Charles Schwab Investment Management Inc. Has $1.07 Billion Stake in Ford Motor (NYSE:F)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Ford Motor (NYSE:F) by 0.3% in the fourth quarter, HoldingsChannel reports. The firm owned 87,661,675 shares of the auto manufacturer’s stock after acquiring an additional 269,887 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Ford Motor were worth $1,068,596,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of F. Sequoia Financial Advisors LLC boosted its position in shares of Ford Motor by 15.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 342,150 shares of the auto manufacturer’s stock worth $4,171,000 after purchasing an additional 44,581 shares during the last quarter. Pearl River Capital LLC boosted its position in shares of Ford Motor by 174.2% in the 3rd quarter. Pearl River Capital LLC now owns 332,161 shares of the auto manufacturer’s stock worth $4,125,000 after purchasing an additional 211,037 shares during the last quarter. TIAA Trust National Association bought a new position in shares of Ford Motor in the 3rd quarter worth $1,104,000. Mackenzie Financial Corp boosted its position in shares of Ford Motor by 110.5% in the 3rd quarter. Mackenzie Financial Corp now owns 700,928 shares of the auto manufacturer’s stock worth $8,460,000 after purchasing an additional 367,977 shares during the last quarter. Finally, Axxcess Wealth Management LLC boosted its position in shares of Ford Motor by 616.0% in the 3rd quarter. Axxcess Wealth Management LLC now owns 300,951 shares of the auto manufacturer’s stock worth $3,738,000 after purchasing an additional 258,920 shares during the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on F. UBS Group raised their price target on Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Royal Bank of Canada lifted their target price on Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a report on Thursday, April 25th. Piper Sandler started 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. Barclays lifted their price target on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Finally, Citigroup lifted 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. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Ford Motor has a consensus rating of “Hold” and an average price target of $13.74.

Ford Motor Stock Up 0.2 %

Shares of NYSE:F traded up $0.02 during midday trading on Wednesday, reaching $12.19. The company had a trading volume of 20,272,275 shares, compared to its average volume of 53,573,914. 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’s 50 day moving average price is $12.65 and its 200 day moving average price is $11.81. The stock has a market cap of $48.67 billion, a PE ratio of 12.60, a P/E/G ratio of 0.84 and a beta of 1.61. Ford Motor has a 1-year low of $9.63 and a 1-year 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, beating analysts’ consensus estimates of $0.42 by $0.07. The business had revenue of $42.78 billion for 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%. Ford Motor’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.63 earnings per share. Research analysts forecast that Ford Motor will post 1.94 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 8th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date is Tuesday, May 7th. Ford Motor’s dividend payout ratio (DPR) is presently 61.86%.

Insiders Place Their Bets

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of the business’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 transaction, 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 SEC, which is available through this link. Company insiders own 0.40% of the company’s stock.

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.