Handelsbanken Fonder AB Grows Stock Position in Ford Motor (NYSE:F)

Handelsbanken Fonder AB lifted its stake in Ford Motor (NYSE:F) by 17.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,053,922 shares of the auto manufacturer’s stock after purchasing an additional 158,970 shares during the period. Handelsbanken Fonder AB’s holdings in Ford Motor were worth $12,847,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. lifted its holdings in Ford Motor by 835.9% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock worth $25,000 after buying an additional 1,839 shares during the last quarter. Milestone Investment Advisors LLC purchased a new stake in Ford Motor during the 3rd quarter worth about $27,000. Peoples Bank KS purchased a new stake in Ford Motor during the 3rd quarter worth about $29,000. Provence Wealth Management Group purchased a new stake in Ford Motor during the 3rd quarter worth about $31,000. Finally, Headinvest LLC purchased a new stake in Ford Motor during the 3rd quarter worth about $31,000. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Piper Sandler assumed coverage on Ford Motor in a report on Friday, March 15th. They set a “neutral” rating and a $13.00 price target for the company. Redburn Atlantic initiated coverage on Ford Motor in a report on Wednesday, January 24th. They issued a “sell” rating and a $10.00 target price for the company. UBS Group downgraded Ford Motor from a “buy” rating to a “neutral” rating and set a $12.00 target price for the company. in a report on Wednesday, January 17th. Citigroup boosted their target price on Ford Motor from $15.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Finally, Barclays boosted their target price on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Ford Motor has a consensus rating of “Hold” and an average price target of $13.82.

Ford Motor Stock Performance

NYSE F opened at $12.95 on Wednesday. The company has a current ratio of 1.20, a quick ratio of 1.04 and a debt-to-equity ratio of 2.33. The business’s 50 day moving average is $12.59 and its two-hundred day moving average is $11.77. Ford Motor has a 12-month low of $9.63 and a 12-month high of $15.42. The stock has a market capitalization of $51.44 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 1.02 and a beta of 1.63.

Ford Motor (NYSE:F) last released its earnings results on Tuesday, February 6th. The auto manufacturer reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.17. Ford Motor had a return on equity of 18.95% and a net margin of 2.47%. The company had revenue of $43.21 billion for the quarter, compared to analysts’ expectations of $43.06 billion. During the same quarter in the previous year, the firm posted $0.51 EPS. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. Research analysts expect that Ford Motor will post 1.9 EPS for the current year.

Ford Motor Announces Dividend

The firm also recently announced a Variable dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were given a dividend of $0.33 per share. This represents a yield of 4.7%. The ex-dividend date of this dividend was Thursday, February 15th. Ford Motor’s payout ratio is 55.56%.

Insider Buying and Selling

In related news, CAO Mark Kosman sold 26,898 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total value of $337,031.94. Following the sale, the chief accounting officer now owns 7,102 shares in the company, valued at approximately $88,988.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.40% of the company’s stock.

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.