Ilmarinen Mutual Pension Insurance Co Purchases New Shares in Ford Motor Company $F

Ilmarinen Mutual Pension Insurance Co purchased a new stake in shares of Ford Motor Company (NYSE:F) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 600,000 shares of the auto manufacturer’s stock, valued at approximately $6,018,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Grove Bank & Trust grew its position in Ford Motor by 289.1% in the 1st quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer’s stock valued at $25,000 after acquiring an additional 1,882 shares during the last quarter. Elite Financial Inc. bought a new position in Ford Motor in the 1st quarter valued at $27,000. Olde Wealth Management LLC bought a new position in Ford Motor in the 1st quarter valued at $28,000. MorganRosel Wealth Management LLC bought a new position in Ford Motor in the 1st quarter valued at $30,000. Finally, Spurstone Advisory Services LLC bought a new position in Ford Motor in the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Insiders Place Their Bets

In other news, insider Andrew Frick sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total value of $330,000.00. Following the completion of the transaction, the insider directly owned 113,939 shares in the company, valued at $1,253,329. This trade represents a 20.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on F. UBS Group upped their price objective on Ford Motor from $9.00 to $11.00 and gave the company a “neutral” rating in a research report on Monday, July 14th. JPMorgan Chase & Co. raised their price target on Ford Motor from $12.00 to $13.00 and gave the company an “overweight” rating in a research note on Monday, July 21st. Royal Bank Of Canada raised their price target on Ford Motor from $10.00 to $11.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 5th. Dbs Bank lowered Ford Motor from a “hold” rating to a “moderate sell” rating in a research note on Monday, August 4th. Finally, Jefferies Financial Group raised their price target on Ford Motor from $8.00 to $9.00 and gave the company an “underperform” rating in a research note on Monday, August 11th. Two analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Ford Motor has an average rating of “Reduce” and an average target price of $10.53.

Ford Motor Price Performance

Shares of F stock opened at $11.50 on Wednesday. Ford Motor Company has a 1-year low of $8.44 and a 1-year high of $11.99. The stock’s 50-day moving average is $11.48 and its 200 day moving average is $10.55. The company has a market cap of $45.77 billion, a P/E ratio of 14.74, a PEG ratio of 3.36 and a beta of 1.52. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.10 and a quick ratio of 0.95.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.04. The business had revenue of $50.18 billion during the quarter, compared to the consensus estimate of $42.91 billion. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the company earned $0.47 earnings per share. Research analysts predict that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend was Monday, August 11th. Ford Motor’s dividend payout ratio (DPR) is currently 76.92%.

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.