Addenda Capital Inc. Decreases Stake in Ford Motor (NYSE:F)

Addenda Capital Inc. reduced its stake in Ford Motor (NYSE:F) by 0.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 451,379 shares of the auto manufacturer’s stock after selling 1,261 shares during the period. Addenda Capital Inc.’s holdings in Ford Motor were worth $5,994,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of F. Algert Global LLC purchased a new position in Ford Motor in the 3rd quarter worth approximately $190,000. Synovus Financial Corp increased its stake in shares of Ford Motor by 187.4% during the third quarter. Synovus Financial Corp now owns 191,412 shares of the auto manufacturer’s stock valued at $2,377,000 after buying an additional 124,814 shares during the period. Alpine Global Management LLC purchased a new position in shares of Ford Motor during the third quarter valued at approximately $3,147,000. Teza Capital Management LLC purchased a new position in shares of Ford Motor during the third quarter valued at approximately $518,000. Finally, Sherbrooke Park Advisers LLC increased its stake in shares of Ford Motor by 17.1% during the third quarter. Sherbrooke Park Advisers LLC now owns 50,920 shares of the auto manufacturer’s stock valued at $632,000 after buying an additional 7,443 shares during the period. 58.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

F has been the topic of several recent research reports. Barclays upped their price target on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Citigroup upped their price target on Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Sanford C. Bernstein initiated coverage on Ford Motor in a research note on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 price target on the stock. Royal Bank of Canada upped their price target on Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 25th. Finally, Piper Sandler began coverage on Ford Motor in a research note on Friday, March 15th. They issued a “neutral” rating and a $13.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Ford Motor currently has an average rating of “Hold” and an average target price of $13.89.

Insider Buying and Selling at Ford Motor

In other Ford Motor news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the firm’s stock in a transaction that occurred on 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 owns 168,601 shares in the company, valued at approximately $2,038,386.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.80% of the stock is currently owned by company insiders.

Ford Motor Stock Performance

Shares of F opened at $12.55 on Friday. 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 business has a 50-day simple moving average of $12.21 and a two-hundred day simple moving average of $12.23. The stock has a market cap of $50.08 billion, a price-to-earnings ratio of 12.93, a PEG ratio of 0.79 and a beta of 1.61. Ford Motor has a 52 week low of $9.63 and a 52 week high of $15.42.

Ford Motor (NYSE:F) last released its 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. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The firm had revenue of $42.78 billion during the quarter, compared to analysts’ expectations of $42.93 billion. During the same quarter last year, the business posted $0.63 earnings per share. The firm’s revenue was up 3.1% on a year-over-year basis. On average, analysts expect that Ford Motor will post 2.02 EPS for the current year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 8th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.78%. The ex-dividend date was Tuesday, May 7th. Ford Motor’s dividend payout ratio is currently 61.86%.

About Ford Motor

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.