Brookstone Capital Management Acquires 865,521 Shares of Ford Motor (NYSE:F)

Brookstone Capital Management boosted its holdings in shares of Ford Motor (NYSE:F) by 1,471.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 924,325 shares of the auto manufacturer’s stock after buying an additional 865,521 shares during the quarter. Brookstone Capital Management’s holdings in Ford Motor were worth $12,275,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in F. Sequoia Financial Advisors LLC grew its stake in shares of Ford Motor by 15.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 342,150 shares of the auto manufacturer’s stock valued at $4,171,000 after acquiring an additional 44,581 shares during the period. Axxcess Wealth Management LLC boosted its position in shares of Ford Motor by 616.0% in the third quarter. Axxcess Wealth Management LLC now owns 300,951 shares of the auto manufacturer’s stock worth $3,738,000 after purchasing an additional 258,920 shares during the period. Public Sector Pension Investment Board increased its stake in shares of Ford Motor by 11.9% in the third quarter. Public Sector Pension Investment Board now owns 421,118 shares of the auto manufacturer’s stock worth $5,230,000 after purchasing an additional 44,805 shares in the last quarter. CVA Family Office LLC bought a new stake in shares of Ford Motor during the 4th quarter valued at $56,000. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of Ford Motor by 21.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 12,352,718 shares of the auto manufacturer’s stock valued at $153,421,000 after buying an additional 2,190,915 shares in the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. UBS Group increased their price target on Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Royal Bank of Canada boosted their price target on Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a report on Thursday, April 25th. Piper Sandler assumed coverage on shares of Ford Motor in a report on Friday, March 15th. They set a “neutral” rating and a $13.00 price objective for the company. 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 report on Thursday, May 2nd. Finally, Barclays raised their target price on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $13.89.

Ford Motor Stock Performance

Shares of Ford Motor stock opened at $12.23 on Friday. Ford Motor has a 52 week low of $9.63 and a 52 week high of $15.42. The company has a market capitalization of $48.83 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 0.78 and a beta of 1.61. The stock’s fifty day moving average is $12.19 and its two-hundred day moving average is $12.22. The company has a quick ratio of 0.99, a current ratio of 1.17 and a debt-to-equity ratio of 2.32.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 EPS for the quarter, topping the consensus estimate of $0.42 by $0.07. The company had revenue of $42.78 billion for the quarter, compared to the consensus estimate of $42.93 billion. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.63 EPS. As a group, analysts expect that Ford Motor will post 2.02 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 8th were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.60 annualized dividend and a yield of 4.91%. Ford Motor’s dividend payout ratio (DPR) is currently 61.86%.

Insiders Place Their Bets

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

Ford Motor Company 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.