Alta Advisers Ltd Grows Position in Ford Motor (NYSE:F)

by · The Cerbat Gem

Alta Advisers Ltd increased its position in Ford Motor (NYSE:F – Free Report) by 30.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,132 shares of the auto manufacturer’s stock after purchasing an additional 3,332 shares during the period. Alta Advisers Ltd’s holdings in Ford Motor were worth $140,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in F. Albion Financial Group UT grew its holdings in Ford Motor by 38.5% during the fourth quarter. Albion Financial Group UT now owns 3,600 shares of the auto manufacturer’s stock worth $36,000 after acquiring an additional 1,000 shares during the period. Brighton Jones LLC boosted its position in Ford Motor by 5.4% in the 4th quarter. Brighton Jones LLC now owns 19,693 shares of the auto manufacturer’s stock worth $195,000 after purchasing an additional 1,001 shares in the last quarter. Angeles Wealth Management LLC grew its stake in shares of Ford Motor by 1.3% during the 4th quarter. Angeles Wealth Management LLC now owns 80,728 shares of the auto manufacturer’s stock worth $799,000 after purchasing an additional 1,024 shares during the period. Atlas Brown Inc. increased its holdings in shares of Ford Motor by 1.7% during the 4th quarter. Atlas Brown Inc. now owns 63,323 shares of the auto manufacturer’s stock valued at $627,000 after purchasing an additional 1,047 shares in the last quarter. Finally, Cornerstone Wealth Group LLC lifted its stake in shares of Ford Motor by 10.6% in the 4th quarter. Cornerstone Wealth Group LLC now owns 11,429 shares of the auto manufacturer’s stock valued at $113,000 after purchasing an additional 1,098 shares during the period. Institutional investors own 58.74% of the company’s stock.

Ford Motor Trading Up 2.0 %

Shares of Ford Motor stock opened at $9.66 on Wednesday. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02. The stock’s 50 day simple moving average is $9.61 and its 200-day simple moving average is $10.12. The stock has a market cap of $38.29 billion, a P/E ratio of 6.62, a P/E/G ratio of 0.61 and a beta of 1.41. Ford Motor has a 1-year low of $8.44 and a 1-year high of $14.85.

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

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.60 annualized dividend and a yield of 6.21%. Ford Motor’s payout ratio is 41.10%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on F shares. Bank of America cut their price objective on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a report on Thursday, February 6th. StockNews.com lowered Ford Motor from a “hold” rating to a “sell” rating in a research note on Thursday, April 10th. JPMorgan Chase & Co. lowered their price target on Ford Motor from $13.00 to $11.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Sanford C. Bernstein cut Ford Motor from a “market perform” rating to an “underperform” rating and cut their price objective for the company from $9.40 to $7.00 in a research report on Wednesday, April 9th. Finally, Piper Sandler decreased their target price on Ford Motor from $13.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, March 20th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $10.30.

Get Our Latest Report on F

Ford Motor Profile

(Free Report)

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.

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