CoreFirst Bank & Trust Purchases New Shares in Ford Motor (NYSE:F)

CoreFirst Bank & Trust acquired a new position in Ford Motor (NYSE:F) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,005 shares of the auto manufacturer’s stock, valued at approximately $69,000.

Other large investors have also recently made changes to their positions in the company. Quest Partners LLC bought a new stake in Ford Motor in the third quarter worth $96,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Ford Motor in the 3rd quarter worth about $186,000. Great Valley Advisor Group Inc. boosted its stake in shares of Ford Motor by 2.9% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 58,914 shares of the auto manufacturer’s stock worth $622,000 after purchasing an additional 1,652 shares during the period. Cerity Partners LLC grew its holdings in Ford Motor by 10.8% during the 3rd quarter. Cerity Partners LLC now owns 324,052 shares of the auto manufacturer’s stock valued at $3,422,000 after purchasing an additional 31,707 shares during the last quarter. Finally, Kingsview Wealth Management LLC grew its holdings in Ford Motor by 36.5% during the 3rd quarter. Kingsview Wealth Management LLC now owns 123,911 shares of the auto manufacturer’s stock valued at $1,309,000 after purchasing an additional 33,138 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Price Performance

Shares of F stock opened at $10.28 on Wednesday. The stock’s 50-day moving average is $9.76 and its 200 day moving average is $10.29. Ford Motor has a 1-year low of $9.06 and a 1-year high of $14.85. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02. The company has a market cap of $40.74 billion, a P/E ratio of 7.04, a PEG ratio of 0.61 and a beta of 1.59.

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

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.84%. The ex-dividend date was Tuesday, February 18th. Ford Motor’s payout ratio is presently 41.10%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on F shares. Royal Bank of Canada reduced their price target on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a report on Thursday, February 6th. Barclays lowered Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $13.00 to $11.00 in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. lowered their target price on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. TD Cowen initiated coverage on shares of Ford Motor in a research note on Friday, March 7th. They issued a “hold” rating and a $10.00 price target on the stock. Finally, Bank of America lowered their price objective on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a research report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Ford Motor has an average rating of “Hold” and an average price target of $11.50.

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.