Centennial Wealth Advisory LLC Buys 1,662 Shares of Ford Motor Company (NYSE:F)

Centennial Wealth Advisory LLC raised its stake in Ford Motor Company (NYSE:F) by 3.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 52,766 shares of the auto manufacturer’s stock after buying an additional 1,662 shares during the period. Centennial Wealth Advisory LLC’s holdings in Ford Motor were worth $529,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Grove Bank & Trust increased its stake in shares of Ford Motor by 289.1% in the 1st quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer’s stock valued at $25,000 after acquiring an additional 1,882 shares during the last quarter. Bank of Jackson Hole Trust acquired a new position in Ford Motor during the fourth quarter valued at approximately $29,000. Flagship Wealth Advisors LLC acquired a new position in Ford Motor during the fourth quarter valued at approximately $30,000. Spurstone Advisory Services LLC bought a new stake in Ford Motor in the fourth quarter valued at approximately $31,000. Finally, Wood Tarver Financial Group LLC acquired a new position in shares of Ford Motor in the 4th quarter valued at $31,000. Institutional investors own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Citigroup upped their price objective on shares of Ford Motor from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. Wall Street Zen upgraded Ford Motor from a “sell” rating to a “hold” rating in a report on Saturday, June 14th. Barclays raised their price target on Ford Motor from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 6th. Wolfe Research upgraded Ford Motor from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, April 30th. Finally, Sanford C. Bernstein cut Ford Motor from a “market perform” rating to an “underperform” rating and lowered their target price for the stock from $9.40 to $7.00 in a research note on Wednesday, April 9th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $10.03.

Ford Motor Stock Up 0.0%

Ford Motor stock opened at $10.43 on Thursday. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.26. Ford Motor Company has a 1-year low of $8.44 and a 1-year high of $14.85. The company has a fifty day simple moving average of $10.20 and a 200 day simple moving average of $9.97. The company has a market cap of $41.46 billion, a P/E ratio of 8.34, a price-to-earnings-growth ratio of 0.89 and a beta of 1.50.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.16. Ford Motor had a return on equity of 13.49% and a net margin of 2.74%. The company had revenue of $40.66 billion during the quarter, compared to analysts’ expectations of $35.99 billion. During the same quarter last year, the company earned $0.49 EPS. Ford Motor’s revenue for the quarter was down 6.2% compared to the same quarter last year. Research analysts anticipate that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 12th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.76%. The ex-dividend date was Monday, May 12th. Ford Motor’s dividend payout ratio (DPR) is 48.00%.

Ford Motor Company 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.