Varma Mutual Pension Insurance Co Purchases 73,800 Shares of Ford Motor Company $F

Varma Mutual Pension Insurance Co boosted its holdings in shares of Ford Motor Company (NYSE:F) by 8.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 921,772 shares of the auto manufacturer’s stock after acquiring an additional 73,800 shares during the quarter. Varma Mutual Pension Insurance Co’s holdings in Ford Motor were worth $11,024,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Corsicana & Co. bought a new stake in shares of Ford Motor in the 3rd quarter valued at about $25,000. Country Trust Bank acquired a new position in shares of Ford Motor in the second quarter worth approximately $27,000. Capital A Wealth Management LLC boosted its holdings in Ford Motor by 990.9% in the second quarter. Capital A Wealth Management LLC now owns 2,509 shares of the auto manufacturer’s stock valued at $27,000 after acquiring an additional 2,279 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new stake in Ford Motor during the 2nd quarter valued at approximately $30,000. Finally, Salomon & Ludwin LLC increased its position in shares of Ford Motor by 86.6% during the third quarter. Salomon & Ludwin LLC now owns 2,333 shares of the auto manufacturer’s stock worth $30,000 after buying an additional 1,083 shares during the period. Institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Performance

Shares of F stock opened at $14.10 on Friday. Ford Motor Company has a 12 month low of $8.44 and a 12 month high of $14.50. The firm has a market capitalization of $56.16 billion, a PE ratio of -6.84, a price-to-earnings-growth ratio of 5.93 and a beta of 1.66. The firm has a fifty day simple moving average of $13.62 and a two-hundred day simple moving average of $12.66. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.95.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Tuesday, February 10th. The auto manufacturer reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.07. Ford Motor had a negative net margin of 4.37% and a positive return on equity of 10.16%. The business had revenue of $45.89 billion for the quarter, compared to analysts’ expectations of $41.78 billion. During the same quarter last year, the firm earned $0.39 EPS. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. Analysts forecast that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Friday, February 13th. Ford Motor’s payout ratio is currently -29.13%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. UBS Group lifted their price objective on Ford Motor from $12.50 to $15.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Piper Sandler upgraded shares of Ford Motor from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $11.00 to $16.00 in a research note on Thursday, January 8th. HSBC increased their target price on shares of Ford Motor from $9.80 to $12.80 and gave the stock a “hold” rating in a research note on Tuesday, January 13th. Weiss Ratings restated a “buy (b-)” rating on shares of Ford Motor in a report on Monday, December 22nd. Finally, Evercore upped their price objective on shares of Ford Motor from $12.00 to $14.00 and gave the company an “in-line” rating in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $13.02.

About Ford Motor

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.