,386.09. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by corporate insiders.

Ford Motor Price Performance

Shares of Ford Motor stock traded up $0.05 during midday trading on Friday, reaching $12.16. The company had a trading volume of 40,840,448 shares, compared to its average volume of 43,966,092. The company has a current ratio of 1.17, a quick ratio of 0.99 and a debt-to-equity ratio of 2.32. The stock has a fifty day simple moving average of $12.62 and a 200 day simple moving average of $11.96. Ford Motor has a 1-year low of $9.63 and a 1-year high of $15.42. The company has a market capitalization of $48.55 billion, a price-to-earnings ratio of 12.54, a price-to-earnings-growth ratio of 0.80 and a beta of 1.61.

Ford Motor (NYSE:FGet Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.07. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The firm had revenue of $42.78 billion during the quarter, compared to analysts’ expectations of $42.93 billion. During the same quarter in the previous year, the company posted $0.63 EPS. Ford Motor’s revenue was up 3.1% on a year-over-year basis. As a group, equities research analysts forecast that Ford Motor will post 1.97 earnings per share for the current year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 8th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.93%. The ex-dividend date is Tuesday, May 7th. Ford Motor’s dividend payout ratio (DPR) is presently 61.86%.

About Ford Motor

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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