Creekmur Asset Management LLC Purchases Shares of 4,814 Ford Motor (NYSE:F)

Creekmur Asset Management LLC bought a new stake in shares of Ford Motor (NYSE:F) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 4,814 shares of the auto manufacturer’s stock, valued at approximately $59,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in F. Newport Trust Company LLC lifted 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. Charles Schwab Investment Management Inc. lifted its holdings in Ford Motor by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 87,661,675 shares of the auto manufacturer’s stock valued at $1,068,596,000 after purchasing an additional 269,887 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in Ford Motor by 6.3% during the 4th quarter. Fisher Asset Management LLC now owns 59,152,154 shares of the auto manufacturer’s stock valued at $721,065,000 after purchasing an additional 3,522,965 shares during the last quarter. Norges Bank bought a new stake in Ford Motor during the fourth quarter worth about $475,899,000. Finally, Northern Trust Corp grew its stake in Ford Motor by 3.8% during the third quarter. Northern Trust Corp now owns 38,108,825 shares of the auto manufacturer’s stock worth $473,312,000 after buying an additional 1,392,408 shares during the last quarter. Institutional investors own 58.74% of the company’s stock.

Insider Activity at Ford Motor

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on F shares. Citigroup lifted their target price on shares of Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. UBS Group raised 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. Sanford C. Bernstein initiated coverage on shares of Ford Motor in a report on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 price target for the company. Piper Sandler started coverage on Ford Motor in a research note on Friday, March 15th. They issued a “neutral” rating and a $13.00 target price for the company. Finally, Royal Bank of Canada upped their target price 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. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Ford Motor currently has a consensus rating of “Hold” and an average target price of $13.89.

Ford Motor Price Performance

F opened at $11.71 on Monday. Ford Motor has a 12 month low of $9.63 and a 12 month high of $15.42. The company has a quick ratio of 0.99, a current ratio of 1.17 and a debt-to-equity ratio of 2.32. The stock has a market cap of $46.75 billion, a P/E ratio of 12.07, a P/E/G ratio of 0.77 and a beta of 1.61. The company has a fifty day simple moving average of $12.32 and a 200 day simple moving average of $12.16.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.07. The business had revenue of $42.78 billion during the quarter, compared to analyst estimates of $42.93 billion. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. Ford Motor’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.63 EPS. On average, research analysts expect that Ford Motor will post 1.99 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 8th were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, May 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.12%. Ford Motor’s payout ratio is 61.86%.

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.