Miracle Mile Advisors LLC Buys New Shares in Ford Motor (NYSE:F)

Miracle Mile Advisors LLC purchased a new position in shares of Ford Motor (NYSE:F) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,500 shares of the auto manufacturer’s stock, valued at approximately $139,000.

Other large investors have also recently added to or reduced their stakes in the company. Alpine Global Management LLC acquired a new stake in Ford Motor during the 3rd quarter valued at $3,147,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Ford Motor during the 3rd quarter worth about $611,000. AQR Capital Management LLC boosted its holdings in shares of Ford Motor by 30.2% during the 3rd quarter. AQR Capital Management LLC now owns 1,968,598 shares of the auto manufacturer’s stock worth $24,450,000 after buying an additional 456,858 shares during the period. Lido Advisors LLC grew its stake in Ford Motor by 41.5% in the 3rd quarter. Lido Advisors LLC now owns 163,169 shares of the auto manufacturer’s stock valued at $2,027,000 after buying an additional 47,885 shares during the last quarter. Finally, Legacy Advisors LLC bought a new position in Ford Motor in the 3rd quarter valued at about $382,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Insider Activity

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 value of $982,119.06. Following the completion of the sale, 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 hyperlink. 0.40% of the stock is currently owned by company insiders.

Ford Motor Price Performance

Shares of NYSE F opened at $12.88 on Wednesday. The company has a market capitalization of $51.40 billion, a PE ratio of 13.25, a P/E/G ratio of 0.81 and a beta of 1.62. 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 has a twelve month low of $9.63 and a twelve month high of $15.42. The firm has a fifty day simple moving average of $12.20 and a 200 day simple moving average of $12.25.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. The business 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 firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.63 earnings per share. On average, sell-side analysts forecast that Ford Motor will post 2.02 EPS for the current year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders 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 dividend yield of 4.66%. Ford Motor’s dividend payout ratio is currently 61.86%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on F shares. Royal Bank of Canada boosted their target price on shares of Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a research report on Thursday, April 25th. Piper Sandler began coverage on shares of Ford Motor in a report on Friday, March 15th. They set a “neutral” rating and a $13.00 target price on the stock. Citigroup boosted 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. Barclays raised their price objective on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Finally, UBS Group upped their target price on Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. One research 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. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $13.89.

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.