Cookson Peirce & Co. Inc. Takes Position in Ford Motor Company $F

Cookson Peirce & Co. Inc. acquired a new stake in shares of Ford Motor Company (NYSE:F) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 66,769 shares of the auto manufacturer’s stock, valued at approximately $799,000.

A number of other institutional investors and hedge funds have also bought and sold shares of F. Caxton Associates LLP bought a new stake in shares of Ford Motor during the first quarter worth about $304,000. Empowered Funds LLC boosted its position in Ford Motor by 41.6% during the 1st quarter. Empowered Funds LLC now owns 147,760 shares of the auto manufacturer’s stock worth $1,482,000 after buying an additional 43,385 shares during the period. MGO One Seven LLC grew its holdings in Ford Motor by 74.7% during the 2nd quarter. MGO One Seven LLC now owns 91,275 shares of the auto manufacturer’s stock worth $990,000 after acquiring an additional 39,041 shares during the last quarter. TD Asset Management Inc grew its holdings in Ford Motor by 2.5% during the 2nd quarter. TD Asset Management Inc now owns 1,734,334 shares of the auto manufacturer’s stock worth $18,818,000 after acquiring an additional 41,715 shares during the last quarter. Finally, Sagespring Wealth Partners LLC increased its position in Ford Motor by 49.8% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 53,157 shares of the auto manufacturer’s stock valued at $577,000 after acquiring an additional 17,666 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Performance

Shares of Ford Motor stock opened at $14.10 on Friday. The business has a 50-day moving average price of $13.62 and a two-hundred day moving average price of $12.66. Ford Motor Company has a 1-year low of $8.44 and a 1-year high of $14.50. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.95. The company has a market cap of $56.16 billion, a P/E ratio of -6.84, a PEG ratio of 5.93 and a beta of 1.66.

Ford Motor (NYSE:F) last announced its earnings results on Tuesday, February 10th. The auto manufacturer reported $0.13 EPS for the quarter, beating the consensus estimate of $0.06 by $0.07. Ford Motor had a positive return on equity of 10.16% and a negative net margin of 4.37%.The company had revenue of $45.89 billion for the quarter, compared to analyst estimates of $41.78 billion. During the same quarter in the prior year, the company earned $0.39 EPS. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. As a group, analysts anticipate that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 13th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.60 annualized dividend and a dividend yield of 4.3%. Ford Motor’s dividend payout ratio (DPR) is -29.13%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on F shares. Zacks Research upgraded shares of Ford Motor from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. TD Cowen raised their target price on Ford Motor from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Tuesday, January 13th. Citigroup lifted their target price on Ford Motor from $11.00 to $13.50 and gave the stock a “neutral” rating in a report on Monday, October 27th. Wall Street Zen lowered Ford Motor from a “buy” rating to a “sell” rating in a research report on Saturday. Finally, Wells Fargo & Company raised their price objective on Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Ford Motor presently has an average rating of “Hold” and a consensus target price of $13.02.

Ford Motor Company Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.