Vestpro Financial Partners Inc. dba CPF Texas boosted its holdings in shares of Ford Motor (NYSE:F) by 5,038.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,389 shares of the auto manufacturer’s stock after buying an additional 50,389 shares during the quarter. Vestpro Financial Partners Inc. dba CPF Texas’ holdings in Ford Motor were worth $569,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of F. Pinnacle Financial Partners Inc. acquired a new position in Ford Motor during the first quarter worth $113,000. Point72 Asia Hong Kong Ltd grew its position in shares of Ford Motor by 31,558.8% in the first quarter. Point72 Asia Hong Kong Ltd now owns 10,764 shares of the auto manufacturer’s stock valued at $119,000 after purchasing an additional 10,730 shares during the last quarter. Certified Advisory Corp acquired a new stake in shares of Ford Motor in the fourth quarter valued at about $124,000. Haverford Trust Co. acquired a new stake in shares of Ford Motor in the first quarter valued at about $127,000. Finally, Clearbridge Investments LLC grew its position in shares of Ford Motor by 91.3% in the fourth quarter. Clearbridge Investments LLC now owns 10,475 shares of the auto manufacturer’s stock valued at $129,000 after purchasing an additional 5,000 shares during the last quarter. 55.26% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director John C. Lechleiter bought 5,000 shares of the business’s stock in a transaction dated Friday, May 11th. The stock was bought at an average price of $11.17 per share, for a total transaction of $55,850.00. Following the completion of the purchase, the director now owns 34,400 shares of the company’s stock, valued at approximately $384,248. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.95% of the company’s stock.
Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, April 25th. The auto manufacturer reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. The firm had revenue of $41.96 billion during the quarter, compared to analysts’ expectations of $37.06 billion. Ford Motor had a net margin of 4.86% and a return on equity of 21.31%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.39 earnings per share. sell-side analysts anticipate that Ford Motor will post 1.54 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Friday, April 20th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date was Thursday, April 19th. Ford Motor’s dividend payout ratio is 33.71%.
Several equities research analysts have recently issued reports on F shares. BMO Capital Markets reaffirmed a “hold” rating and issued a $11.00 price target on shares of Ford Motor in a research report on Tuesday, March 6th. Morgan Stanley raised Ford Motor from an “underweight” rating to an “overweight” rating and lowered their price target for the company from $10.78 to $10.00 in a research report on Wednesday, March 14th. They noted that the move was a valuation call. Susquehanna Bancshares set a $12.00 price target on Ford Motor and gave the company a “hold” rating in a research report on Wednesday, March 14th. JPMorgan Chase & Co. raised their price target on Ford Motor from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Thursday, April 26th. Finally, ValuEngine cut shares of Ford Motor from a “hold” rating to a “sell” rating in a research note on Wednesday, May 9th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $12.80.
Ford Motor Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles; and Lincoln luxury vehicles worldwide. Its Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental car companies, and governments.
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