Allspring Global Investments Holdings LLC Has $14.61 Million Stake in Ford Motor (NYSE:F)

Allspring Global Investments Holdings LLC grew its holdings in Ford Motor (NYSE:F) by 14.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,198,136 shares of the auto manufacturer’s stock after purchasing an additional 147,928 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Ford Motor were worth $14,605,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in F. Meridian Wealth Management LLC grew its position in Ford Motor by 86.4% during the third quarter. Meridian Wealth Management LLC now owns 657,842 shares of the auto manufacturer’s stock worth $8,170,000 after buying an additional 304,923 shares in the last quarter. Pearl River Capital LLC increased its holdings in Ford Motor by 174.2% in the 3rd quarter. Pearl River Capital LLC now owns 332,161 shares of the auto manufacturer’s stock valued at $4,125,000 after buying an additional 211,037 shares during the period. TIAA Trust National Association acquired a new position in shares of Ford Motor in the 3rd quarter valued at $1,104,000. Mackenzie Financial Corp lifted its stake in Ford Motor by 110.5% during the third quarter. Mackenzie Financial Corp now owns 700,928 shares of the auto manufacturer’s stock worth $8,460,000 after purchasing an additional 367,977 shares during the period. Finally, Axxcess Wealth Management LLC boosted its stake in Ford Motor by 616.0% in the 3rd quarter. Axxcess Wealth Management LLC now owns 300,951 shares of the auto manufacturer’s stock valued at $3,738,000 after buying an additional 258,920 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Stock Down 3.0 %

Shares of NYSE F opened at $12.23 on Tuesday. The company has a current ratio of 1.20, a quick ratio of 1.04 and a debt-to-equity ratio of 2.33. The firm has a market capitalization of $48.60 billion, a PE ratio of 11.32, a price-to-earnings-growth ratio of 1.00 and a beta of 1.63. The firm’s 50-day moving average is $12.63 and its 200-day moving average is $11.76. Ford Motor has a 1 year low of $9.63 and a 1 year high of $15.42.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Tuesday, February 6th. The auto manufacturer reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.17. The firm had revenue of $43.21 billion for the quarter, compared to analysts’ expectations of $43.06 billion. Ford Motor had a net margin of 2.47% and a return on equity of 18.95%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period last year, the firm earned $0.51 earnings per share. Equities analysts expect that Ford Motor will post 1.9 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently disclosed a Variable dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were issued a $0.33 dividend. The ex-dividend date was Thursday, February 15th. This represents a yield of 4.7%. Ford Motor’s dividend payout ratio is presently 55.56%.

Wall Street Analyst Weigh In

F has been the subject of a number of analyst reports. Barclays lifted their price objective on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Morgan Stanley boosted their price target on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Piper Sandler initiated coverage on shares of Ford Motor in a research note on Friday, March 15th. They set a “neutral” rating and a $13.00 price objective on the stock. Redburn Atlantic began coverage on Ford Motor in a report on Wednesday, January 24th. They issued a “sell” rating and a $10.00 target price on the stock. Finally, UBS Group cut Ford Motor from a “buy” rating to a “neutral” rating and set a $12.00 price target for the company. in a report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $13.82.

Insider Buying and Selling at Ford Motor

In related news, CAO Mark Kosman sold 26,898 shares of the stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 7,102 shares in the company, valued at approximately $88,988.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.40% of the company’s stock.

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.