Allianz SE Buys Shares of 97,466 Ford Motor (NYSE:F)

Allianz SE bought a new position in shares of Ford Motor (NYSE:F) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 97,466 shares of the auto manufacturer’s stock, valued at approximately $963,000.

Several other institutional investors also recently modified their holdings of the stock. Hager Investment Management Services LLC bought a new stake in shares of Ford Motor in the 4th quarter valued at $26,000. Bank of Jackson Hole Trust bought a new stake in shares of Ford Motor in the fourth quarter worth about $29,000. Flagship Wealth Advisors LLC acquired a new stake in shares of Ford Motor during the fourth quarter worth about $30,000. Kentucky Trust Co bought a new position in shares of Ford Motor during the 4th quarter valued at about $31,000. Finally, Crewe Advisors LLC grew its position in shares of Ford Motor by 169.9% in the 4th quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock valued at $33,000 after purchasing an additional 2,068 shares during the period. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on F. TD Cowen started coverage on shares of Ford Motor in a report on Friday, March 7th. They set a “hold” rating and a $10.00 target price on the stock. Barclays lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $13.00 to $11.00 in a report on Wednesday, January 22nd. JPMorgan Chase & Co. reduced their target price on shares of Ford Motor from $13.00 to $11.00 and set an “overweight” rating for the company in a research note on Thursday. Royal Bank of Canada dropped their price target on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. Finally, Bank of America reduced their price objective 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. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.37.

Ford Motor Stock Performance

NYSE F opened at $9.73 on Monday. The firm has a market capitalization of $38.54 billion, a P/E ratio of 6.66, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59. 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’s fifty day moving average price is $9.75 and its two-hundred day moving average price is $10.28. Ford Motor has a 1 year low of $9.06 and a 1 year high of $14.85.

Ford Motor (NYSE:F) last issued 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 net margin of 3.18% and a return on equity of 16.88%. As a group, research analysts anticipate that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.60 annualized dividend and a dividend yield of 6.17%. Ford Motor’s dividend payout ratio is currently 41.10%.

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.