Ford Motor (NYSE:F) Stake Increased by Octavia Wealth Advisors LLC

Octavia Wealth Advisors LLC increased its stake in Ford Motor (NYSE:F) by 11.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,340 shares of the auto manufacturer’s stock after buying an additional 3,001 shares during the period. Octavia Wealth Advisors LLC’s holdings in Ford Motor were worth $370,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Snider Financial Group boosted its holdings in Ford Motor by 100,345.2% in the first quarter. Snider Financial Group now owns 219,805,167 shares of the auto manufacturer’s stock worth $3,717,000 after purchasing an additional 219,586,336 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Ford Motor by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 87,391,788 shares of the auto manufacturer’s stock worth $1,085,406,000 after purchasing an additional 2,657,650 shares during the period. Geode Capital Management LLC boosted its holdings in Ford Motor by 1.2% in the first quarter. Geode Capital Management LLC now owns 70,775,476 shares of the auto manufacturer’s stock worth $889,831,000 after purchasing an additional 863,591 shares during the period. Northern Trust Corp boosted its holdings in Ford Motor by 3.8% in the third quarter. Northern Trust Corp now owns 38,108,825 shares of the auto manufacturer’s stock worth $473,312,000 after purchasing an additional 1,392,408 shares during the period. Finally, Norges Bank acquired a new position in Ford Motor in the fourth quarter worth $419,237,000. Institutional investors own 58.74% of the company’s stock.

Insiders Place Their Bets

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total transaction of $337,031.94. Following the completion of the sale, the chief accounting officer now owns 7,102 shares of the company’s stock, valued at $88,988.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on F shares. 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 price target for the company. Citigroup upped their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $12.00 price objective on shares of Ford Motor in a report on Wednesday, February 7th. Redburn Atlantic began coverage on shares of Ford Motor in a report on Wednesday, January 24th. They issued a “sell” rating and a $10.00 price objective for the company. Finally, UBS Group downgraded shares of Ford Motor from a “buy” rating to a “neutral” rating and set a $12.00 price objective for the company. in a report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $13.82.

Ford Motor Trading Down 1.1 %

Shares of NYSE F opened at $12.09 on Wednesday. The stock has a market cap of $48.04 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 0.97 and a beta of 1.63. The business has a 50 day simple moving average of $12.63 and a 200 day simple moving average of $11.76. Ford Motor has a 52 week low of $9.63 and a 52 week high of $15.42. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.04 and a current ratio of 1.20.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Tuesday, February 6th. The auto manufacturer reported $0.29 EPS for the quarter, beating the consensus estimate of $0.12 by $0.17. The business had revenue of $43.21 billion during the quarter, compared to analysts’ expectations of $43.06 billion. Ford Motor had a return on equity of 18.95% and a net margin of 2.47%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 EPS. On average, research analysts predict that Ford Motor will post 1.9 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently announced a Variable dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were given a dividend of $0.33 per share. The ex-dividend date was Thursday, February 15th. This represents a yield of 4.7%. Ford Motor’s payout ratio is currently 55.56%.

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.