North Star Asset Management Inc. Purchases 971 Shares of Ford Motor (NYSE:F)

North Star Asset Management Inc. grew its holdings in Ford Motor (NYSE:F) by 8.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,838 shares of the auto manufacturer’s stock after buying an additional 971 shares during the quarter. North Star Asset Management Inc.’s holdings in Ford Motor were worth $144,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Meridian Wealth Management LLC raised its holdings in Ford Motor by 86.4% during the 3rd quarter. Meridian Wealth Management LLC now owns 657,842 shares of the auto manufacturer’s stock worth $8,170,000 after purchasing an additional 304,923 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Ford Motor by 15.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 342,150 shares of the auto manufacturer’s stock valued at $4,171,000 after purchasing an additional 44,581 shares during the last quarter. Pearl River Capital LLC lifted its position in Ford Motor by 174.2% during the 3rd 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 in the last quarter. TIAA Trust National Association bought a new stake in Ford Motor during the third quarter worth about $1,104,000. Finally, Mackenzie Financial Corp raised its stake in shares of Ford Motor by 110.5% during 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 in the last quarter. 58.74% of the stock is owned by institutional investors.

Analysts Set New Price Targets

F has been the subject of a number of analyst reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $12.00 price objective on shares of Ford Motor in a research report on Wednesday, February 7th. Barclays lifted their price target on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Morgan Stanley raised their price objective on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Redburn Atlantic began coverage on Ford Motor in a report on Wednesday, January 24th. They set a “sell” rating and a $10.00 target price on the stock. Finally, Piper Sandler started coverage on Ford Motor in a report on Friday, March 15th. They set a “neutral” rating and a $13.00 price target for the company. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Ford Motor has a consensus rating of “Hold” and an average price target of $13.82.

Insider Activity

In related 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 transaction, the chief accounting officer now directly owns 7,102 shares of the company’s stock, valued at approximately $88,988.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.40% of the stock is currently owned by company insiders.

Ford Motor Price Performance

Shares of NYSE F opened at $12.88 on Tuesday. The stock has a market capitalization of $51.18 billion, a PE ratio of 11.93, a P/E/G ratio of 0.96 and a beta of 1.63. The business has a fifty day moving average price of $12.59 and a two-hundred day moving average price of $11.76. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.20 and a quick ratio of 1.04. Ford Motor has a fifty-two week low of $9.63 and a fifty-two week high of $15.42.

Ford Motor (NYSE:F) last announced its 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. Ford Motor had a return on equity of 18.95% and a net margin of 2.47%. The business had revenue of $43.21 billion for the quarter, compared to analysts’ expectations of $43.06 billion. During the same period in the prior year, the business posted $0.51 earnings per share. The firm’s revenue was up 3.5% on a year-over-year basis. As a group, equities analysts predict that Ford Motor will post 1.89 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

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

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.