KKM Financial LLC increased its position in shares of Ford Motor Company (NYSE:F – Free Report) by 33.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 383,294 shares of the auto manufacturer’s stock after acquiring an additional 95,374 shares during the period. Ford Motor comprises about 1.4% of KKM Financial LLC’s portfolio, making the stock its 27th biggest position. KKM Financial LLC’s holdings in Ford Motor were worth $4,584,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Caxton Associates LLP bought a new position in Ford Motor during the 1st quarter worth approximately $304,000. Empowered Funds LLC increased its position in shares of Ford Motor by 41.6% during the first quarter. Empowered Funds LLC now owns 147,760 shares of the auto manufacturer’s stock worth $1,482,000 after buying an additional 43,385 shares during the period. Advisors Capital Management LLC raised its stake in Ford Motor by 7.1% during the second quarter. Advisors Capital Management LLC now owns 13,428 shares of the auto manufacturer’s stock worth $146,000 after buying an additional 885 shares during the last quarter. Foundations Investment Advisors LLC lifted its holdings in Ford Motor by 9.8% in the second quarter. Foundations Investment Advisors LLC now owns 103,501 shares of the auto manufacturer’s stock valued at $1,123,000 after buying an additional 9,254 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Ford Motor by 7.6% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 957,894 shares of the auto manufacturer’s stock valued at $10,393,000 after buying an additional 67,707 shares during the period. 58.74% of the stock is currently owned by institutional investors and hedge funds.
Ford Motor Stock Performance
Shares of F opened at $11.67 on Monday. Ford Motor Company has a one year low of $8.44 and a one year high of $14.80. The company has a market cap of $46.54 billion, a PE ratio of -5.66, a P/E/G ratio of 0.27 and a beta of 1.65. The stock has a 50-day moving average of $13.56 and a 200-day moving average of $12.94. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.07 and a quick ratio of 0.94.
Ford Motor Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 13th were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.60 annualized dividend and a yield of 5.1%. Ford Motor’s dividend payout ratio (DPR) is presently -29.13%.
Insider Transactions at Ford Motor
In other Ford Motor news, insider William Clay Ford, Jr. purchased 140,000 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was acquired at an average price of $13.82 per share, for a total transaction of $1,934,800.00. Following the purchase, the insider owned 3,912,600 shares of the company’s stock, valued at $54,072,132. This trade represents a 3.71% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.48% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on F. Evercore increased their price target on Ford Motor from $12.00 to $14.00 and gave the stock an “in-line” rating in a report on Monday, December 22nd. TD Cowen upped their target price on Ford Motor from $13.00 to $15.00 and gave the company a “hold” rating in a research report on Tuesday, January 13th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $12.00 target price on shares of Ford Motor in a research note on Wednesday, February 11th. Barclays lifted their target price on Ford Motor from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Friday, January 23rd. Finally, Zacks Research upgraded Ford Motor from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $13.29.
About Ford Motor
Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.
Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.
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