Korea Investment CORP Has $19.86 Million Position in Ford Motor Company $F

Korea Investment CORP grew its stake in shares of Ford Motor Company (NYSE:F) by 10.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,979,848 shares of the auto manufacturer’s stock after acquiring an additional 180,946 shares during the period. Korea Investment CORP’s holdings in Ford Motor were worth $19,858,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Grove Bank & Trust grew its holdings in shares of Ford Motor by 289.1% during the 1st quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer’s stock valued at $25,000 after acquiring an additional 1,882 shares in the last quarter. Elite Financial Inc. purchased a new position in shares of Ford Motor during the 1st quarter valued at $27,000. Olde Wealth Management LLC purchased a new position in shares of Ford Motor during the 1st quarter valued at $28,000. MorganRosel Wealth Management LLC purchased a new position in shares of Ford Motor during the 1st quarter valued at $30,000. Finally, Spurstone Advisory Services LLC purchased a new position in shares of Ford Motor during the 4th quarter valued at $31,000. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Stock Performance

Shares of F opened at $11.4950 on Thursday. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.10 and a quick ratio of 0.95. Ford Motor Company has a one year low of $8.44 and a one year high of $11.97. The company’s fifty day moving average price is $11.18 and its 200 day moving average price is $10.32. The company has a market capitalization of $45.75 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 3.35 and a beta of 1.48.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The company had revenue of $50.18 billion during the quarter, compared to analysts’ expectations of $42.91 billion. During the same period in the prior year, the company earned $0.47 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, analysts expect that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Monday, August 11th. Ford Motor’s dividend payout ratio is 76.92%.

Insider Transactions at Ford Motor

In other Ford Motor news, insider Andrew Frick sold 30,000 shares of the company’s stock in a transaction dated 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 directly owned 113,939 shares in the company, valued at $1,253,329. This represents a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.48% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

F has been the topic of several research analyst reports. Royal Bank Of Canada boosted their price target on shares of Ford Motor from $10.00 to $11.00 and gave the company a “sector perform” rating in a report on Tuesday, August 5th. Wolfe Research upgraded shares of 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 shares of Ford Motor from $9.00 to $11.00 and gave the stock a “neutral” rating in a report on Monday, July 14th. Citigroup upped their price objective on shares of Ford Motor from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the stock an “overweight” rating in a report on Monday, July 21st. Two research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $10.53.

Ford Motor 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.