Pointe Capital Management LLC Buys Shares of 28,509 Ford Motor (NYSE:F)

Pointe Capital Management LLC purchased a new position in Ford Motor (NYSE:F) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 28,509 shares of the auto manufacturer’s stock, valued at approximately $348,000.

Several other large investors also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Ford Motor by 835.9% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock valued at $25,000 after purchasing an additional 1,839 shares during the period. Milestone Investment Advisors LLC purchased a new position in shares of Ford Motor in the third quarter worth approximately $27,000. Peoples Bank KS bought a new stake in Ford Motor during the third quarter valued at approximately $29,000. Provence Wealth Management Group purchased a new stake in Ford Motor during the third quarter valued at approximately $31,000. Finally, Headinvest LLC bought a new position in Ford Motor in the third quarter worth approximately $31,000. Institutional investors own 58.74% of the company’s stock.

Insider Buying and Selling at Ford Motor

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of the stock in a transaction 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 sale, the chief accounting officer now owns 7,102 shares in the company, valued at $88,988.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Citigroup upped their price objective on Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday. Piper Sandler initiated coverage on Ford Motor in a research note on Friday, March 15th. They issued a “neutral” rating and a $13.00 price objective on the stock. Barclays lifted their price objective on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. UBS Group raised their target price on shares of Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Finally, Redburn Atlantic assumed coverage on shares of Ford Motor in a research report on Wednesday, January 24th. They issued a “sell” rating and a $10.00 price target for the company. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Ford Motor currently has a consensus rating of “Hold” and an average target price of $13.74.

Ford Motor Price Performance

Shares of F stock traded down $0.06 during trading hours on Friday, hitting $12.43. The stock had a trading volume of 47,463,317 shares, compared to its average volume of 54,173,800. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.17 and a quick ratio of 0.99. The stock has a market capitalization of $49.39 billion, a price-to-earnings ratio of 12.81, a PEG ratio of 0.84 and a beta of 1.61. Ford Motor has a one year low of $9.63 and a one year high of $15.42. The stock’s 50-day moving average price is $12.64 and its two-hundred day moving average price is $11.80.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The business had revenue of $42.78 billion during the quarter, compared to analysts’ expectations of $42.93 billion. During the same period last year, the company posted $0.63 EPS. The business’s revenue was up 3.1% on a year-over-year basis. Equities analysts forecast that Ford Motor will post 1.94 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 8th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.83%. The ex-dividend date of this dividend is Tuesday, May 7th. Ford Motor’s payout ratio is currently 61.86%.

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.