NorthCrest Asset Manangement LLC Has $163,000 Position in Ford Motor (NYSE:F)

NorthCrest Asset Manangement LLC raised its position in Ford Motor (NYSE:F) by 7.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,203 shares of the auto manufacturer’s stock after buying an additional 1,140 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Ford Motor were worth $163,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in F. Fifth Third Bancorp increased its stake in Ford Motor by 13.9% in the first quarter. Fifth Third Bancorp now owns 140,849 shares of the auto manufacturer’s stock valued at $1,413,000 after acquiring an additional 17,206 shares during the last quarter. Zhang Financial LLC increased its stake in shares of Ford Motor by 2.2% in the 1st quarter. Zhang Financial LLC now owns 167,146 shares of the auto manufacturer’s stock valued at $1,676,000 after purchasing an additional 3,582 shares during the last quarter. Chris Bulman Inc bought a new position in shares of Ford Motor in the 1st quarter valued at $112,000. Donaldson Capital Management LLC raised its holdings in shares of Ford Motor by 23.5% during the 1st quarter. Donaldson Capital Management LLC now owns 17,649 shares of the auto manufacturer’s stock worth $177,000 after buying an additional 3,362 shares in the last quarter. Finally, My Legacy Advisors LLC lifted its position in shares of Ford Motor by 22.5% during the 1st quarter. My Legacy Advisors LLC now owns 46,815 shares of the auto manufacturer’s stock worth $470,000 after buying an additional 8,591 shares during the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on F. TD Cowen started coverage on Ford Motor in a research note on Friday, March 7th. They set a “hold” rating and a $10.00 target price for the company. JPMorgan Chase & Co. upped their price objective on shares of Ford Motor from $11.00 to $12.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Citigroup increased their price objective on shares of Ford Motor from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, May 7th. Piper Sandler boosted their target price on shares of Ford Motor from $8.50 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, May 22nd. Finally, The Goldman Sachs Group upped their price target on shares of Ford Motor from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Tuesday, May 6th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $10.03.

Ford Motor Price Performance

F opened at $10.61 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The stock has a market capitalization of $42.21 billion, a P/E ratio of 7.27, a PEG ratio of 0.61 and a beta of 1.50. The stock has a 50-day moving average price of $10.16 and a 200-day moving average price of $9.96. Ford Motor has a 12-month low of $8.44 and a 12-month high of $14.85.

Ford Motor (NYSE:F) last released its earnings results on Monday, May 5th. The auto manufacturer reported $0.14 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.16. The company had revenue of $40.66 billion for the quarter, compared to analyst estimates of $35.99 billion. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. The firm’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 EPS. Equities analysts predict that Ford Motor will post 1.47 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 2nd. Stockholders of record on Monday, May 12th were paid a dividend of $0.15 per share. The ex-dividend date was Monday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 5.65%. Ford Motor’s dividend payout ratio (DPR) is presently 48.00%.

Ford Motor Company 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.