Ford Motor (NYSE:F) Shares Purchased by Alberta Investment Management Corp

Alberta Investment Management Corp raised its stake in Ford Motor (NYSE:F) by 87.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 196,100 shares of the auto manufacturer’s stock after buying an additional 91,300 shares during the quarter. Alberta Investment Management Corp’s holdings in Ford Motor were worth $1,941,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Apollon Wealth Management LLC boosted its stake in Ford Motor by 1.1% during the 3rd quarter. Apollon Wealth Management LLC now owns 92,950 shares of the auto manufacturer’s stock worth $982,000 after purchasing an additional 969 shares during the period. Pure Financial Advisors LLC raised its holdings in shares of Ford Motor by 6.6% in the third quarter. Pure Financial Advisors LLC now owns 16,096 shares of the auto manufacturer’s stock valued at $170,000 after buying an additional 990 shares during the last quarter. PBMares Wealth Management LLC boosted its stake in shares of Ford Motor by 9.0% during the third quarter. PBMares Wealth Management LLC now owns 11,976 shares of the auto manufacturer’s stock worth $126,000 after buying an additional 991 shares during the period. Pointe Capital Management LLC boosted its stake in shares of Ford Motor by 4.8% during the third quarter. Pointe Capital Management LLC now owns 21,821 shares of the auto manufacturer’s stock worth $230,000 after buying an additional 1,000 shares during the period. Finally, Albion Financial Group UT grew its holdings in shares of Ford Motor by 38.5% during the fourth quarter. Albion Financial Group UT now owns 3,600 shares of the auto manufacturer’s stock worth $36,000 after buying an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Trading Down 1.1 %

Shares of Ford Motor stock opened at $9.29 on Friday. The company has a 50-day moving average of $9.81 and a two-hundred day moving average of $10.43. Ford Motor has a 12-month low of $9.10 and a 12-month high of $14.85. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The stock has a market cap of $36.80 billion, a PE ratio of 6.36, a price-to-earnings-growth ratio of 0.60 and a beta of 1.63.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. On average, research analysts anticipate that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be given a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.60 annualized dividend and a dividend yield of 6.46%. Ford Motor’s dividend payout ratio is presently 41.10%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Evercore ISI reduced their price objective on Ford Motor from $11.00 to $10.00 and set an “in-line” rating for the company in a research note on Monday, February 10th. Barclays downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $13.00 to $11.00 in a report on Wednesday, January 22nd. Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada lowered their target price on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $11.89.

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.