Allstate Corp Grows Position in Ford Motor (NYSE:F)

Allstate Corp boosted its stake in Ford Motor (NYSE:F) by 22.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,461 shares of the auto manufacturer’s stock after buying an additional 2,311 shares during the quarter. Allstate Corp’s holdings in Ford Motor were worth $165,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of F. Pinnacle Associates Ltd. increased its position in shares of Ford Motor by 2.6% during the 1st quarter. Pinnacle Associates Ltd. now owns 32,527 shares of the auto manufacturer’s stock valued at $432,000 after purchasing an additional 817 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its position in shares of Ford Motor by 29.8% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 3,604 shares of the auto manufacturer’s stock valued at $44,000 after purchasing an additional 828 shares during the last quarter. Legacy Wealth Asset Management LLC increased its position in shares of Ford Motor by 1.7% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 48,916 shares of the auto manufacturer’s stock valued at $650,000 after purchasing an additional 836 shares during the last quarter. First United Bank & Trust increased its position in shares of Ford Motor by 5.4% during the 4th quarter. First United Bank & Trust now owns 16,486 shares of the auto manufacturer’s stock valued at $201,000 after purchasing an additional 850 shares during the last quarter. Finally, Lee Financial Co increased its position in shares of Ford Motor by 3.6% during the 4th quarter. Lee Financial Co now owns 24,836 shares of the auto manufacturer’s stock valued at $303,000 after purchasing an additional 854 shares during the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

F has been the subject of several research analyst reports. Sanford C. Bernstein initiated coverage on Ford Motor in a research report on Thursday, May 23rd. They set an “outperform” rating and a $16.00 target price for the company. UBS Group raised their target price on Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Citigroup lifted their price objective on Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Barclays lifted their price objective on Ford Motor from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Finally, Royal Bank of Canada lifted their price objective on Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $14.18.

Ford Motor Price Performance

Shares of F traded up $0.13 during trading hours on Monday, reaching $14.12. 59,088,393 shares of the company’s stock traded hands, compared to its average volume of 51,358,191. The stock has a market cap of $56.35 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 0.90 and a beta of 1.62. The company has a current ratio of 1.17, a quick ratio of 0.99 and a debt-to-equity ratio of 2.32. The firm’s 50 day simple moving average is $12.50 and its 200-day simple moving average is $12.38. Ford Motor has a 12 month low of $9.63 and a 12 month high of $14.85.

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

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 8th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.25%. Ford Motor’s dividend payout ratio (DPR) is presently 61.86%.

Insider Activity

In related news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the firm’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 transaction, the director now directly owns 168,601 shares of the company’s stock, valued at approximately $2,038,386.09. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.80% of the company’s stock.

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.