SpiderRock Advisors LLC Buys Shares of 20,666 Ford Motor (NYSE:F)

SpiderRock Advisors LLC bought a new stake in Ford Motor (NYSE:F) during the 1st quarter, Holdings Channel reports. The firm bought 20,666 shares of the auto manufacturer’s stock, valued at approximately $252,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Woodward Diversified Capital LLC raised its stake in shares of Ford Motor by 8.3% in the 1st quarter. Woodward Diversified Capital LLC now owns 40,235 shares of the auto manufacturer’s stock valued at $534,000 after acquiring an additional 3,087 shares during the period. Mainstay Capital Management LLC ADV raised its stake in shares of Ford Motor by 31.5% in the 1st quarter. Mainstay Capital Management LLC ADV now owns 84,780 shares of the auto manufacturer’s stock valued at $1,126,000 after acquiring an additional 20,310 shares during the period. Delta Financial Group Inc. raised its stake in shares of Ford Motor by 137.4% in the 1st quarter. Delta Financial Group Inc. now owns 43,587 shares of the auto manufacturer’s stock valued at $579,000 after acquiring an additional 25,226 shares during the period. Caprock Group LLC raised its stake in shares of Ford Motor by 135.4% in the 1st quarter. Caprock Group LLC now owns 38,364 shares of the auto manufacturer’s stock valued at $509,000 after acquiring an additional 22,068 shares during the period. Finally, Perigon Wealth Management LLC raised its stake in shares of Ford Motor by 44.9% in the 1st quarter. Perigon Wealth Management LLC now owns 42,865 shares of the auto manufacturer’s stock valued at $569,000 after acquiring an additional 13,292 shares during the period. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Stock Performance

Ford Motor stock traded down $0.10 during trading hours on Friday, reaching $12.77. 18,809,488 shares of the stock were exchanged, compared to its average volume of 50,771,672. The stock has a market cap of $50.98 billion, a P/E ratio of 13.25, a P/E/G ratio of 0.83 and a beta of 1.62. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.99 and a current ratio of 1.17. Ford Motor has a 52-week low of $9.63 and a 52-week high of $15.42. The firm’s 50 day moving average is $12.20 and its 200 day moving average is $12.26.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. The company had revenue of $42.78 billion during the quarter, compared to the consensus estimate of $42.93 billion. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. Ford Motor’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.63 EPS. Analysts predict that Ford Motor will post 2.02 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 8th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, May 7th. This represents a $0.60 dividend on an annualized basis and a yield of 4.70%. 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 stock in a transaction dated 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 approximately $2,038,386.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on F shares. UBS Group boosted their price target on shares of Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Barclays upped their target price 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. Sanford C. Bernstein started coverage on shares of Ford Motor in a research note on Thursday, May 23rd. They set an “outperform” rating and a $16.00 target price on the stock. Citigroup upped their target price 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. Finally, Piper Sandler assumed coverage on shares of Ford Motor in a research report on Friday, March 15th. They issued a “neutral” rating and a $13.00 price objective on the stock. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $13.89.

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.