Steel Grove Capital Advisors LLC Boosts Stock Holdings in Ford Motor (NYSE:F)

Steel Grove Capital Advisors LLC raised its holdings in Ford Motor (NYSE:F - Free Report) by 765.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 184,045 shares of the auto manufacturer's stock after buying an additional 162,773 shares during the period. Steel Grove Capital Advisors LLC's holdings in Ford Motor were worth $1,822,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of F. Franklin Resources Inc. grew its position in shares of Ford Motor by 29.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer's stock valued at $15,998,000 after buying an additional 336,720 shares during the last quarter. NCP Inc. boosted its holdings in Ford Motor by 62.0% during the fourth quarter. NCP Inc. now owns 74,520 shares of the auto manufacturer's stock worth $738,000 after purchasing an additional 28,528 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Ford Motor by 3.8% during the 3rd quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer's stock worth $46,408,000 after purchasing an additional 160,409 shares during the period. Alberta Investment Management Corp lifted its stake in Ford Motor by 87.1% in the fourth quarter. Alberta Investment Management Corp now owns 196,100 shares of the auto manufacturer's stock valued at $1,941,000 after purchasing an additional 91,300 shares during the last quarter. Finally, CHURCHILL MANAGEMENT Corp purchased a new position in shares of Ford Motor in the fourth quarter worth about $10,853,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Stock Performance

Shares of F stock traded up $0.28 during mid-day trading on Thursday, reaching $10.06. The stock had a trading volume of 86,973,982 shares, compared to its average volume of 72,445,000. Ford Motor has a 1-year low of $8.44 and a 1-year high of $14.85. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The firm has a market cap of $39.87 billion, a price-to-earnings ratio of 6.89, a PEG ratio of 0.61 and a beta of 1.41. The business's fifty day moving average is $9.61 and its 200-day moving average is $10.12.

Ford Motor (NYSE:F - Get Free Report) last posted its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, topping 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 year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.96%. The ex-dividend date of this dividend was Tuesday, February 18th. Ford Motor's payout ratio is currently 41.10%.

Analyst Ratings Changes

Several research firms recently weighed in on F. Barclays decreased their price objective on shares of Ford Motor from $10.00 to $8.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 15th. Citigroup started coverage on Ford Motor in a research note on Wednesday. They issued a "neutral" rating and a $10.00 price target on the stock. UBS Group reduced their price target on Ford Motor from $10.00 to $9.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Royal Bank of Canada lowered their price target on Ford Motor from $10.00 to $9.00 and set a "sector perform" rating on the stock in a report on Thursday, February 6th. Finally, The Goldman Sachs Group reissued a "neutral" rating and set a $9.00 price target (down from $11.00) on shares of Ford Motor in a report on Thursday, April 10th. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $9.77.

About Ford Motor

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.