First Trust Direct Indexing L.P. Has $1.19 Million Stake in Ford Motor (NYSE:F)

First Trust Direct Indexing L.P. increased its holdings in shares of Ford Motor (NYSE:F) by 27.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 89,915 shares of the auto manufacturer’s stock after acquiring an additional 19,256 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Ford Motor were worth $1,194,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Abundance Wealth Counselors lifted its position in Ford Motor by 18.4% during the first quarter. Abundance Wealth Counselors now owns 119,551 shares of the auto manufacturer’s stock worth $1,588,000 after acquiring an additional 18,564 shares during the last quarter. Norden Group LLC bought a new stake in Ford Motor in the 1st quarter valued at $3,593,000. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Ford Motor by 0.5% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,375,847 shares of the auto manufacturer’s stock valued at $124,511,000 after buying an additional 51,035 shares in the last quarter. Saxon Interests Inc. increased its position in Ford Motor by 49.0% during the 1st quarter. Saxon Interests Inc. now owns 21,795 shares of the auto manufacturer’s stock worth $289,000 after buying an additional 7,163 shares during the period. Finally, Hexagon Capital Partners LLC lifted its holdings in shares of Ford Motor by 31.9% during the first quarter. Hexagon Capital Partners LLC now owns 30,421 shares of the auto manufacturer’s stock worth $404,000 after buying an additional 7,350 shares in the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $12.09, for a total value of $982,119.06. Following the completion of the transaction, the director now owns 168,601 shares of the company’s stock, valued at $2,038,386.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

F has been the topic of a number of recent research reports. Piper Sandler began coverage on shares of Ford Motor in a research report on Friday, March 15th. They set a “neutral” rating and a $13.00 price target on the stock. Barclays raised their target price on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Royal Bank of Canada boosted their price target on Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a research note on Thursday, April 25th. Sanford C. Bernstein assumed coverage on Ford Motor in a research note on Thursday, May 23rd. They set an “outperform” rating and a $16.00 price objective on the stock. Finally, Citigroup upped their target price on Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $13.89.

Ford Motor Price Performance

Shares of NYSE F opened at $12.87 on Friday. The company has a market cap of $51.38 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 0.83 and a beta of 1.62. The company has a current ratio of 1.17, a quick ratio of 0.99 and a debt-to-equity ratio of 2.32. Ford Motor has a 12 month low of $9.63 and a 12 month high of $15.42. The stock has a 50-day moving average price of $12.20 and a two-hundred day moving average price of $12.26.

Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The business had revenue of $42.78 billion during the quarter, compared to analysts’ expectations of $42.93 billion. During the same period in the prior year, the company earned $0.63 EPS. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, analysts forecast that Ford Motor will post 2.02 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 8th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.66%. The ex-dividend date was Tuesday, May 7th. Ford Motor’s dividend payout ratio (DPR) is 61.86%.

Ford Motor Company 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.