KG&L Capital Management LLC grew its position in shares of Ford Motor (NYSE:F) by 41.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 65,588 shares of the auto manufacturer’s stock after purchasing an additional 19,241 shares during the quarter. KG&L Capital Management LLC’s holdings in Ford Motor were worth $600,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in F. Vanguard Group Inc. lifted its holdings in Ford Motor by 1.3% in the second quarter. Vanguard Group Inc. now owns 301,331,027 shares of the auto manufacturer’s stock worth $3,082,617,000 after purchasing an additional 3,946,570 shares during the period. Northern Trust Corp lifted its holdings in Ford Motor by 2.8% in the second quarter. Northern Trust Corp now owns 43,617,641 shares of the auto manufacturer’s stock worth $446,209,000 after purchasing an additional 1,205,035 shares during the period. Bank of New York Mellon Corp lifted its holdings in Ford Motor by 1.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 32,964,458 shares of the auto manufacturer’s stock valued at $337,227,000 after acquiring an additional 348,271 shares during the last quarter. Invesco Ltd. lifted its holdings in Ford Motor by 19.7% in the 2nd quarter. Invesco Ltd. now owns 30,504,964 shares of the auto manufacturer’s stock valued at $312,066,000 after acquiring an additional 5,021,901 shares during the last quarter. Finally, LSV Asset Management lifted its holdings in Ford Motor by 12.9% in the 2nd quarter. LSV Asset Management now owns 27,852,963 shares of the auto manufacturer’s stock valued at $284,935,000 after acquiring an additional 3,176,786 shares during the last quarter. 53.78% of the stock is owned by institutional investors.
NYSE F traded up $0.16 on Friday, hitting $8.78. 1,264,979 shares of the company were exchanged, compared to its average volume of 33,180,516. The company’s 50 day moving average price is $9.07 and its 200-day moving average price is $9.58. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.20 and a quick ratio of 1.08. The firm has a market capitalization of $35.14 billion, a P/E ratio of 6.79, a price-to-earnings-growth ratio of 0.93 and a beta of 1.10. Ford Motor has a twelve month low of $7.41 and a twelve month high of $10.56.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, October 22nd will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 6.83%. Ford Motor’s payout ratio is presently 46.15%.
A number of equities research analysts have weighed in on F shares. Bank of America downgraded shares of Ford Motor to a “buy” rating and set a $13.00 price target for the company. in a report on Tuesday, September 10th. Credit Suisse Group downgraded shares of Ford Motor to an “outperform” rating and set a $12.00 price target for the company. in a report on Wednesday, September 11th. ValuEngine raised shares of Ford Motor from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Goldman Sachs Group set a $13.00 price target on shares of Ford Motor and gave the company a “buy” rating in a report on Thursday, June 13th. Finally, Morgan Stanley set a $12.00 price target on shares of Ford Motor and gave the company a “buy” rating in a report on Friday, September 27th. Four analysts have rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $10.30.
In related news, Chairman William Clay Ford, Jr. acquired 840,962 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were purchased at an average price of $9.51 per share, for a total transaction of $7,997,548.62. Following the acquisition, the chairman now owns 1,100,617 shares in the company, valued at $10,466,867.67. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Kiersten Robinson sold 15,000 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $10.50, for a total value of $157,500.00. Following the sale, the insider now owns 51,027 shares in the company, valued at approximately $535,783.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 145,000 shares of company stock worth $1,355,250. Corporate insiders own 0.83% of the company’s stock.
About Ford Motor
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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