CHURCHILL MANAGEMENT Corp Invests $10.85 Million in Ford Motor (NYSE:F)

CHURCHILL MANAGEMENT Corp bought a new stake in Ford Motor (NYSE:F) during the 4th quarter, Holdings Channel.com reports. The fund bought 1,096,218 shares of the auto manufacturer’s stock, valued at approximately $10,853,000.

Several other large investors have also recently modified their holdings of F. Quarry LP acquired a new stake in shares of Ford Motor in the second quarter worth $27,000. Kimelman & Baird LLC purchased a new position in shares of Ford Motor in the second quarter valued at approximately $30,000. Reston Wealth Management LLC purchased a new stake in shares of Ford Motor during the third quarter worth $33,000. Access Investment Management LLC purchased a new stake in Ford Motor during the 3rd quarter valued at about $34,000. Finally, Modus Advisors LLC acquired a new stake in shares of Ford Motor in the fourth quarter valued at approximately $34,000. Institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Performance

Shares of F opened at $9.96 on Thursday. The firm has a market cap of $39.58 billion, a P/E ratio of 11.32, a PEG ratio of 1.89 and a beta of 1.64. The firm’s 50 day moving average price is $10.44 and its two-hundred day moving average price is $10.97. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. Ford Motor has a twelve month low of $9.49 and a twelve month high of $14.85.

Ford Motor (NYSE:F) last released its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The business had revenue of $46.20 billion for the quarter, compared to analyst estimates of $45.13 billion. During the same period last year, the firm posted $0.39 earnings per share. Ford Motor’s revenue was up 5.5% compared to the same quarter last year. On average, analysts forecast that Ford Motor will post 1.81 EPS for the current fiscal year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.02%. The ex-dividend date of this dividend was Thursday, November 7th. Ford Motor’s payout ratio is currently 68.18%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. The Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and raised their price target for the company from $12.00 to $13.00 in a research report on Tuesday, October 1st. Morgan Stanley cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $16.00 to $12.00 in a report on Wednesday, September 25th. Jefferies Financial Group cut Ford Motor from a “hold” rating to an “underperform” rating and lowered their price objective for the stock from $12.00 to $9.00 in a research report on Monday, December 16th. Finally, Barclays dropped their price target on Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $11.83.

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.