Berkshire Asset Management LLC PA Acquires 4,573 Shares of Ford Motor (NYSE:F)

Berkshire Asset Management LLC PA boosted its holdings in Ford Motor (NYSE:F) by 21.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,332 shares of the auto manufacturer’s stock after acquiring an additional 4,573 shares during the period. Berkshire Asset Management LLC PA’s holdings in Ford Motor were worth $266,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Hager Investment Management Services LLC bought a new stake in shares of Ford Motor during the fourth quarter worth approximately $26,000. Bank of Jackson Hole Trust acquired a new stake in Ford Motor during the 4th quarter worth approximately $29,000. Kentucky Trust Co bought a new stake in Ford Motor in the 4th quarter valued at $31,000. Access Investment Management LLC acquired a new position in Ford Motor in the 3rd quarter valued at $34,000. Finally, Crewe Advisors LLC increased its position in Ford Motor by 169.9% during the 4th quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock worth $33,000 after buying an additional 2,068 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada reduced their target price on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating for the company in a research report on Thursday, February 6th. Jefferies Financial Group downgraded shares of Ford Motor from a “hold” rating to an “underperform” rating and cut their price objective for the company from $12.00 to $9.00 in a report on Monday, December 16th. TD Cowen initiated coverage on shares of Ford Motor in a report on Friday. They set a “hold” rating and a $10.00 target price on the stock. BNP Paribas upgraded Ford Motor to a “hold” rating in a research note on Monday, February 10th. Finally, Evercore ISI lowered their price objective on Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a research note on Monday, February 10th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $11.77.

Ford Motor Stock Performance

NYSE F opened at $9.91 on Friday. The firm’s fifty day moving average price is $9.72 and its two-hundred day moving average price is $10.38. The stock has a market cap of $39.26 billion, a PE ratio of 6.78, 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 has a fifty-two week low of $9.06 and a fifty-two week high of $14.85.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, topping 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%. On average, equities analysts expect that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.06%. Ford Motor’s dividend payout ratio (DPR) is presently 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.