New Age Alpha Advisors LLC Purchases 189,626 Shares of Ford Motor (NYSE:F)

New Age Alpha Advisors LLC boosted its position in Ford Motor (NYSE:F) by 174.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 298,126 shares of the auto manufacturer’s stock after purchasing an additional 189,626 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Ford Motor were worth $2,951,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in F. Hager Investment Management Services LLC bought a new stake in shares of Ford Motor in the 4th quarter worth approximately $26,000. Bank of Jackson Hole Trust bought a new stake in Ford Motor in the fourth quarter worth $29,000. Flagship Wealth Advisors LLC purchased a new stake in shares of Ford Motor in the fourth quarter worth $30,000. Kentucky Trust Co bought a new position in shares of Ford Motor during the fourth quarter valued at $31,000. Finally, Crewe Advisors LLC raised its position in shares of Ford Motor by 169.9% in the 4th 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. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Trading Down 1.8 %

Ford Motor stock opened at $9.73 on Friday. Ford Motor has a 52-week low of $9.06 and a 52-week high of $14.85. The company has a market cap of $38.54 billion, a P/E ratio of 6.66, a P/E/G ratio of 0.61 and a beta of 1.59. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. The business has a 50-day simple moving average of $9.75 and a two-hundred day simple moving average of $10.28.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. Analysts predict that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a yield of 6.17%. Ford Motor’s dividend payout ratio is currently 41.10%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Wells Fargo & Company cut their price objective on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Thursday, February 6th. Bank of America cut their price target on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a report on Thursday, February 6th. Piper Sandler decreased their price objective on shares of Ford Motor from $13.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. BNP Paribas upgraded Ford Motor to a “hold” rating in a research note on Monday, February 10th. Finally, Jefferies Financial Group cut Ford Motor from a “hold” rating to an “underperform” rating and decreased their price target for the stock from $12.00 to $9.00 in a research note on Monday, December 16th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Ford Motor has a consensus rating of “Hold” and a consensus price target of $11.37.

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.