Korea Investment CORP Increases Stock Holdings in Ford Motor Company $F

Korea Investment CORP raised its position in Ford Motor Company (NYSE:F) by 84.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,393,573 shares of the auto manufacturer’s stock after acquiring an additional 1,551,827 shares during the quarter. Korea Investment CORP’s holdings in Ford Motor were worth $40,587,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of F. Caxton Associates LLP purchased a new stake in Ford Motor during the 1st quarter worth approximately $304,000. Empowered Funds LLC boosted its position in Ford Motor by 41.6% in the 1st quarter. Empowered Funds LLC now owns 147,760 shares of the auto manufacturer’s stock valued at $1,482,000 after buying an additional 43,385 shares during the period. Atlantic Union Bankshares Corp acquired a new position in shares of Ford Motor in the second quarter worth $30,000. Savant Capital LLC grew its stake in shares of Ford Motor by 3.0% in the second quarter. Savant Capital LLC now owns 99,621 shares of the auto manufacturer’s stock worth $1,081,000 after acquiring an additional 2,857 shares in the last quarter. Finally, RWA Wealth Partners LLC increased its position in shares of Ford Motor by 9.4% during the second quarter. RWA Wealth Partners LLC now owns 157,976 shares of the auto manufacturer’s stock worth $1,714,000 after acquiring an additional 13,513 shares during the period. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on F. Weiss Ratings reiterated a “buy (b-)” rating on shares of Ford Motor in a report on Monday, December 22nd. Barclays increased their price target on Ford Motor from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Friday, January 23rd. Wall Street Zen cut Ford Motor from a “buy” rating to a “sell” rating in a research note on Saturday, February 14th. Evercore boosted their price objective on Ford Motor from $12.00 to $14.00 and gave the stock an “in-line” rating in a research report on Monday, December 22nd. Finally, UBS Group upped their target price on shares of Ford Motor from $12.50 to $15.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Ford Motor has an average rating of “Hold” and a consensus target price of $13.29.

Insider Transactions at Ford Motor

In other news, insider William Clay Ford, Jr. purchased 140,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were purchased at an average price of $13.82 per share, for a total transaction of $1,934,800.00. Following the purchase, the insider directly owned 3,912,600 shares of the company’s stock, valued at $54,072,132. This represents a 3.71% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.48% of the stock is owned by corporate insiders.

Ford Motor Trading Up 0.0%

NYSE F opened at $12.16 on Tuesday. The firm’s fifty day moving average price is $13.66 and its 200 day moving average price is $12.93. Ford Motor Company has a 12 month low of $8.44 and a 12 month high of $14.80. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.07 and a quick ratio of 0.94. The company has a market capitalization of $48.49 billion, a price-to-earnings ratio of -5.90, a price-to-earnings-growth ratio of 0.28 and a beta of 1.65.

Ford Motor (NYSE:F) last announced its quarterly 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 negative net margin of 4.37% and a positive return on equity of 10.16%. The firm had revenue of $45.89 billion during the quarter, compared to analysts’ expectations of $41.78 billion. During the same period in the previous year, the company earned $0.39 earnings per share. Ford Motor’s quarterly revenue was down 4.8% compared to the same quarter last year. On average, sell-side analysts expect that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 13th were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.9%. Ford Motor’s dividend payout ratio is -29.13%.

Ford Motor Profile

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.