Cerity Partners LLC Purchases 449,604 Shares of Ford Motor (NYSE:F)

Cerity Partners LLC raised its position in shares of Ford Motor (NYSE:F) by 287.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 606,057 shares of the auto manufacturer’s stock after acquiring an additional 449,604 shares during the period. Cerity Partners LLC’s holdings in Ford Motor were worth $7,388,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of F. RB Capital Management LLC lifted its stake in Ford Motor by 14.6% in the first quarter. RB Capital Management LLC now owns 27,339 shares of the auto manufacturer’s stock worth $462,000 after acquiring an additional 3,477 shares during the period. Fairfield Bush & CO. purchased a new stake in Ford Motor in the first quarter worth about $37,000. Synovus Financial Corp lifted its stake in Ford Motor by 275.4% in the first quarter. Synovus Financial Corp now owns 111,481 shares of the auto manufacturer’s stock worth $1,886,000 after acquiring an additional 81,783 shares during the period. Blair William & Co. IL lifted its stake in Ford Motor by 17.3% in the first quarter. Blair William & Co. IL now owns 325,778 shares of the auto manufacturer’s stock worth $5,509,000 after acquiring an additional 47,959 shares during the period. Finally, Canada Pension Plan Investment Board lifted its stake in Ford Motor by 3.0% in the first quarter. Canada Pension Plan Investment Board now owns 564,002 shares of the auto manufacturer’s stock worth $9,537,000 after acquiring an additional 16,498 shares during the period. Institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Performance

F opened at $12.23 on Tuesday. Ford Motor has a 52-week low of $9.63 and a 52-week high of $15.42. The company has a quick ratio of 1.04, a current ratio of 1.20 and a debt-to-equity ratio of 2.33. The company has a market cap of $48.60 billion, a P/E 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 price is $12.63 and its 200-day moving average price is $11.76.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Tuesday, February 6th. The auto manufacturer reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.17. Ford Motor had a net margin of 2.47% and a return on equity of 18.95%. The company had revenue of $43.21 billion for the quarter, compared to the consensus estimate of $43.06 billion. During the same quarter in the prior year, the company earned $0.51 EPS. Ford Motor’s quarterly revenue was up 3.5% on a year-over-year basis. As a group, equities analysts anticipate that Ford Motor will post 1.9 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently declared 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 of this dividend was Thursday, February 15th. This represents a yield of 4.7%. Ford Motor’s dividend payout ratio (DPR) is presently 55.56%.

Insider Buying and Selling

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 transaction, the chief accounting officer now owns 7,102 shares in the company, valued at approximately $88,988.06. The sale was disclosed in a filing with the SEC, which is available through this link. 0.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on F. Redburn Atlantic started coverage on shares of Ford Motor in a research note on Wednesday, January 24th. They issued a “sell” rating and a $10.00 price objective for the company. Piper Sandler started coverage on shares of Ford Motor in a research report on Friday, March 15th. They set a “neutral” rating and a $13.00 price target for the company. Barclays increased 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 Thursday, April 11th. Morgan Stanley increased 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. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $12.00 price target on shares of Ford Motor in a research report on Wednesday, February 7th. One 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 MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $13.82.

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.