Novem Group Buys 3,223 Shares of Ford Motor Company $F

Novem Group boosted its stake in shares of Ford Motor Company (NYSE:F) by 19.1% in the second quarter, HoldingsChannel reports. The firm owned 20,101 shares of the auto manufacturer’s stock after purchasing an additional 3,223 shares during the quarter. Novem Group’s holdings in Ford Motor were worth $218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advisors Capital Management LLC boosted its position in Ford Motor by 9.6% during the first quarter. Advisors Capital Management LLC now owns 12,543 shares of the auto manufacturer’s stock worth $126,000 after purchasing an additional 1,100 shares during the period. Tounjian Advisory Partners LLC bought a new position in Ford Motor during the first quarter worth $974,000. FORA Capital LLC bought a new position in Ford Motor during the first quarter worth $7,398,000. Generali Investments CEE investicni spolecnost a.s. boosted its position in Ford Motor by 25.0% during the first quarter. Generali Investments CEE investicni spolecnost a.s. now owns 300,000 shares of the auto manufacturer’s stock worth $3,009,000 after purchasing an additional 60,000 shares during the period. Finally, Teza Capital Management LLC bought a new position in Ford Motor during the first quarter worth $465,000. 58.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on F. UBS Group lifted their price objective on shares of Ford Motor from $9.00 to $11.00 and gave the stock a “neutral” rating in a research report on Monday, July 14th. JPMorgan Chase & Co. lifted their target price on Ford Motor from $12.00 to $13.00 and gave the stock an “overweight” rating in a report on Monday, July 21st. Dbs Bank downgraded Ford Motor from a “hold” rating to a “moderate sell” rating in a report on Monday, August 4th. Barclays lifted their target price on Ford Motor from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 16th. Finally, Royal Bank Of Canada lifted their target price on Ford Motor from $10.00 to $11.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 5th. Two research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and an average target price of $10.43.

Insider Buying and Selling

In related news, insider Andrew Frick sold 30,000 shares of the business’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total value of $330,000.00. Following the completion of the transaction, the insider owned 113,939 shares of the company’s stock, valued at $1,253,329. The trade was a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.48% of the stock is currently owned by company insiders.

Ford Motor Stock Up 3.4%

F stock opened at $12.02 on Friday. The company has a market cap of $47.84 billion, a PE ratio of 15.41, a price-to-earnings-growth ratio of 3.45 and a beta of 1.52. The business has a 50-day simple moving average of $11.49 and a 200 day simple moving average of $10.74. Ford Motor Company has a 52 week low of $8.44 and a 52 week high of $12.32. The company has a quick ratio of 0.95, a current ratio of 1.10 and a debt-to-equity ratio of 2.24.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. The business had revenue of $50.18 billion during the quarter, compared to the consensus estimate of $42.91 billion. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.Ford Motor’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.47 earnings per share. Sell-side analysts anticipate that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 11th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Monday, August 11th. Ford Motor’s payout ratio is 76.92%.

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.