TAP Consulting LLC Raises Stake in Ford Motor (NYSE:F)

TAP Consulting LLC boosted its holdings in shares of Ford Motor (NYSE:F) by 7.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 30,985 shares of the auto manufacturer’s stock after purchasing an additional 2,214 shares during the period. TAP Consulting LLC’s holdings in Ford Motor were worth $378,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Ford Motor by 835.9% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock valued at $25,000 after acquiring an additional 1,839 shares in the last quarter. Milestone Investment Advisors LLC purchased a new stake in shares of Ford Motor in the third quarter valued at about $27,000. Peoples Bank KS purchased a new stake in shares of Ford Motor in the third quarter valued at about $29,000. Provence Wealth Management Group purchased a new stake in shares of Ford Motor in the third quarter valued at about $31,000. Finally, Headinvest LLC purchased a new stake in shares of Ford Motor in the third quarter valued at about $31,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Morgan Stanley lifted their target price on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Citigroup raised their price objective 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. UBS Group upped their price target on shares of Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday. Barclays upped their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Finally, Royal Bank of Canada upped their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a research note on Thursday. One 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. According to data from MarketBeat.com, Ford Motor has a consensus rating of “Hold” and a consensus price target of $14.02.

Insider Transactions at Ford Motor

In other news, CAO Mark Kosman sold 26,898 shares of the 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 completion of the sale, the chief accounting officer now owns 7,102 shares of the company’s stock, valued at $88,988.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.80% of the company’s stock.

Ford Motor Trading Down 2.1 %

F stock traded down $0.27 on Friday, hitting $12.77. 57,211,591 shares of the company were exchanged, compared to its average volume of 54,332,313. Ford Motor has a twelve month low of $9.63 and a twelve month high of $15.42. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.20 and a quick ratio of 1.04. The business’s fifty day moving average is $12.61 and its two-hundred day moving average is $11.79. The stock has a market capitalization of $50.74 billion, a price-to-earnings ratio of 13.16, a price-to-earnings-growth ratio of 1.02 and a beta of 1.63.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 EPS for the quarter, topping the consensus estimate of $0.42 by $0.07. Ford Motor had a net margin of 2.21% and a return on equity of 17.56%. The firm had revenue of $42.78 billion during the quarter, compared to analyst estimates of $42.93 billion. During the same quarter in the prior year, the business posted $0.63 earnings per share. Ford Motor’s revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, research analysts forecast that Ford Motor will post 1.9 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 8th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.70%. 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.