5,075 Shares in Ford Motor (NYSE:F) Acquired by LRI Investments LLC

28 Jul 2024, 14:52 by Doug Wharley · The Cerbat Gem

LRI Investments LLC bought a new position in Ford Motor (NYSE:F – Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 5,075 shares of the auto manufacturer’s stock, valued at approximately $63,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Ford Motor during the fourth quarter valued at approximately $475,899,000. Coatue Management LLC acquired a new stake in shares of Ford Motor during the fourth quarter valued at approximately $149,152,000. Newport Trust Company LLC raised its holdings in shares of Ford Motor by 4.5% during the fourth quarter. Newport Trust Company LLC now owns 155,177,214 shares of the auto manufacturer’s stock valued at $1,891,610,000 after acquiring an additional 6,667,808 shares during the period. Fisher Asset Management LLC raised its holdings in shares of Ford Motor by 6.3% during the fourth quarter. Fisher Asset Management LLC now owns 59,152,154 shares of the auto manufacturer’s stock valued at $721,065,000 after acquiring an additional 3,522,965 shares during the period. Finally, International Assets Investment Management LLC raised its holdings in shares of Ford Motor by 1,084.8% during the fourth quarter. International Assets Investment Management LLC now owns 2,696,966 shares of the auto manufacturer’s stock valued at $32,876,000 after acquiring an additional 2,469,344 shares during the period. 58.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

F has been the topic of a number of research analyst reports. UBS Group boosted their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. The Goldman Sachs Group lowered their price objective on shares of Ford Motor from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday. StockNews.com downgraded shares of Ford Motor from a “hold” rating to a “sell” rating in a research report on Thursday. Royal Bank of Canada boosted their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a research report on Thursday, April 25th. Finally, Citigroup boosted their target price on shares of Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $13.95.

Check Out Our Latest Stock Analysis on F

Ford Motor Price Performance

Shares of F stock traded up $0.03 during mid-day trading on Friday, reaching $11.19. The company’s stock had a trading volume of 79,599,879 shares, compared to its average volume of 64,100,216. Ford Motor has a 1-year low of $9.63 and a 1-year high of $14.85. The company has a market cap of $44.67 billion, a P/E ratio of 11.54, a PEG ratio of 0.73 and a beta of 1.62. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.99 and a current ratio of 1.17. The firm’s 50-day moving average is $12.55 and its two-hundred day moving average is $12.41.

Ford Motor (NYSE:F – Get Free Report) last announced its quarterly earnings data on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The business had revenue of $47.81 billion during the quarter, compared to analyst estimates of $47.79 billion. During the same quarter in the prior year, the company posted $0.72 EPS. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, research analysts predict that Ford Motor will post 1.98 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 7th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.36%. The ex-dividend date is Wednesday, August 7th. Ford Motor’s payout ratio is 61.86%.

Insider Transactions at Ford Motor

In other Ford Motor news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $12.09, for a total transaction of $982,119.06. Following the sale, the director now owns 168,601 shares of the company’s stock, valued at approximately $2,038,386.09. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.80% of the stock is owned by insiders.

Ford Motor Profile

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