State Treasurer State of Michigan Buys 7,500 Shares of Ford Motor (F)

State Treasurer State of Michigan boosted its stake in shares of Ford Motor (NYSE:F) by 0.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,126,090 shares of the auto manufacturer’s stock after buying an additional 7,500 shares during the quarter. State Treasurer State of Michigan’s holdings in Ford Motor were worth $9,887,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in F. Cornerstone Advisors Inc. grew its position in shares of Ford Motor by 38.2% during the 1st quarter. Cornerstone Advisors Inc. now owns 3,802 shares of the auto manufacturer’s stock worth $33,000 after buying an additional 1,051 shares in the last quarter. Boenning & Scattergood Inc. grew its position in shares of Ford Motor by 6.6% during the 1st quarter. Boenning & Scattergood Inc. now owns 17,259 shares of the auto manufacturer’s stock worth $152,000 after buying an additional 1,063 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Ford Motor by 2.0% during the 4th quarter. Van ECK Associates Corp now owns 61,662 shares of the auto manufacturer’s stock worth $472,000 after buying an additional 1,185 shares in the last quarter. Enterprise Financial Services Corp grew its position in shares of Ford Motor by 27.6% during the 4th quarter. Enterprise Financial Services Corp now owns 5,526 shares of the auto manufacturer’s stock worth $42,000 after buying an additional 1,196 shares in the last quarter. Finally, Waldron Private Wealth LLC grew its position in shares of Ford Motor by 10.6% during the 1st quarter. Waldron Private Wealth LLC now owns 12,555 shares of the auto manufacturer’s stock worth $110,000 after buying an additional 1,201 shares in the last quarter. Institutional investors own 52.77% of the company’s stock.

Shares of F stock opened at $10.24 on Wednesday. Ford Motor has a 1-year low of $7.41 and a 1-year high of $12.15. The stock has a market cap of $40.05 billion, a P/E ratio of 7.88, a P/E/G ratio of 1.00 and a beta of 1.12. The company has a debt-to-equity ratio of 2.82, a quick ratio of 1.10 and a current ratio of 1.22.



Ford Motor (NYSE:F) last issued its quarterly earnings data on Thursday, April 25th. The auto manufacturer reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.18. Ford Motor had a return on equity of 14.41% and a net margin of 1.94%. The company had revenue of $40.34 billion for the quarter, compared to the consensus estimate of $37.37 billion. During the same quarter last year, the company earned $0.43 earnings per share. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. On average, equities analysts anticipate that Ford Motor will post 1.38 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, April 24th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.86%. The ex-dividend date is Tuesday, April 23rd. Ford Motor’s dividend payout ratio (DPR) is presently 46.15%.

In related news, VP Catherine A. O’callaghan sold 53,000 shares of Ford Motor stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $10.33, for a total transaction of $547,490.00. Following the completion of the transaction, the vice president now directly owns 48,275 shares in the company, valued at $498,680.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John C. Lechleiter purchased 10,000 shares of Ford Motor stock in a transaction that occurred on Friday, May 10th. The shares were bought at an average price of $10.32 per share, with a total value of $103,200.00. Following the completion of the transaction, the director now owns 55,000 shares of the company’s stock, valued at approximately $567,600. The disclosure for this purchase can be found here. Company insiders own 0.83% of the company’s stock.

F has been the topic of a number of recent research reports. TheStreet raised Ford Motor from a “c” rating to a “b-” rating in a research report on Thursday, April 25th. Bank of America raised Ford Motor from a “neutral” rating to a “buy” rating and increased their price target for the stock from $13.00 to $14.00 in a research report on Friday, May 10th. Jefferies Financial Group raised Ford Motor to a “buy” rating and increased their price target for the stock from $11.00 to $12.50 in a research report on Tuesday, April 30th. Morgan Stanley set a $10.00 price objective on Ford Motor and gave the company a “hold” rating in a research report on Friday, April 26th. Finally, ValuEngine raised Ford Motor from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Three analysts have rated the stock with a sell rating, nine have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $10.57.

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About Ford Motor

Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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