Summit Global Investments Has $414,000 Stake in Ford Motor (NYSE:F)

Summit Global Investments raised its stake in Ford Motor (NYSE:F) by 24.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 41,798 shares of the auto manufacturer’s stock after buying an additional 8,209 shares during the period. Summit Global Investments’ holdings in Ford Motor were worth $414,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quest Partners LLC bought a new position in Ford Motor during the third quarter worth $96,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Ford Motor in the 3rd quarter worth about $186,000. Landscape Capital Management L.L.C. acquired a new position in shares of Ford Motor in the 3rd quarter valued at about $423,000. Nwam LLC bought a new stake in shares of Ford Motor during the 3rd quarter valued at about $383,000. Finally, Nicolet Advisory Services LLC grew its stake in Ford Motor by 78.4% during the third quarter. Nicolet Advisory Services LLC now owns 28,246 shares of the auto manufacturer’s stock worth $295,000 after purchasing an additional 12,409 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Up 2.4 %

F stock opened at $10.25 on Tuesday. Ford Motor has a fifty-two week low of $9.06 and a fifty-two week high of $14.85. The stock has a fifty day moving average of $9.75 and a 200-day moving average of $10.29. The company has a market capitalization of $40.61 billion, a price-to-earnings ratio of 7.02, a PEG ratio of 0.61 and a beta of 1.59. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. As a group, equities research analysts predict that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a yield of 5.86%. Ford Motor’s payout ratio is 41.10%.

Analyst Upgrades and Downgrades

F has been the topic of several recent analyst reports. Royal Bank of Canada dropped their price target on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. Wells Fargo & Company dropped their price objective on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Thursday, February 6th. TD Cowen initiated coverage on shares of Ford Motor in a research report on Friday, March 7th. They set a “hold” rating and a $10.00 target price for the company. Piper Sandler dropped their price target on shares of Ford Motor from $13.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, March 20th. Finally, Barclays lowered Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $13.00 to $11.00 in a report on Wednesday, January 22nd. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $11.50.

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.