Midwest Heritage Bank FSB Invests $137,000 in Ford Motor Company (NYSE:F)

Midwest Heritage Bank FSB acquired a new stake in Ford Motor Company (NYSE:F) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 13,668 shares of the auto manufacturer’s stock, valued at approximately $137,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Proficio Capital Partners LLC boosted its stake in shares of Ford Motor by 10.1% during the 4th quarter. Proficio Capital Partners LLC now owns 12,118 shares of the auto manufacturer’s stock worth $120,000 after acquiring an additional 1,112 shares in the last quarter. Axxcess Wealth Management LLC lifted its position in shares of Ford Motor by 7.1% in the fourth quarter. Axxcess Wealth Management LLC now owns 126,526 shares of the auto manufacturer’s stock valued at $1,253,000 after acquiring an additional 8,338 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Ford Motor by 42.3% in the fourth quarter. Advisors Asset Management Inc. now owns 414,857 shares of the auto manufacturer’s stock valued at $4,107,000 after acquiring an additional 123,223 shares in the last quarter. Horizon Investments LLC lifted its position in shares of Ford Motor by 2.3% in the fourth quarter. Horizon Investments LLC now owns 136,086 shares of the auto manufacturer’s stock valued at $1,347,000 after acquiring an additional 3,066 shares in the last quarter. Finally, Xponance Inc. lifted its position in shares of Ford Motor by 5.8% in the fourth quarter. Xponance Inc. now owns 585,549 shares of the auto manufacturer’s stock valued at $5,797,000 after acquiring an additional 32,146 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Price Performance

Shares of Ford Motor stock opened at $11.17 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.26. The stock has a market capitalization of $44.41 billion, a price-to-earnings ratio of 8.93, a P/E/G ratio of 0.97 and a beta of 1.49. Ford Motor Company has a 1-year low of $8.44 and a 1-year high of $14.85. The firm’s 50-day moving average price is $10.79 and its two-hundred day moving average price is $10.11.

Ford Motor (NYSE:F) last announced its earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.16. Ford Motor had a net margin of 2.74% and a return on equity of 13.49%. The company had revenue of $40.66 billion for the quarter, compared to analyst estimates of $35.99 billion. During the same period in the prior year, the business earned $0.49 earnings per share. Ford Motor’s quarterly revenue was down 6.2% on a year-over-year basis. On average, equities analysts predict that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 12th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.37%. The ex-dividend date of this dividend was Monday, May 12th. Ford Motor’s dividend payout ratio is 48.00%.

Insider Activity

In other news, insider Andrew Frick sold 30,000 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $11.00, for a total transaction of $330,000.00. Following the completion of the sale, the insider owned 113,939 shares of the company’s stock, valued at $1,253,329. This represents a 20.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.48% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on F. The Goldman Sachs Group upped their price objective on Ford Motor from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Tuesday, May 6th. Wolfe Research upgraded Ford Motor from an “underperform” rating to a “peer perform” rating in a report on Wednesday, April 30th. UBS Group upped their price objective on Ford Motor from $9.00 to $11.00 and gave the stock a “neutral” rating in a report on Monday. Piper Sandler upped their price objective on Ford Motor from $8.50 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, May 22nd. Finally, Citigroup upped their price objective on Ford Motor from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, May 7th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $10.30.

About Ford Motor

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.