Slagle Financial LLC Purchases 14,587 Shares of Ford Motor (NYSE:F)

Slagle Financial LLC raised its position in Ford Motor (NYSE:F) by 88.3% during the 4th quarter, HoldingsChannel reports. The fund owned 31,104 shares of the auto manufacturer’s stock after buying an additional 14,587 shares during the quarter. Slagle Financial LLC’s holdings in Ford Motor were worth $379,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC raised its holdings in Ford Motor by 29.8% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 3,604 shares of the auto manufacturer’s stock worth $44,000 after buying an additional 828 shares during the last quarter. First United Bank & Trust increased its holdings in Ford Motor by 5.4% during the 4th quarter. First United Bank & Trust now owns 16,486 shares of the auto manufacturer’s stock worth $201,000 after purchasing an additional 850 shares in the last quarter. Lee Financial Co increased its holdings in Ford Motor by 3.6% during the 4th quarter. Lee Financial Co now owns 24,836 shares of the auto manufacturer’s stock worth $303,000 after purchasing an additional 854 shares in the last quarter. Bigelow Investment Advisors LLC raised its stake in shares of Ford Motor by 4.9% in the fourth quarter. Bigelow Investment Advisors LLC now owns 19,354 shares of the auto manufacturer’s stock worth $236,000 after purchasing an additional 908 shares during the last quarter. Finally, Centaurus Financial Inc. boosted its position in shares of Ford Motor by 1.8% during the fourth quarter. Centaurus Financial Inc. now owns 51,428 shares of the auto manufacturer’s stock valued at $627,000 after buying an additional 911 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Performance

Ford Motor stock traded down $0.23 during midday trading on Friday, reaching $11.71. The stock had a trading volume of 49,382,087 shares, compared to its average volume of 41,126,400. The firm has a market capitalization of $46.75 billion, a PE ratio of 12.07, a P/E/G ratio of 0.77 and a beta of 1.61. Ford Motor has a 12 month low of $9.63 and a 12 month high of $15.42. The company has a quick ratio of 0.99, a current ratio of 1.17 and a debt-to-equity ratio of 2.32. The firm’s 50-day moving average price is $12.32 and its 200 day moving average price is $12.16.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.07. The company had revenue of $42.78 billion for the quarter, compared to analyst estimates of $42.93 billion. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.63 earnings per share. As a group, research analysts predict that Ford Motor will post 1.99 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 8th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date was Tuesday, May 7th. Ford Motor’s payout ratio is currently 61.86%.

Insider Activity

In other news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the company’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $12.09, for a total transaction of $982,119.06. Following the sale, the director now directly owns 168,601 shares in the company, valued at $2,038,386.09. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on F shares. Piper Sandler began coverage on Ford Motor in a research note on Friday, March 15th. They set a “neutral” rating and a $13.00 price objective on the stock. Sanford C. Bernstein began coverage on shares of Ford Motor in a research report on Thursday, May 23rd. They set an “outperform” rating and a $16.00 price target on the stock. Royal Bank of Canada upped their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 25th. UBS Group lifted their target price on shares of Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Finally, Citigroup upped their target price on Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $13.89.

Ford Motor Profile

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.