14,120 Shares in Ford Motor (NYSE:F) Purchased by Maridea Wealth Management LLC

Maridea Wealth Management LLC purchased a new position in Ford Motor (NYSE:F) in the fourth quarter, Holdings Channel reports. The fund purchased 14,120 shares of the auto manufacturer’s stock, valued at approximately $140,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. RiverFront Investment Group LLC raised its holdings in shares of Ford Motor by 10.6% during the fourth quarter. RiverFront Investment Group LLC now owns 22,023 shares of the auto manufacturer’s stock valued at $218,000 after acquiring an additional 2,116 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in Ford Motor by 0.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,803,944 shares of the auto manufacturer’s stock valued at $17,859,000 after purchasing an additional 11,867 shares during the last quarter. New Age Alpha Advisors LLC boosted its stake in Ford Motor by 174.8% during the 4th quarter. New Age Alpha Advisors LLC now owns 298,126 shares of the auto manufacturer’s stock worth $2,951,000 after purchasing an additional 189,626 shares during the last quarter. Norges Bank acquired a new position in Ford Motor during the fourth quarter worth about $387,282,000. Finally, Caisse Des Depots ET Consignations acquired a new position in Ford Motor during the fourth quarter worth $3,773,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on F shares. TD Cowen initiated coverage on shares of Ford Motor in a research report on Friday, March 7th. They set a “hold” rating and a $10.00 price target on the stock. Jefferies Financial Group lowered shares of Ford Motor from a “hold” rating to an “underperform” rating and cut their price target for the stock from $12.00 to $9.00 in a research note on Monday, December 16th. Wells Fargo & Company cut their target price on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Thursday, February 6th. Wolfe Research reissued an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Finally, Barclays downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Ford Motor currently has a consensus rating of “Hold” and a consensus target price of $11.37.

Ford Motor Stock Down 1.8 %

F opened at $9.73 on Friday. The business has a 50 day simple moving average of $9.75 and a 200-day simple moving average of $10.28. Ford Motor has a 12 month low of $9.06 and a 12 month high of $14.85. The stock has a market capitalization of $38.54 billion, a P/E ratio of 6.66, a P/E/G ratio of 0.61 and a beta of 1.59. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. On average, equities analysts anticipate that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business 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. The ex-dividend date was Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.17%. Ford Motor’s payout ratio is 41.10%.

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.