Saxon Interests Inc. Purchases 7,163 Shares of Ford Motor (NYSE:F)

Saxon Interests Inc. boosted its position in shares of Ford Motor (NYSE:F) by 49.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,795 shares of the auto manufacturer’s stock after purchasing an additional 7,163 shares during the period. Saxon Interests Inc.’s holdings in Ford Motor were worth $289,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in F. Newport Trust Company LLC raised its stake in shares of Ford Motor by 4.5% in the fourth quarter. Newport Trust Company LLC now owns 155,177,214 shares of the auto manufacturer’s stock worth $1,891,610,000 after acquiring an additional 6,667,808 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Ford Motor by 0.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 87,661,675 shares of the auto manufacturer’s stock worth $1,068,596,000 after acquiring an additional 269,887 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Ford Motor by 6.3% in the fourth quarter. Fisher Asset Management LLC now owns 59,152,154 shares of the auto manufacturer’s stock worth $721,065,000 after acquiring an additional 3,522,965 shares during the last quarter. Norges Bank bought a new position in shares of Ford Motor in the fourth quarter worth about $475,899,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Ford Motor by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 27,314,520 shares of the auto manufacturer’s stock worth $333,014,000 after acquiring an additional 528,823 shares during the last quarter. 58.74% of the stock is owned by institutional investors.

Ford Motor Stock Up 0.9 %

Shares of Ford Motor stock traded up $0.12 on Tuesday, hitting $12.88. The company had a trading volume of 46,963,970 shares, compared to its average volume of 51,214,523. The firm has a market capitalization of $51.40 billion, a P/E ratio of 13.25, a P/E/G ratio of 0.81 and a beta of 1.62. Ford Motor has a twelve month low of $9.63 and a twelve month high of $15.42. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.17 and a quick ratio of 0.99. The stock has a 50-day moving average of $12.20 and a 200-day moving average of $12.25.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.07. The company had revenue of $42.78 billion during the quarter, compared to analysts’ expectations of $42.93 billion. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.63 earnings per share. Research analysts predict that Ford Motor will post 2.02 earnings per share for the current 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 annualized dividend and a dividend yield of 4.66%. The ex-dividend date was Tuesday, May 7th. Ford Motor’s dividend payout ratio (DPR) is presently 61.86%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on F shares. Citigroup boosted their price target on shares of Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. UBS Group boosted their price target on shares of Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Piper Sandler started coverage on shares of Ford Motor in a research note on Friday, March 15th. They set a “neutral” rating and a $13.00 price target for the company. Barclays boosted their price target on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Finally, Royal Bank of Canada boosted their price target on shares of Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 25th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $13.89.

Insider Activity

In other news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $12.09, for a total value of $982,119.06. Following the completion of the transaction, the director now owns 168,601 shares in the company, valued at $2,038,386.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.40% of the company’s stock.

Ford Motor Company 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.