Geremia Financial Services LLC Acquires Shares of 793,000 Ford Motor Company $F

Geremia Financial Services LLC bought a new stake in Ford Motor Company (NYSE:F) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 793,000 shares of the auto manufacturer’s stock, valued at approximately $10,404,000. Ford Motor accounts for about 8.6% of Geremia Financial Services LLC’s portfolio, making the stock its 4th biggest position.

A number of other large investors have also recently made changes to their positions in F. Grove Bank & Trust raised its position in Ford Motor by 110.7% in the 4th quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock worth $25,000 after purchasing an additional 1,000 shares during the period. Olistico Wealth LLC purchased a new position in shares of Ford Motor during the fourth quarter valued at approximately $26,000. Corsicana & Co. purchased a new position in shares of Ford Motor during the third quarter valued at approximately $25,000. Murphy Middleton Hinkle & Parker Inc. bought a new position in shares of Ford Motor during the fourth quarter valued at approximately $29,000. Finally, Salomon & Ludwin LLC raised its holdings in shares of Ford Motor by 86.6% in the third quarter. Salomon & Ludwin LLC now owns 2,333 shares of the auto manufacturer’s stock worth $30,000 after buying an additional 1,083 shares during the period. 58.74% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ford Motor

In other news, insider William Clay Ford, Jr. acquired 140,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was purchased at an average cost of $13.82 per share, for a total transaction of $1,934,800.00. Following the completion of the acquisition, the insider directly owned 3,912,600 shares of the company’s stock, valued at $54,072,132. The trade was a 3.71% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.48% of the stock is owned by insiders.

Ford Motor Stock Down 0.7%

Shares of NYSE:F opened at $11.59 on Friday. Ford Motor Company has a 52-week low of $8.44 and a 52-week high of $14.80. The stock has a market cap of $46.22 billion, a P/E ratio of -5.62, a price-to-earnings-growth ratio of 0.27 and a beta of 1.65. The business’s 50 day moving average is $13.16 and its 200 day moving average is $12.92. The company has a quick ratio of 0.94, a current ratio of 1.07 and a debt-to-equity ratio of 2.95.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, February 11th. The auto manufacturer reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.07. Ford Motor had a positive return on equity of 10.16% and a negative net margin of 4.37%.The business had revenue of $45.89 billion during the quarter, compared to analyst estimates of $41.78 billion. During the same period in the previous year, the company posted $0.39 EPS. Ford Motor’s revenue was down 4.8% on a year-over-year basis. Sell-side analysts predict that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 13th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, February 13th. This represents a $0.60 annualized dividend and a dividend yield of 5.2%. Ford Motor’s dividend payout ratio (DPR) is currently -29.13%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Barclays raised their price target on Ford Motor from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Friday, January 23rd. Evercore upped their price objective on Ford Motor from $12.00 to $14.00 and gave the company an “in-line” rating in a research report on Monday, December 22nd. JPMorgan Chase & Co. increased their target price on Ford Motor from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. TD Cowen boosted their target price on shares of Ford Motor from $13.00 to $15.00 and gave the company a “hold” rating in a research note on Tuesday, January 13th. Finally, UBS Group upped their price target on shares of Ford Motor from $12.50 to $15.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Four research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Ford Motor currently has an average rating of “Hold” and an average target price of $13.29.

About Ford Motor

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.