Generali Asset Management SPA SGR Purchases New Stake in Ford Motor (NYSE:F)

Generali Asset Management SPA SGR purchased a new position in Ford Motor (NYSE:F) during the fourth quarter, Holdings Channel reports. The fund purchased 461,858 shares of the auto manufacturer’s stock, valued at approximately $4,572,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in F. Albion Financial Group UT raised its stake in Ford Motor by 38.5% in the 4th quarter. Albion Financial Group UT now owns 3,600 shares of the auto manufacturer’s stock valued at $36,000 after acquiring an additional 1,000 shares during the period. Brighton Jones LLC raised its stake in Ford Motor by 5.4% in the 4th quarter. Brighton Jones LLC now owns 19,693 shares of the auto manufacturer’s stock valued at $195,000 after acquiring an additional 1,001 shares during the period. Angeles Wealth Management LLC raised its stake in Ford Motor by 1.3% in the 4th quarter. Angeles Wealth Management LLC now owns 80,728 shares of the auto manufacturer’s stock valued at $799,000 after acquiring an additional 1,024 shares during the period. Atlas Brown Inc. raised its stake in Ford Motor by 1.7% in the 4th quarter. Atlas Brown Inc. now owns 63,323 shares of the auto manufacturer’s stock valued at $627,000 after acquiring an additional 1,047 shares during the period. Finally, Cornerstone Wealth Group LLC raised its stake in Ford Motor by 10.6% in the 4th quarter. Cornerstone Wealth Group LLC now owns 11,429 shares of the auto manufacturer’s stock valued at $113,000 after acquiring an additional 1,098 shares during the period. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Stock Performance

NYSE:F opened at $9.95 on Wednesday. The firm has a market cap of $39.42 billion, a PE ratio of 6.81, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59. Ford Motor has a fifty-two week low of $9.06 and a fifty-two week high of $14.85. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. The business has a 50 day moving average price of $9.71 and a 200-day moving average price of $10.31.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. Equities research analysts predict that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.03%. Ford Motor’s dividend payout ratio is presently 41.10%.

Wall Street Analyst Weigh In

F has been the topic of a number of research reports. Jefferies Financial Group cut Ford Motor from a “hold” rating to an “underperform” rating and lowered their price objective for the company from $12.00 to $9.00 in a research note on Monday, December 16th. Evercore ISI decreased their price target on Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a research report on Monday, February 10th. Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Bank of America decreased their price target on Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Finally, JPMorgan Chase & Co. decreased their price target on Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $11.68.

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.