22,611 Shares in Ford Motor Company $F Purchased by Firethorn Wealth Partners LLC

Firethorn Wealth Partners LLC bought a new stake in shares of Ford Motor Company (NYSE:F) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 22,611 shares of the auto manufacturer’s stock, valued at approximately $245,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Wedmont Private Capital raised its position in shares of Ford Motor by 3.0% in the second quarter. Wedmont Private Capital now owns 31,593 shares of the auto manufacturer’s stock worth $374,000 after acquiring an additional 934 shares during the period. Meriwether Wealth & Planning LLC grew its position in shares of Ford Motor by 6.9% during the 2nd quarter. Meriwether Wealth & Planning LLC now owns 15,186 shares of the auto manufacturer’s stock valued at $165,000 after acquiring an additional 985 shares during the period. Atlas Capital Advisors Inc. raised its holdings in Ford Motor by 21.2% in the 1st quarter. Atlas Capital Advisors Inc. now owns 5,665 shares of the auto manufacturer’s stock worth $57,000 after purchasing an additional 989 shares during the period. City Holding Co. raised its holdings in Ford Motor by 47.8% in the 2nd quarter. City Holding Co. now owns 3,090 shares of the auto manufacturer’s stock worth $34,000 after purchasing an additional 1,000 shares during the period. Finally, Childress Capital Advisors LLC grew its holdings in Ford Motor by 6.2% in the second quarter. Childress Capital Advisors LLC now owns 17,321 shares of the auto manufacturer’s stock valued at $188,000 after purchasing an additional 1,006 shares during the period. 58.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on F. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ford Motor in a research note on Saturday, September 27th. UBS Group upped 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. Wells Fargo & Company lifted their target price on shares of Ford Motor from $8.00 to $10.00 and gave the company an “underweight” rating in a research report on Friday. JPMorgan Chase & Co. boosted their target price on shares of Ford Motor from $12.00 to $13.00 and gave the stock an “overweight” rating in a research note on Monday, July 21st. Finally, Piper Sandler upped their price target on shares of Ford Motor from $9.00 to $9.50 and gave the stock a “neutral” rating in a research report on Thursday, July 31st. Two research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Ford Motor has a consensus rating of “Reduce” and an average price target of $10.71.

Ford Motor Stock Performance

F opened at $12.66 on Friday. Ford Motor Company has a twelve month low of $8.44 and a twelve month high of $12.67. The firm has a market capitalization of $50.39 billion, a PE ratio of 16.23, a PEG ratio of 3.64 and a beta of 1.53. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 2.24. The firm’s 50-day moving average price is $11.58 and its 200 day moving average price is $10.82.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. The business had revenue of $50.18 billion for the quarter, compared to analyst estimates of $42.91 billion. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The business’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the company posted $0.47 EPS. As a group, sell-side analysts expect that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 4.7%. Ford Motor’s payout ratio is 76.92%.

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.