HighPoint Advisor Group LLC Makes New $1.86 Million Investment in Ford Motor (NYSE:F)

HighPoint Advisor Group LLC acquired a new stake in Ford Motor (NYSE:F) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 144,534 shares of the auto manufacturer’s stock, valued at approximately $1,864,000.

A number of other institutional investors also recently modified their holdings of F. Newport Trust Company LLC boosted its holdings in Ford Motor by 4.5% in the 4th quarter. Newport Trust Company LLC now owns 155,177,214 shares of the auto manufacturer’s stock valued at $1,891,610,000 after purchasing an additional 6,667,808 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Ford Motor by 0.3% in the fourth 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 buying an additional 269,887 shares during the period. Fisher Asset Management LLC grew its position in 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 worth $721,065,000 after buying an additional 3,522,965 shares in the last quarter. Norges Bank acquired a new stake in Ford Motor during the fourth quarter worth about $475,899,000. Finally, Northern Trust Corp increased 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 valued at $473,312,000 after acquiring an additional 1,392,408 shares during the period. Institutional investors own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

F has been the subject of a number of recent research reports. UBS Group increased their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Royal Bank of Canada increased their price target on shares of Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 25th. Sanford C. Bernstein started coverage on shares of Ford Motor in a research note on Thursday, May 23rd. They set an “outperform” rating and a $16.00 price target for the company. Citigroup upped their price objective on Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Finally, Piper Sandler started coverage on Ford Motor in a report on Friday, March 15th. They issued a “neutral” rating and a $13.00 target price for the company. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $13.89.

Ford Motor Price Performance

Shares of F opened at $11.78 on Wednesday. The stock has a market cap of $47.03 billion, a P/E ratio of 12.14, a price-to-earnings-growth ratio of 0.77 and a beta of 1.61. Ford Motor has a 1 year low of $9.63 and a 1 year high of $15.42. The stock’s 50-day moving average price is $12.26 and its two-hundred day moving average price is $12.18. The company has a current ratio of 1.17, a quick ratio of 0.99 and a debt-to-equity ratio of 2.32.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.07. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The company had revenue of $42.78 billion for the quarter, compared to analyst estimates of $42.93 billion. During the same period last year, the business posted $0.63 earnings per share. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, equities analysts predict that Ford Motor will post 1.99 earnings per share for the current year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 8th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date was Tuesday, May 7th. Ford Motor’s payout ratio is currently 61.86%.

Insider Activity

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. Corporate 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.