Independence Bank of Kentucky Buys 10,000 Shares of Ford Motor (NYSE:F)

Independence Bank of Kentucky increased its stake in shares of Ford Motor (NYSE:FFree Report) by 43.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,975 shares of the auto manufacturer’s stock after buying an additional 10,000 shares during the period. Independence Bank of Kentucky’s holdings in Ford Motor were worth $402,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in 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 worth $25,000 after acquiring an additional 1,839 shares during the period. Milestone Investment Advisors LLC bought a new stake in Ford Motor in the 3rd quarter valued at about $27,000. Quarry LP purchased a new stake in Ford Motor during the second quarter valued at about $28,000. Peoples Bank KS bought a new position in Ford Motor during the third quarter worth about $29,000. Finally, Fairfield Bush & CO. purchased a new position in shares of Ford Motor in the second quarter worth about $29,000. Institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Performance

NYSE F opened at $13.30 on Wednesday. The company has a market capitalization of $52.83 billion, a P/E ratio of 12.31, a P/E/G ratio of 1.06 and a beta of 1.63. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.04 and a current ratio of 1.20. Ford Motor has a 52-week low of $9.63 and a 52-week high of $15.42. The company has a fifty day moving average of $12.32 and a 200-day moving average of $11.71.

Ford Motor (NYSE:FGet Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The auto manufacturer reported $0.29 EPS for the quarter, beating the consensus estimate of $0.12 by $0.17. The firm had revenue of $43.21 billion for the quarter, compared to analyst estimates of $43.06 billion. Ford Motor had a return on equity of 18.95% and a net margin of 2.47%. The company’s revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.51 EPS. As a group, equities research analysts predict that Ford Motor will post 1.88 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently disclosed a Variable dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were issued a $0.33 dividend. The ex-dividend date was Thursday, February 15th. This represents a dividend yield of 4.7%. 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 on Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total value of $337,031.94. Following the transaction, the chief accounting officer now owns 7,102 shares in the company, valued at approximately $88,988.06. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

F has been the subject of several analyst reports. Barclays raised their price objective on shares of Ford Motor from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Citigroup raised their price target on Ford Motor from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. UBS Group lowered Ford Motor from a “buy” rating to a “neutral” rating and set a $12.00 price objective on the stock. in a research note on Wednesday, January 17th. Redburn Atlantic initiated coverage on Ford Motor in a research note on Wednesday, January 24th. They issued a “sell” rating and a $10.00 target price for the company. Finally, Piper Sandler began coverage on Ford Motor in a report on Friday, March 15th. They set a “neutral” rating and a $13.00 target price for the company. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.75.

Read Our Latest Stock Analysis on F

Ford Motor Company Profile

(Free Report)

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.

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

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