Grunden Financial Advisory Inc. Makes New Investment in Ford Motor (NYSE:F)

Grunden Financial Advisory Inc. purchased a new position in Ford Motor (NYSE:F) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 22,667 shares of the auto manufacturer’s stock, valued at approximately $276,000. Ford Motor comprises 0.2% of Grunden Financial Advisory Inc.’s holdings, making the stock its 21st biggest holding.

Several other hedge funds have also recently added to or reduced their stakes in F. Xponance Inc. grew its position in Ford Motor by 4.6% during the 4th quarter. Xponance Inc. now owns 517,785 shares of the auto manufacturer’s stock worth $6,312,000 after purchasing an additional 22,740 shares in the last quarter. Flynn Zito Capital Management LLC grew its position in Ford Motor by 48.1% during the 4th quarter. Flynn Zito Capital Management LLC now owns 20,533 shares of the auto manufacturer’s stock worth $250,000 after purchasing an additional 6,669 shares in the last quarter. Ninety One UK Ltd purchased a new position in Ford Motor during the 4th quarter worth approximately $1,319,000. Twin Capital Management Inc. grew its position in Ford Motor by 41.1% during the 4th quarter. Twin Capital Management Inc. now owns 146,410 shares of the auto manufacturer’s stock worth $1,785,000 after purchasing an additional 42,651 shares in the last quarter. Finally, Wright Investors Service Inc. grew its holdings in shares of Ford Motor by 67.7% during the 4th quarter. Wright Investors Service Inc. now owns 31,456 shares of the auto manufacturer’s stock valued at $383,000 after acquiring an additional 12,699 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on F shares. Piper Sandler started coverage on Ford Motor in a report on Friday, March 15th. They issued 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 target price for the company. in a research note on Wednesday, January 17th. Citigroup lifted their target price 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 reiterated a “sector perform” rating and issued a $12.00 target price on shares of Ford Motor in a research note on Wednesday, February 7th. Finally, Redburn Atlantic initiated coverage on shares of Ford Motor in a research note on Wednesday, January 24th. They issued a “sell” rating and a $10.00 target price for the company. One investment 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. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $13.82.

Ford Motor Stock Performance

Ford Motor stock traded up $0.03 during mid-day trading on Thursday, hitting $12.07. 39,807,940 shares of the company’s stock traded hands, compared to its average volume of 53,243,727. 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. The stock has a market cap of $47.94 billion, a price-to-earnings ratio of 11.15, a P/E/G ratio of 0.96 and a beta of 1.63. The firm has a 50 day simple moving average of $12.61 and a two-hundred day simple moving average of $11.76.

Ford Motor (NYSE:F) last released its earnings results 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 return on equity of 18.95% and a net margin of 2.47%. The firm had revenue of $43.21 billion for the quarter, compared to analysts’ expectations of $43.06 billion. During the same quarter in the previous year, the business posted $0.51 earnings per share. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, research analysts expect that Ford Motor will post 1.9 EPS for the current fiscal year.

Ford Motor Announces Dividend

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

Insider Activity

In related news, CAO Mark Kosman sold 26,898 shares of Ford Motor stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total value of $337,031.94. Following the transaction, 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 SEC, which is available through this hyperlink. Insiders own 0.80% of the company’s stock.

Ford Motor 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.