Buckley Wealth Management LLC reduced its stake in Ford Motor (NYSE:F) by 3.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 95,895 shares of the auto manufacturer’s stock after selling 3,100 shares during the quarter. Buckley Wealth Management LLC’s holdings in Ford Motor were worth $842,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. NuWave Investment Management LLC grew its position in shares of Ford Motor by 53.1% during the 1st quarter. NuWave Investment Management LLC now owns 40,113 shares of the auto manufacturer’s stock worth $352,000 after purchasing an additional 13,904 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Ford Motor by 100.1% during the first quarter. Pacer Advisors Inc. now owns 678,719 shares of the auto manufacturer’s stock valued at $5,959,000 after purchasing an additional 339,532 shares during the period. North Star Investment Management Corp. boosted its stake in shares of Ford Motor by 31.5% during the first quarter. North Star Investment Management Corp. now owns 133,961 shares of the auto manufacturer’s stock valued at $1,176,000 after purchasing an additional 32,055 shares during the period. Dfpg Investments Inc. purchased a new stake in shares of Ford Motor during the first quarter valued at $140,000. Finally, Bank of The West boosted its stake in shares of Ford Motor by 10.6% during the first quarter. Bank of The West now owns 79,950 shares of the auto manufacturer’s stock valued at $702,000 after purchasing an additional 7,668 shares during the period. 53.22% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently weighed in on F shares. Zacks Investment Research downgraded Ford Motor from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. ValuEngine downgraded Ford Motor from a “sell” rating to a “strong sell” rating in a report on Thursday, February 7th. Jefferies Financial Group restated a “buy” rating and issued a $11.00 price objective on shares of Ford Motor in a report on Tuesday, January 8th. Barclays set a $9.00 price objective on Ford Motor and gave the company a “hold” rating in a report on Friday, January 4th. Finally, Deutsche Bank started coverage on Ford Motor in a report on Thursday, December 13th. They issued a “buy” rating for the company. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. Ford Motor currently has a consensus rating of “Hold” and an average target price of $10.26.
Ford Motor (NYSE:F) last announced its earnings results on Wednesday, January 23rd. The auto manufacturer reported $0.30 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.30. The business had revenue of $38.70 billion during the quarter, compared to the consensus estimate of $36.83 billion. Ford Motor had a net margin of 2.29% and a return on equity of 14.38%. The firm’s revenue was up .5% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 earnings per share. On average, equities analysts predict that Ford Motor will post 1.21 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, April 24th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $0.60 dividend on an annualized basis and a yield of 6.39%. Ford Motor’s dividend payout ratio is presently 46.15%.
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Ford Motor Company Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.
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