Ford Motor (NYSE:F) Shares Bought by Rafferty Asset Management LLC

Rafferty Asset Management LLC lifted its stake in shares of Ford Motor (NYSE:F) by 18.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 380,896 shares of the auto manufacturer’s stock after purchasing an additional 59,452 shares during the period. Rafferty Asset Management LLC’s holdings in Ford Motor were worth $3,771,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in F. Hager Investment Management Services LLC acquired a new position in Ford Motor during the fourth quarter worth $26,000. Bank of Jackson Hole Trust purchased a new position in shares of Ford Motor during the 4th quarter worth $29,000. Flagship Wealth Advisors LLC acquired a new position in shares of Ford Motor during the 4th quarter valued at about $30,000. Kentucky Trust Co purchased a new stake in shares of Ford Motor in the fourth quarter valued at about $31,000. Finally, Crewe Advisors LLC increased its position in Ford Motor by 169.9% during the fourth quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock worth $33,000 after purchasing an additional 2,068 shares during the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Trading Up 0.4%

Shares of F stock opened at $10.80 on Monday. Ford Motor has a fifty-two week low of $8.44 and a fifty-two week high of $14.85. The company has a 50 day moving average price of $9.90 and a 200 day moving average price of $10.05. The stock has a market capitalization of $42.79 billion, a P/E ratio of 7.39, a price-to-earnings-growth ratio of 0.61 and a beta of 1.53. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Monday, May 5th. The auto manufacturer reported $0.14 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.16. The business had revenue of $40.66 billion during the quarter, compared to the consensus estimate of $35.99 billion. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. The company’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.49 earnings per share. Equities research analysts predict that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 12th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.56%. The ex-dividend date of this dividend is Monday, May 12th. Ford Motor’s dividend payout ratio is currently 48.00%.

Analyst Ratings Changes

Several equities analysts have weighed in on F shares. Evercore ISI decreased their target price on shares of Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a report on Monday, February 10th. UBS Group decreased their price objective on Ford Motor from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, April 10th. Sanford C. Bernstein cut Ford Motor from a “market perform” rating to an “underperform” rating and cut their target price for the stock from $9.40 to $7.00 in a research note on Wednesday, April 9th. Citigroup lifted their target price on Ford Motor from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. Finally, Piper Sandler lowered their price target on Ford Motor from $9.00 to $8.50 and set a “neutral” rating for the company in a report on Tuesday, May 6th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.00.

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.