PFG Investments LLC Purchases 153,955 Shares of Ford Motor Company (NYSE:F)

PFG Investments LLC lifted its position in shares of Ford Motor Company (NYSE:F) by 70.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 373,733 shares of the auto manufacturer’s stock after acquiring an additional 153,955 shares during the period. PFG Investments LLC’s holdings in Ford Motor were worth $3,749,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in F. Vanguard Group Inc. lifted its holdings in shares of Ford Motor by 16.6% during the 4th quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer’s stock worth $3,980,630,000 after acquiring an additional 57,182,803 shares during the period. Norges Bank bought a new stake in shares of Ford Motor during the 4th quarter worth approximately $387,282,000. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Ford Motor by 88.0% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 22,512,285 shares of the auto manufacturer’s stock worth $222,872,000 after acquiring an additional 10,535,335 shares during the period. Voloridge Investment Management LLC lifted its holdings in shares of Ford Motor by 2,905.1% during the 4th quarter. Voloridge Investment Management LLC now owns 7,989,463 shares of the auto manufacturer’s stock worth $79,096,000 after acquiring an additional 7,723,601 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Ford Motor by 5.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 129,106,379 shares of the auto manufacturer’s stock worth $1,278,153,000 after acquiring an additional 6,497,321 shares during the period. Institutional investors own 58.74% of the company’s stock.

Ford Motor Trading Up 1.4%

Shares of NYSE F opened at $10.57 on Friday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.97 and a current ratio of 1.13. Ford Motor Company has a 52-week low of $8.44 and a 52-week high of $14.85. The firm has a 50 day moving average price of $10.25 and a two-hundred day moving average price of $9.96. The stock has a market cap of $42.04 billion, a P/E ratio of 8.46, a price-to-earnings-growth ratio of 0.89 and a beta of 1.50.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.16. Ford Motor had a net margin of 2.74% and a return on equity of 13.49%. The firm had revenue of $40.66 billion during the quarter, compared to analysts’ expectations of $35.99 billion. During the same period in the prior year, the company posted $0.49 EPS. The company’s revenue was down 6.2% on a year-over-year basis. As a group, equities analysts forecast that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 12th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.67%. The ex-dividend date was Monday, May 12th. Ford Motor’s dividend payout ratio (DPR) is currently 48.00%.

Analysts Set New Price Targets

Several brokerages recently commented on F. Barclays increased their price objective on shares of Ford Motor from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 6th. Sanford C. Bernstein downgraded shares of Ford Motor from a “market perform” rating to an “underperform” rating and dropped their price objective for the company from $9.40 to $7.00 in a research note on Wednesday, April 9th. UBS Group dropped their price objective on shares of Ford Motor from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. Piper Sandler increased their price objective on shares of Ford Motor from $8.50 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, May 22nd. Finally, Wolfe Research raised shares of Ford Motor from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, April 30th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $10.03.

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.