First Hawaiian Bank Purchases New Shares in Ford Motor (NYSE:F)

First Hawaiian Bank acquired a new position in shares of Ford Motor (NYSE:F) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 50,542 shares of the auto manufacturer’s stock, valued at approximately $671,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. increased its position in shares of Ford Motor by 835.9% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock worth $25,000 after purchasing an additional 1,839 shares in the last quarter. Fortis Group Advisors LLC grew its holdings in shares of Ford Motor by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock worth $26,000 after buying an additional 1,086 shares in the last quarter. Voisard Asset Management Group Inc. acquired a new stake in shares of Ford Motor in the fourth quarter valued at about $27,000. Headinvest LLC purchased a new position in shares of Ford Motor in the third quarter worth about $31,000. Finally, Fairman Group LLC acquired a new position in Ford Motor during the fourth quarter worth about $31,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Price Performance

F stock opened at $11.84 on Friday. The business’s fifty day moving average price is $12.19 and its 200 day moving average price is $12.18. Ford Motor has a 12-month low of $9.63 and a 12-month high of $15.42. The company has a current ratio of 1.17, a quick ratio of 0.99 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $47.27 billion, a PE ratio of 12.21, a P/E/G ratio of 0.76 and a beta of 1.61.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.07. The business had revenue of $42.78 billion for the quarter, compared to analysts’ expectations of $42.93 billion. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.63 earnings per share. On average, sell-side analysts anticipate that Ford Motor will post 2.02 EPS 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 issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, May 7th. This represents a $0.60 annualized dividend and a yield of 5.07%. Ford Motor’s dividend payout ratio (DPR) is 61.86%.

Analyst Ratings Changes

A number of research analysts have weighed in on F shares. Barclays raised their target price on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Royal Bank of Canada upped their target price on Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a report on Thursday, April 25th. Piper Sandler began 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. Citigroup boosted their price target on shares of Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Finally, UBS Group raised their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $13.89.

Insider Activity at Ford Motor

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

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.