Municipal Employees Retirement System of Michigan increased its holdings in Ford Motor (NYSE:F) by 72.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 174,550 shares of the auto manufacturer’s stock after purchasing an additional 73,510 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Ford Motor were worth $2,180,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of F. Amundi Pioneer Asset Management Inc. raised its position in Ford Motor by 1,559.6% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 15,256,627 shares of the auto manufacturer’s stock worth $190,556,000 after purchasing an additional 14,337,350 shares during the period. Greenhaven Associates Inc. purchased a new position in shares of Ford Motor in the fourth quarter valued at about $164,194,000. Swedbank purchased a new position in shares of Ford Motor in the fourth quarter valued at about $100,670,000. Alyeska Investment Group L.P. purchased a new position in shares of Ford Motor in the third quarter valued at about $76,726,000. Finally, Two Sigma Advisers LP increased its position in shares of Ford Motor by 200.0% in the fourth quarter. Two Sigma Advisers LP now owns 8,084,231 shares of the auto manufacturer’s stock valued at $100,972,000 after acquiring an additional 5,389,300 shares during the period. Institutional investors own 61.59% of the company’s stock.
Shares of Ford Motor (NYSE F) opened at $11.15 on Friday. Ford Motor has a twelve month low of $10.14 and a twelve month high of $13.48. The company has a market cap of $43,985.00, a P/E ratio of 5.87, a price-to-earnings-growth ratio of 0.67 and a beta of 1.12. The company has a current ratio of 1.23, a quick ratio of 1.12 and a debt-to-equity ratio of 2.94.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Tuesday, January 30th were paid a $0.15 dividend. The ex-dividend date was Monday, January 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.38%. Ford Motor’s dividend payout ratio (DPR) is presently 31.58%.
In related news, Chairman William Clay Ford, Jr. sold 454,260 shares of the company’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $10.32, for a total transaction of $4,687,963.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John C. Lechleiter bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average price of $10.28 per share, with a total value of $51,400.00. Following the transaction, the director now owns 30,000 shares of the company’s stock, valued at approximately $308,400. The disclosure for this purchase can be found here. Over the last three months, insiders sold 503,675 shares of company stock valued at $5,246,794. Corporate insiders own 1.08% of the company’s stock.
A number of equities analysts have issued reports on F shares. Zacks Investment Research upgraded shares of Ford Motor from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Tuesday, December 26th. Morgan Stanley restated an “equal weight” rating on shares of Ford Motor in a research report on Tuesday, November 28th. Vetr raised shares of Ford Motor from a “buy” rating to a “strong-buy” rating and set a $13.14 target price on the stock in a research note on Friday, January 26th. Royal Bank of Canada reaffirmed a “hold” rating and set a $14.00 target price on shares of Ford Motor in a research note on Wednesday, December 20th. Finally, ValuEngine raised shares of Ford Motor from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $12.42.
Ford Motor Profile
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.
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