Allstate Corp Makes New $1.15 Million Investment in Ford Motor (NYSE:F)

Allstate Corp purchased a new stake in Ford Motor (NYSE:F - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 116,116 shares of the auto manufacturer's stock, valued at approximately $1,150,000.

Several other institutional investors also recently made changes to their positions in F. Maridea Wealth Management LLC purchased a new stake in shares of Ford Motor during the 4th quarter worth about $140,000. RiverFront Investment Group LLC grew its stake in Ford Motor by 10.6% during the fourth quarter. RiverFront Investment Group LLC now owns 22,023 shares of the auto manufacturer's stock worth $218,000 after buying an additional 2,116 shares during the period. Pictet Asset Management Holding SA grew its stake in Ford Motor by 0.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,803,944 shares of the auto manufacturer's stock worth $17,859,000 after buying an additional 11,867 shares during the period. New Age Alpha Advisors LLC increased its position in shares of Ford Motor by 174.8% in the fourth quarter. New Age Alpha Advisors LLC now owns 298,126 shares of the auto manufacturer's stock worth $2,951,000 after acquiring an additional 189,626 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Ford Motor in the 4th quarter valued at $387,282,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Stock Down 3.8 %

F stock traded down $0.39 during mid-day trading on Thursday, hitting $9.76. 95,765,388 shares of the company were exchanged, compared to its average volume of 101,209,594. The company has a market capitalization of $38.68 billion, a PE ratio of 6.68, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59. The firm has a fifty day simple moving average of $9.74 and a 200 day simple moving average of $10.27. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. Ford Motor has a twelve month low of $9.06 and a twelve month high of $14.85.

Remove Ads

Ford Motor (NYSE:F - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. On average, research analysts forecast that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.15%. The ex-dividend date was Tuesday, February 18th. Ford Motor's dividend payout ratio is currently 41.10%.

Analyst Ratings Changes

A number of analysts recently weighed in on F shares. JPMorgan Chase & Co. decreased their price target on shares of Ford Motor from $13.00 to $11.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Bank of America decreased their target price on Ford Motor from $19.00 to $15.50 and set a "buy" rating for the company in a research report on Thursday, February 6th. TD Cowen initiated coverage on Ford Motor in a report on Friday, March 7th. They set a "hold" rating and a $10.00 target price on the stock. Evercore ISI decreased their price target on Ford Motor from $11.00 to $10.00 and set an "in-line" rating for the company in a report on Monday, February 10th. Finally, Piper Sandler lowered their price objective on shares of Ford Motor from $13.00 to $9.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $11.37.

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.