M&T Bank Corp Buys 44,534 Shares of Ford Motor Company $F

M&T Bank Corp grew its stake in shares of Ford Motor Company (NYSE:FFree Report) by 13.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 372,925 shares of the auto manufacturer’s stock after acquiring an additional 44,534 shares during the period. M&T Bank Corp’s holdings in Ford Motor were worth $4,893,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of Ford Motor by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 471,705,454 shares of the auto manufacturer’s stock valued at $6,188,776,000 after acquiring an additional 4,087,699 shares during the period. Marshall Wace LLP grew its position in shares of Ford Motor by 81.1% during the 3rd quarter. Marshall Wace LLP now owns 35,438,722 shares of the auto manufacturer’s stock valued at $423,847,000 after acquiring an additional 15,866,285 shares during the period. Invesco Ltd. grew its position in shares of Ford Motor by 4.7% during the 3rd quarter. Invesco Ltd. now owns 35,390,868 shares of the auto manufacturer’s stock valued at $423,275,000 after acquiring an additional 1,597,841 shares during the period. DLD Asset Management LP bought a new position in shares of Ford Motor during the 3rd quarter valued at approximately $299,000,000. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of Ford Motor by 190.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 11,006,776 shares of the auto manufacturer’s stock valued at $131,641,000 after acquiring an additional 7,220,686 shares during the period. 58.74% of the stock is owned by institutional investors.

Insider Transactions at Ford Motor

In other news, insider William Clay Ford, Jr. bought 140,000 shares of the stock in a transaction on Thursday, February 19th. The shares were acquired at an average cost of $13.82 per share, for a total transaction of $1,934,800.00. Following the purchase, the insider directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.63% of the stock is owned by corporate insiders.

Ford Motor Stock Up 4.1%

F opened at $12.17 on Thursday. The company has a 50 day moving average of $12.28 and a 200 day moving average of $13.00. The company has a market cap of $48.53 billion, a PE ratio of -7.85, a price-to-earnings-growth ratio of 0.27 and a beta of 1.65. Ford Motor Company has a 12 month low of $9.88 and a 12 month high of $14.80. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 2.84.

Ford Motor (NYSE:FGet Free Report) last released its quarterly earnings data on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, topping the consensus estimate of $0.18 by $0.48. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The company had revenue of $43.25 billion during the quarter, compared to the consensus estimate of $42.66 billion. During the same period last year, the firm earned $0.14 EPS. Ford Motor’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, sell-side analysts expect that Ford Motor Company will post 1.54 EPS for the current year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th will be paid a $0.15 dividend. The ex-dividend date is Tuesday, May 12th. This represents a $0.60 annualized dividend and a yield of 4.9%. Ford Motor’s dividend payout ratio is currently -38.71%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Barclays raised their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Friday, January 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ford Motor in a report on Friday, March 27th. Piper Sandler raised shares of Ford Motor from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $11.00 to $16.00 in a report on Thursday, January 8th. The Goldman Sachs Group cut their price objective on shares of Ford Motor from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. Finally, TD Cowen cut their price objective on shares of Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a report on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Ford Motor currently has an average rating of “Hold” and a consensus price target of $13.56.

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About Ford Motor

(Free Report)

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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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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