Malaga Cove Capital LLC Boosts Stake in Ford Motor (NYSE:F)

Malaga Cove Capital LLC raised its position in Ford Motor (NYSE:F) by 187.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,817 shares of the auto manufacturer’s stock after purchasing an additional 22,689 shares during the quarter. Malaga Cove Capital LLC’s holdings in Ford Motor were worth $424,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bigelow Investment Advisors LLC lifted its holdings in shares of Ford Motor by 4.9% during the 4th quarter. Bigelow Investment Advisors LLC now owns 19,354 shares of the auto manufacturer’s stock valued at $236,000 after buying an additional 908 shares during the last quarter. Sage Mountain Advisors LLC grew its position in Ford Motor by 7.1% in the third quarter. Sage Mountain Advisors LLC now owns 13,825 shares of the auto manufacturer’s stock worth $172,000 after acquiring an additional 919 shares in the last quarter. Strategic Investment Advisors MI increased its stake in shares of Ford Motor by 1.7% during the 3rd quarter. Strategic Investment Advisors MI now owns 56,039 shares of the auto manufacturer’s stock worth $696,000 after purchasing an additional 921 shares during the last quarter. North Star Asset Management Inc. raised its holdings in shares of Ford Motor by 8.9% during the 4th quarter. North Star Asset Management Inc. now owns 11,838 shares of the auto manufacturer’s stock valued at $144,000 after purchasing an additional 971 shares in the last quarter. Finally, Birmingham Capital Management Co. Inc. AL raised its holdings in shares of Ford Motor by 8.5% during the 3rd quarter. Birmingham Capital Management Co. Inc. AL now owns 12,700 shares of the auto manufacturer’s stock valued at $158,000 after purchasing an additional 1,000 shares in the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Ford Motor

In related news, CAO Mark Kosman sold 26,898 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total transaction of $337,031.94. Following the sale, the chief accounting officer now owns 7,102 shares of the company’s stock, valued at approximately $88,988.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.80% of the company’s stock.

Ford Motor Trading Down 0.5 %

Ford Motor stock traded down $0.06 during mid-day trading 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 stock has a market capitalization of $49.39 billion, a PE ratio of 12.81, a P/E/G ratio of 0.84 and a beta of 1.61. Ford Motor has a 12 month low of $9.63 and a 12 month high of $15.42. The company has a current ratio of 1.17, a quick ratio of 0.99 and a debt-to-equity ratio of 2.32. The stock has a 50-day simple moving average of $12.64 and a two-hundred day simple moving average of $11.80.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.07. The firm had revenue of $42.78 billion for the quarter, compared to analysts’ expectations of $42.93 billion. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the firm earned $0.63 earnings per share. As a group, sell-side 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. Investors of record on Wednesday, May 8th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date is Tuesday, May 7th. Ford Motor’s dividend payout ratio is currently 61.86%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on F. Royal Bank of Canada upped their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a report on Thursday, April 25th. Piper Sandler initiated coverage on Ford Motor in a research note on Friday, March 15th. They set a “neutral” rating and a $13.00 target price for the company. Citigroup raised their price target on shares of Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday. Redburn Atlantic began coverage on shares of Ford Motor in a research report on Wednesday, January 24th. They set a “sell” rating and a $10.00 price objective for the company. Finally, UBS Group lifted their target price on Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. One 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. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $13.74.

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.