Leo Wealth LLC, a prominent institutional investor, has increased its stake in Ford Motor (NYSE:F) following a recent Form 13F filing with the SEC. The firm purchased an additional 1,136 shares during the 1st quarter, boosting its total holdings to 21,661 shares valued at $288,000.
Hedge Fund Activity
Several other hedge funds have also been active with Ford Motor's stock. Sequoia Financial Advisors LLC raised its position by 15.0% in the 4th quarter, now owning 342,150 shares. CVA Family Office LLC and Cerity Partners LLC have also acquired stakes in the company, while Wedmont Private Capital and Advisor Resource Council have increased their holdings in the 1st quarter and 4th quarter, respectively.
Insider Trading
In recent news, Director Jon M. Huntsman, Jr. sold a significant number of shares, totaling over $982,000. Following the sale, the director retains approximately 168,601 shares, demonstrating confidence in the company's future performance.
Stock Performance
Ford Motor's stock experienced a 3.9% decrease, closing at $13.98 on Friday. The company's market cap is at $55.81 billion, with a PE ratio of 14.43 and a beta of 1.62. Analysts project a positive outlook, expecting the company to post 2.02 EPS for the current year.
Dividend Announcement
The firm recently paid a quarterly dividend of $0.15 per share on June 3rd, yielding 4.29% on an annualized basis. Ford Motor's dividend payout ratio is at 61.86%, providing investors with a steady income stream.
Analyst Ratings
Ford Motor has received various analyst recommendations, with Citigroup, UBS Group, and Sanford C. Bernstein among those providing favorable outlooks. The stock has an average rating of 'Hold' and an average price target of $14.18, reflecting positive sentiments from the market.
Company Profile
Ford Motor Company is a global leader in manufacturing and servicing a wide range of vehicles, including Ford trucks, commercial cars, Lincoln luxury vehicles, and more. The company operates through multiple segments, catering to diverse customer needs and preferences.
Conclusion
Leo Wealth LLC's increased stake in Ford Motor signals confidence in the company's future growth prospects. With positive analyst ratings and strong fundamentals, Ford Motor remains a key player in the automotive industry.
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