Desjardins Global Asset Management Inc. Acquires 2,161 Shares of Ford Motor (NYSE:F)

Desjardins Global Asset Management Inc. boosted its holdings in Ford Motor (NYSE:F) by 11.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,153 shares of the auto manufacturer’s stock after buying an additional 2,161 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Ford Motor were worth $258,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Meridian Wealth Management LLC raised its holdings in Ford Motor by 86.4% during the 3rd quarter. Meridian Wealth Management LLC now owns 657,842 shares of the auto manufacturer’s stock worth $8,170,000 after purchasing an additional 304,923 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in Ford Motor by 15.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 342,150 shares of the auto manufacturer’s stock worth $4,171,000 after purchasing an additional 44,581 shares during the last quarter. Pearl River Capital LLC raised its holdings in Ford Motor by 174.2% during the 3rd quarter. Pearl River Capital LLC now owns 332,161 shares of the auto manufacturer’s stock worth $4,125,000 after purchasing an additional 211,037 shares during the last quarter. TIAA Trust National Association bought a new position in Ford Motor during the 3rd quarter worth approximately $1,104,000. Finally, Mackenzie Financial Corp raised its holdings in Ford Motor by 110.5% during the 3rd quarter. Mackenzie Financial Corp now owns 700,928 shares of the auto manufacturer’s stock worth $8,460,000 after purchasing an additional 367,977 shares during the last quarter. Institutional investors own 58.74% of the company’s stock.

Insiders Place Their Bets

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of Ford Motor stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total transaction of $337,031.94. Following the transaction, the chief accounting officer now directly owns 7,102 shares of the company’s stock, valued at approximately $88,988.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on F. Citigroup raised their price target on shares of Ford Motor from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Barclays raised their price target on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Morgan Stanley raised their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Piper Sandler assumed coverage on shares of Ford Motor in a research report on Friday, March 15th. They set a “neutral” rating and a $13.00 price objective for the company. Finally, Redburn Atlantic assumed coverage on shares of Ford Motor in a research report on Wednesday, January 24th. They set a “sell” rating and a $10.00 price objective for the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.82.

Ford Motor Stock Performance

NYSE F opened at $12.07 on Friday. The company has a fifty day simple moving average of $12.60 and a 200 day simple moving average of $11.76. Ford Motor has a 12-month low of $9.63 and a 12-month high of $15.42. The company has a current ratio of 1.20, a quick ratio of 1.04 and a debt-to-equity ratio of 2.33. The company has a market cap of $47.94 billion, a P/E ratio of 11.17, a PEG ratio of 0.96 and a beta of 1.63.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Tuesday, February 6th. The auto manufacturer reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.17. The business had revenue of $43.21 billion during the quarter, compared to the consensus estimate of $43.06 billion. Ford Motor had a net margin of 2.47% and a return on equity of 18.95%. Ford Motor’s revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.51 EPS. Sell-side analysts predict that Ford Motor will post 1.9 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently disclosed a Variable dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were issued a dividend of $0.33 per share. This represents a yield of 4.7%. The ex-dividend date of this dividend was Thursday, February 15th. Ford Motor’s dividend payout ratio is 55.56%.

About Ford Motor

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.