Havemeyer Place LP Buys New Position in Ford Motor Company $F

Havemeyer Place LP purchased a new stake in shares of Ford Motor Company (NYSE:F) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 127,736 shares of the auto manufacturer’s stock, valued at approximately $1,676,000.

A number of other institutional investors and hedge funds have also bought and sold shares of F. Grove Bank & Trust grew its position in Ford Motor by 110.7% during the fourth quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock valued at $25,000 after acquiring an additional 1,000 shares during the last quarter. Olistico Wealth LLC bought a new position in Ford Motor during the fourth quarter valued at approximately $26,000. Johnson Financial Group Inc. grew its position in Ford Motor by 55.4% during the third quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock valued at $28,000 after acquiring an additional 837 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. bought a new position in Ford Motor during the fourth quarter valued at approximately $29,000. Finally, KERR FINANCIAL PLANNING Corp bought a new position in Ford Motor during the third quarter valued at approximately $32,000. 58.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on F shares. Wall Street Zen cut shares of Ford Motor from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Royal Bank Of Canada restated a “sector perform” rating and issued a $13.00 target price on shares of Ford Motor in a report on Friday, May 15th. Wells Fargo & Company cut their target price on shares of Ford Motor from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Tuesday, March 31st. Morgan Stanley restated an “equal weight” rating and issued a $14.00 target price on shares of Ford Motor in a report on Wednesday, May 13th. Finally, UBS Group cut their target price on shares of Ford Motor from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Ford Motor presently has a consensus rating of “Hold” and a consensus target price of $14.20.

Ford Motor Stock Down 2.8%

Shares of Ford Motor stock opened at $14.91 on Friday. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.94 and a current ratio of 1.09. Ford Motor Company has a 52-week low of $10.15 and a 52-week high of $17.78. The stock has a market capitalization of $59.39 billion, a price-to-earnings ratio of -9.62, a P/E/G ratio of 0.32 and a beta of 1.79. The company’s 50 day moving average price is $13.12 and its 200-day moving average price is $13.22.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.48. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The firm had revenue of $43.25 billion for the quarter, compared to analysts’ expectations of $42.66 billion. During the same quarter last year, the business earned $0.14 earnings per share. The business’s revenue was up 6.4% on a year-over-year basis. Equities research analysts forecast that Ford Motor Company will post 1.64 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.60 dividend on an annualized basis and a yield of 4.0%. Ford Motor’s dividend payout ratio (DPR) is presently -38.71%.

Ford Motor Company Profile

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.