Next Level Private LLC Acquires 18,550 Shares of Ford Motor (NYSE:F)

Next Level Private LLC boosted its holdings in Ford Motor (NYSE:F) by 16.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 134,787 shares of the auto manufacturer’s stock after acquiring an additional 18,550 shares during the quarter. Ford Motor accounts for about 0.9% of Next Level Private LLC’s investment portfolio, making the stock its 29th biggest position. Next Level Private LLC’s holdings in Ford Motor were worth $1,643,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Meridian Wealth Management LLC increased its stake in Ford Motor by 86.4% in the third quarter. Meridian Wealth Management LLC now owns 657,842 shares of the auto manufacturer’s stock valued at $8,170,000 after acquiring an additional 304,923 shares during the period. Pearl River Capital LLC grew its stake in Ford Motor by 174.2% during the third quarter. Pearl River Capital LLC now owns 332,161 shares of the auto manufacturer’s stock worth $4,125,000 after buying an additional 211,037 shares during the last quarter. TIAA Trust National Association bought a new stake in Ford Motor during the third quarter worth about $1,104,000. Mackenzie Financial Corp grew its stake in Ford Motor by 110.5% during the third quarter. Mackenzie Financial Corp now owns 700,928 shares of the auto manufacturer’s stock worth $8,460,000 after buying an additional 367,977 shares during the last quarter. Finally, Axxcess Wealth Management LLC grew its stake in Ford Motor by 616.0% during the third quarter. Axxcess Wealth Management LLC now owns 300,951 shares of the auto manufacturer’s stock worth $3,738,000 after buying an additional 258,920 shares during the last quarter. Institutional investors own 58.74% of the company’s stock.

Ford Motor Price Performance

Shares of Ford Motor stock opened at $13.02 on Thursday. Ford Motor has a twelve month low of $9.63 and a twelve month high of $15.42. The company has a quick ratio of 1.04, a current ratio of 1.20 and a debt-to-equity ratio of 2.33. The company has a 50-day simple moving average of $12.16 and a two-hundred day simple moving average of $11.69. The stock has a market capitalization of $51.74 billion, a price-to-earnings ratio of 12.10, a price-to-earnings-growth ratio of 0.99 and a beta of 1.63.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Tuesday, February 6th. The auto manufacturer reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.17. Ford Motor had a net margin of 2.47% and a return on equity of 18.95%. The business had revenue of $43.21 billion for the quarter, compared to analysts’ expectations of $43.06 billion. During the same period last year, the firm posted $0.51 earnings per share. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. Analysts forecast that Ford Motor will post 1.88 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently disclosed a Variable dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were paid a $0.33 dividend. This represents a yield of 4.7%. The ex-dividend date was Thursday, February 15th. Ford Motor’s dividend payout ratio (DPR) is presently 55.56%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on F. Piper Sandler began coverage on shares of Ford Motor in a research note on Friday, March 15th. They set a “neutral” rating and a $13.00 price objective on the stock. UBS Group cut shares of Ford Motor from a “buy” rating to a “neutral” rating and set a $12.00 price target on the stock. in a research note on Wednesday, January 17th. Citigroup increased their price target on shares of Ford Motor from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Royal Bank of Canada reissued a “sector perform” rating and set a $12.00 price target on shares of Ford Motor in a research note on Wednesday, February 7th. Finally, HSBC started coverage on shares of Ford Motor in a report on Monday, December 4th. They issued a “hold” rating and a $11.30 price objective on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.75.

Insider Activity at Ford Motor

In related news, CAO Mark Kosman sold 26,898 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total value of $337,031.94. Following the sale, the chief accounting officer now directly owns 7,102 shares of the company’s stock, valued at $88,988.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.80% of the stock is currently owned by insiders.

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.