Burleson & Company LLC Buys Shares of 3,562 Ford Motor (NYSE:F)

Burleson & Company LLC purchased a new position in shares of Ford Motor (NYSE:F) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,562 shares of the auto manufacturer’s stock, valued at approximately $44,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Tokio Marine Asset Management Co. Ltd. increased its position in shares of Ford Motor by 4.0% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 23,150 shares of the auto manufacturer’s stock valued at $203,000 after acquiring an additional 889 shares during the last quarter. Robertson Stephens Wealth Management LLC raised its position in Ford Motor by 2.6% in the first quarter. Robertson Stephens Wealth Management LLC now owns 36,807 shares of the auto manufacturer’s stock valued at $450,000 after purchasing an additional 931 shares during the period. Checchi Capital Advisers LLC lifted its stake in Ford Motor by 3.1% during the fourth quarter. Checchi Capital Advisers LLC now owns 32,600 shares of the auto manufacturer’s stock worth $287,000 after purchasing an additional 978 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Ford Motor by 9.7% during the first quarter. Exchange Traded Concepts LLC now owns 11,191 shares of the auto manufacturer’s stock worth $137,000 after buying an additional 991 shares during the period. Finally, Hexagon Capital Partners LLC grew its stake in shares of Ford Motor by 30.6% in the fourth quarter. Hexagon Capital Partners LLC now owns 4,272 shares of the auto manufacturer’s stock valued at $37,000 after buying an additional 1,000 shares in the last quarter. 51.94% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE F opened at $15.11 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.21 and a debt-to-equity ratio of 3.04. Ford Motor has a one year low of $5.74 and a one year high of $16.45. The stock has a market cap of $60.31 billion, a price-to-earnings ratio of 15.26, a P/E/G ratio of 0.73 and a beta of 1.16. The stock’s fifty day moving average is $12.84.

Ford Motor (NYSE:F) last released its quarterly earnings data on Tuesday, April 27th. The auto manufacturer reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.73. Ford Motor had a net margin of 3.07% and a return on equity of 19.04%. The firm had revenue of $33.55 billion for the quarter, compared to the consensus estimate of $32.72 billion. During the same quarter in the previous year, the firm earned ($0.23) earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. As a group, equities research analysts forecast that Ford Motor will post 1 earnings per share for the current year.

In other news, insider Kiersten Robinson sold 60,000 shares of the firm’s stock in a transaction on Friday, June 4th. The stock was sold at an average price of $16.20, for a total value of $972,000.00. Following the completion of the transaction, the insider now owns 109,691 shares in the company, valued at $1,776,994.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.90% of the company’s stock.

Several equities analysts have weighed in on the company. Wells Fargo & Company assumed coverage on Ford Motor in a research report on Monday, April 5th. They issued an “overweight” rating and a $15.00 target price for the company. TheStreet raised Ford Motor from a “c” rating to a “b-” rating in a research note on Wednesday, April 28th. Wolfe Research raised Ford Motor from a “peer perform” rating to an “outperform” rating and increased their price target for the company from $13.00 to $15.00 in a research report on Thursday, April 22nd. Deutsche Bank Aktiengesellschaft upped their target price on shares of Ford Motor from $14.00 to $16.00 and gave the stock a “hold” rating in a research note on Thursday, May 27th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Ford Motor from $16.00 to $18.00 and gave the stock an “overweight” rating in a report on Friday, June 4th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. Ford Motor has an average rating of “Hold” and an average target price of $12.96.

Ford Motor Profile

Ford Motor Company designs, manufactures, markets, and services a range of Ford trucks, cars, sport utility vehicles, electrified vehicles, and Lincoln luxury vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.

Further Reading: Golden Cross

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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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