28,509 Shares in Ford Motor (NYSE:F) Purchased by Pointe Capital Management LLC

Pointe Capital Management LLC bought a new position in Ford Motor (NYSE:F) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 28,509 shares of the auto manufacturer’s stock, valued at approximately $348,000.

Several other hedge funds and other institutional investors have also bought and sold shares of F. Whittier Trust Co. of Nevada Inc. boosted its position in Ford Motor by 835.9% in the fourth 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 during the last quarter. Milestone Investment Advisors LLC purchased a new position in shares of Ford Motor in the third quarter worth approximately $27,000. Peoples Bank KS bought a new stake in Ford Motor during the third quarter valued at approximately $29,000. Provence Wealth Management Group purchased a new stake in Ford Motor during the third quarter valued at approximately $31,000. Finally, Headinvest LLC bought a new position in Ford Motor in the third quarter worth approximately $31,000. Institutional investors own 58.74% of the company’s stock.

Insider Activity

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total value of $337,031.94. Following the completion of the sale, the chief accounting officer now directly owns 7,102 shares in the company, valued at $88,988.06. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on F shares. Piper Sandler began coverage on shares of Ford Motor in a report on Friday, March 15th. They issued a “neutral” rating and a $13.00 target price for the company. Redburn Atlantic started coverage on shares of Ford Motor in a research note on Wednesday, January 24th. They issued a “sell” rating and a $10.00 price objective for the company. UBS Group upped their target price on shares of Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Citigroup raised their price target on Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a report on Thursday. Finally, Barclays upped their price objective on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $13.74.

Ford Motor Stock Down 0.5 %

Shares of Ford Motor stock traded down $0.06 during trading on Friday, hitting $12.43. 47,463,317 shares of the stock traded hands, compared to its average volume of 54,173,800. 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’s fifty day simple moving average is $12.64 and its 200 day simple moving average is $11.80. The firm has a market cap of $49.39 billion, a P/E ratio of 12.81, a price-to-earnings-growth ratio of 0.84 and a beta of 1.61. Ford Motor has a 52-week low of $9.63 and a 52-week high of $15.42.

Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.07. The firm had revenue of $42.78 billion for the quarter, compared to the consensus estimate of $42.93 billion. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the firm earned $0.63 earnings per share. On average, equities analysts predict that Ford Motor will post 1.94 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 8th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date is Tuesday, May 7th. Ford Motor’s payout ratio is presently 61.86%.

About Ford Motor

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.