Bridges Investment Management Inc. Buys New Position in Ford Motor (NYSE:F)

Bridges Investment Management Inc. bought a new stake in Ford Motor (NYSE:F) in the 4th quarter, Holdings Channel reports. The institutional investor bought 15,796 shares of the auto manufacturer’s stock, valued at approximately $156,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Metis Global Partners LLC grew its holdings in Ford Motor by 5.2% in the 4th quarter. Metis Global Partners LLC now owns 131,648 shares of the auto manufacturer’s stock valued at $1,303,000 after buying an additional 6,555 shares during the period. Sage Investment Counsel LLC purchased a new stake in Ford Motor in the 4th quarter valued at about $223,000. SVB Wealth LLC purchased a new stake in Ford Motor in the 4th quarter valued at about $359,000. Fortress Financial Group LLC purchased a new stake in Ford Motor in the 4th quarter valued at about $105,000. Finally, Argyle Capital Management LLC grew its holdings in Ford Motor by 6.3% in the 4th quarter. Argyle Capital Management LLC now owns 122,880 shares of the auto manufacturer’s stock valued at $1,217,000 after buying an additional 7,300 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

F has been the subject of several recent analyst reports. Bank of America lowered their price target on Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a report on Thursday, February 6th. Evercore ISI decreased their target price 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. JPMorgan Chase & Co. decreased their target price on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, February 7th. Sanford C. Bernstein cut Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price for the company. in a report on Thursday, November 7th. Finally, BNP Paribas upgraded Ford Motor to a “hold” rating in a report on Monday, February 10th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Ford Motor has an average rating of “Hold” and an average target price of $11.89.

Ford Motor Stock Performance

Ford Motor stock opened at $9.39 on Tuesday. The stock’s 50 day moving average price is $9.76 and its 200 day moving average price is $10.41. The firm has a market capitalization of $37.22 billion, a PE ratio of 6.43, a price-to-earnings-growth ratio of 0.61 and a beta of 1.63. 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 has a one year low of $9.10 and a one year high of $14.85.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. As a group, sell-side analysts expect that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.39%. The ex-dividend date of this dividend was Tuesday, February 18th. Ford Motor’s payout ratio is 41.10%.

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.