Hexagon Capital Partners LLC Acquires 7,350 Shares of Ford Motor (NYSE:F)

Hexagon Capital Partners LLC boosted its holdings in Ford Motor (NYSE:F) by 31.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,421 shares of the auto manufacturer’s stock after purchasing an additional 7,350 shares during the period. Hexagon Capital Partners LLC’s holdings in Ford Motor were worth $404,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Newport Trust Company LLC lifted its stake in Ford Motor by 4.5% in 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 last quarter. Charles Schwab Investment Management Inc. grew its holdings in Ford Motor by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 87,661,675 shares of the auto manufacturer’s stock worth $1,068,596,000 after purchasing an additional 269,887 shares during the period. Fisher Asset Management LLC increased 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 during the last quarter. Norges Bank bought a new stake in Ford Motor in the fourth quarter valued at approximately $475,899,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Ford Motor by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 27,314,520 shares of the auto manufacturer’s stock valued at $333,014,000 after buying an additional 528,823 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Citigroup increased their price target on Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Sanford C. Bernstein initiated coverage on shares of Ford Motor in a research note on Thursday, May 23rd. They set an “outperform” rating and a $16.00 target price for the company. Piper Sandler began coverage on shares of Ford Motor in a research note on Friday, March 15th. They issued a “neutral” rating and a $13.00 price target on the stock. 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. Finally, Barclays upped their target price on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $13.89.

Insiders Place Their Bets

In related news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.40% of the company’s stock.

Ford Motor Stock Performance

Shares of Ford Motor stock opened at $12.77 on Tuesday. The company’s 50 day moving average price is $12.21 and its two-hundred day moving average price is $12.24. The firm has a market capitalization of $50.96 billion, a P/E ratio of 13.16, a P/E/G ratio of 0.81 and a beta of 1.62. Ford Motor has a fifty-two week low of $9.63 and a fifty-two week high of $15.42. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.17 and a quick ratio of 0.99.

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

Ford Motor Dividend Announcement

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. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.60 annualized dividend and a yield of 4.70%. Ford Motor’s dividend payout ratio is presently 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.