Northwestern Mutual Wealth Management Co. Acquires 3,783 Shares of Ford Motor (NYSE:F)

Northwestern Mutual Wealth Management Co. boosted its stake in shares of Ford Motor (NYSE:F) by 1.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 208,661 shares of the auto manufacturer’s stock after acquiring an additional 3,783 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Ford Motor were worth $1,832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of F. Geode Capital Management LLC raised its position in shares of Ford Motor by 8.2% in the 4th quarter. Geode Capital Management LLC now owns 52,343,847 shares of the auto manufacturer’s stock worth $399,887,000 after acquiring an additional 3,950,938 shares in the last quarter. Pzena Investment Management LLC raised its position in shares of Ford Motor by 5.3% in the 4th quarter. Pzena Investment Management LLC now owns 42,974,503 shares of the auto manufacturer’s stock worth $328,755,000 after acquiring an additional 2,169,719 shares in the last quarter. Northern Trust Corp raised its position in shares of Ford Motor by 3.6% in the 4th quarter. Northern Trust Corp now owns 42,006,725 shares of the auto manufacturer’s stock worth $321,352,000 after acquiring an additional 1,474,637 shares in the last quarter. Legal & General Group Plc raised its position in shares of Ford Motor by 5.7% in the 4th quarter. Legal & General Group Plc now owns 22,619,672 shares of the auto manufacturer’s stock worth $173,065,000 after acquiring an additional 1,210,042 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Ford Motor in the 4th quarter worth approximately $161,692,000. Institutional investors own 52.37% of the company’s stock.

NYSE:F traded up $0.09 on Tuesday, reaching $9.91. 388,577 shares of the company’s stock traded hands, compared to its average volume of 33,467,092. The company has a quick ratio of 1.10, a current ratio of 1.22 and a debt-to-equity ratio of 2.82. The stock has a market cap of $38.94 billion, a PE ratio of 7.61, a P/E/G ratio of 0.97 and a beta of 1.13. Ford Motor has a 12 month low of $7.41 and a 12 month high of $12.15.

Ford Motor (NYSE:F) last issued its earnings results on Thursday, April 25th. The auto manufacturer reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.18. The firm had revenue of $40.34 billion for the quarter, compared to analysts’ expectations of $37.37 billion. Ford Motor had a return on equity of 14.41% and a net margin of 1.94%. The business’s revenue was down 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.43 earnings per share. Sell-side analysts anticipate that Ford Motor will post 1.38 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, April 24th were given a $0.15 dividend. The ex-dividend date was Tuesday, April 23rd. This represents a $0.60 annualized dividend and a yield of 6.05%. Ford Motor’s dividend payout ratio is currently 46.15%.

In other Ford Motor news, CEO James P. Hackett sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $9.61, for a total transaction of $192,200.00. Following the completion of the transaction, the chief executive officer now owns 214,575 shares in the company, valued at $2,062,065.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John L. Thornton bought 10,200 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were acquired at an average price of $9.81 per share, with a total value of $100,062.00. Following the transaction, the director now directly owns 197,290 shares of the company’s stock, valued at $1,935,414.90. The disclosure for this purchase can be found here. Company insiders own 0.83% of the company’s stock.

F has been the topic of several recent research reports. Seaport Global Securities initiated coverage on Ford Motor in a research note on Wednesday, February 13th. They issued a “neutral” rating and a $8.46 price target on the stock. They noted that the move was a valuation call. ValuEngine upgraded Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. Nomura downgraded Ford Motor from a “neutral” rating to a “reduce” rating and cut their price target for the stock from $8.20 to $7.50 in a research note on Friday, April 5th. Citigroup restated a “reduce” rating on shares of Ford Motor in a research note on Wednesday, April 10th. Finally, Morgan Stanley set a $10.00 price target on Ford Motor and gave the stock a “hold” rating in a research note on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Ford Motor has a consensus rating of “Hold” and an average price target of $10.48.

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Ford Motor Profile

Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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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