Allred Capital Management LLC lifted its holdings in shares of Ford Motor (NYSE:F) by 14.2% during the 1st quarter, Holdings Channel reports. The firm owned 11,650 shares of the auto manufacturer’s stock after buying an additional 1,450 shares during the period. Allred Capital Management LLC’s holdings in Ford Motor were worth $105,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Van ECK Associates Corp grew its position in Ford Motor by 2.0% in the 4th quarter. Van ECK Associates Corp now owns 61,662 shares of the auto manufacturer’s stock worth $472,000 after purchasing an additional 1,185 shares during the last quarter. Enterprise Financial Services Corp grew its position in Ford Motor by 27.6% in the 4th quarter. Enterprise Financial Services Corp now owns 5,526 shares of the auto manufacturer’s stock worth $42,000 after purchasing an additional 1,196 shares during the last quarter. Unison Advisors LLC grew its position in Ford Motor by 1.6% in the 4th quarter. Unison Advisors LLC now owns 80,100 shares of the auto manufacturer’s stock worth $612,000 after purchasing an additional 1,261 shares during the last quarter. Louisiana State Employees Retirement System grew its position in Ford Motor by 0.6% in the 1st quarter. Louisiana State Employees Retirement System now owns 206,300 shares of the auto manufacturer’s stock worth $1,811,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Meridian Wealth Management LLC grew its position in Ford Motor by 7.0% in the 4th quarter. Meridian Wealth Management LLC now owns 20,265 shares of the auto manufacturer’s stock worth $155,000 after purchasing an additional 1,323 shares during the last quarter. Institutional investors own 53.24% of the company’s stock.
Several analysts have issued reports on the stock. Citigroup restated a “reduce” rating on shares of Ford Motor in a research report on Wednesday, April 10th. Nomura lowered shares of Ford Motor from a “neutral” rating to a “reduce” rating and decreased their price target for the stock from $8.20 to $7.50 in a research report on Friday, April 5th. ValuEngine upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Zacks Investment Research lowered shares of Ford Motor from a “buy” rating to a “hold” rating in a research report on Thursday, January 10th. Finally, Seaport Global Securities assumed coverage on shares of Ford Motor in a research report on Wednesday, February 13th. They issued a “neutral” rating and a $8.46 price target on the stock. They noted that the move was a valuation call. Four equities research 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. The stock presently has an average rating of “Hold” and a consensus price target of $10.26.
Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, January 23rd. The auto manufacturer reported $0.30 EPS for the quarter, hitting analysts’ consensus estimates of $0.30. The company 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 for the quarter was up .5% compared to the same quarter last year. During the same period last year, the firm earned $0.39 EPS. On average, equities research analysts expect that Ford Motor will post 1.21 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, April 24th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.41%. The ex-dividend date is Tuesday, April 23rd. Ford Motor’s payout ratio is 46.15%.
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Ford Motor 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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