145,893 Shares in Ford Motor Company $F Bought by Allstate Corp

Allstate Corp acquired a new stake in shares of Ford Motor Company (NYSE:F) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 145,893 shares of the auto manufacturer’s stock, valued at approximately $1,745,000.

A number of other hedge funds have also recently bought and sold shares of the company. Trust Co. of Toledo NA OH purchased a new position in Ford Motor during the second quarter worth about $25,000. Corsicana & Co. bought a new position in shares of Ford Motor during the 3rd quarter worth approximately $25,000. Country Trust Bank bought a new position in shares of Ford Motor during the 2nd quarter worth approximately $27,000. Capital A Wealth Management LLC boosted its stake in shares of Ford Motor by 990.9% in the 2nd quarter. Capital A Wealth Management LLC now owns 2,509 shares of the auto manufacturer’s stock worth $27,000 after buying an additional 2,279 shares during the last quarter. Finally, Atlantic Union Bankshares Corp bought a new position in shares of Ford Motor in the second quarter valued at approximately $30,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Trading Down 2.4%

Ford Motor stock opened at $13.28 on Wednesday. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.98 and a current ratio of 1.12. Ford Motor Company has a fifty-two week low of $8.44 and a fifty-two week high of $14.50. The stock has a market cap of $52.89 billion, a P/E ratio of 11.44 and a beta of 1.62. The firm’s fifty day moving average price is $13.36 and its 200-day moving average price is $12.38.

Ford Motor (NYSE:F) last posted its earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 EPS for the quarter, topping the consensus estimate of $0.38 by $0.07. The business had revenue of $50.53 billion during the quarter, compared to analysts’ expectations of $43.08 billion. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.The firm’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.49 earnings per share. Equities research analysts forecast that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 7th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Friday, November 7th. Ford Motor’s payout ratio is currently 51.72%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group lifted their target price on Ford Motor from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, September 29th. Citigroup increased their price target on shares of Ford Motor from $11.00 to $13.50 and gave the company a “neutral” rating in a research report on Monday, October 27th. Evercore ISI lifted their price objective on shares of Ford Motor from $12.00 to $14.00 and gave the stock an “in-line” rating in a research report on Monday, December 22nd. UBS Group boosted their target price on shares of Ford Motor from $12.50 to $15.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Finally, Jefferies Financial Group raised Ford Motor from an “underperform” rating to a “hold” rating and increased their price objective for the company from $9.00 to $12.00 in a report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $13.05.

Ford Motor 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.