Coombe Bender & Co LLC Increases Stock Position in Ford Motor (NYSE:F)

Coombe Bender & Co LLC grew its stake in Ford Motor (NYSE:F) by 20.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,184 shares of the auto manufacturer’s stock after buying an additional 2,250 shares during the period. Coombe Bender & Co LLC’s holdings in Ford Motor were worth $161,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in F. Whittier Trust Co. of Nevada Inc. increased its position in Ford Motor by 835.9% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock valued at $25,000 after purchasing an additional 1,839 shares during the period. Milestone Investment Advisors LLC bought a new position in Ford Motor in the third quarter worth about $27,000. Peoples Bank KS bought a new position in Ford Motor in the third quarter worth about $29,000. Provence Wealth Management Group purchased a new stake in Ford Motor in the third quarter worth about $31,000. Finally, Headinvest LLC purchased a new position in shares of Ford Motor during the 3rd quarter worth approximately $31,000. Institutional investors own 58.74% of the company’s stock.

Insider Buying and Selling at Ford Motor

In related news, CAO Mark Kosman sold 26,898 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Piper Sandler initiated coverage on Ford Motor in a research report on Friday, March 15th. They set a “neutral” rating and a $13.00 price target on the stock. Morgan Stanley upped their target price on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Redburn Atlantic began coverage on shares of Ford Motor in a research note on Wednesday, January 24th. They issued a “sell” rating and a $10.00 price target for the company. Royal Bank of Canada boosted their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 25th. Finally, UBS Group raised their target price on shares of Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $14.02.

Ford Motor Stock Up 1.6 %

Shares of Ford Motor stock traded up $0.19 on Thursday, reaching $12.39. The company’s stock had a trading volume of 21,910,053 shares, compared to its average volume of 54,085,039. The company has a market capitalization of $49.23 billion, a price-to-earnings ratio of 12.84, a P/E/G ratio of 0.82 and a beta of 1.61. The company has a quick ratio of 0.99, a current ratio of 1.17 and a debt-to-equity ratio of 2.32. Ford Motor has a 52 week low of $9.63 and a 52 week high of $15.42. The firm’s fifty day simple moving average is $12.63 and its two-hundred day simple moving average is $11.80.

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

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 8th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date is Tuesday, May 7th. Ford Motor’s dividend payout ratio (DPR) 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.