Generali Asset Management SPA SGR Buys 73,422 Shares of Ford Motor Company $F

Generali Asset Management SPA SGR raised its stake in shares of Ford Motor Company (NYSE:F) by 47.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 229,165 shares of the auto manufacturer’s stock after acquiring an additional 73,422 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Ford Motor were worth $2,486,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Disciplined Equity Management Inc. lifted its holdings in shares of Ford Motor by 10.7% during the 2nd quarter. Disciplined Equity Management Inc. now owns 213,390 shares of the auto manufacturer’s stock valued at $2,315,000 after purchasing an additional 20,640 shares during the last quarter. Triton Wealth Management PLLC purchased a new stake in shares of Ford Motor during the 2nd quarter valued at $121,000. JGP Wealth Management LLC purchased a new stake in shares of Ford Motor during the 2nd quarter valued at $138,000. Sagespring Wealth Partners LLC lifted its holdings in shares of Ford Motor by 49.8% during the 2nd quarter. Sagespring Wealth Partners LLC now owns 53,157 shares of the auto manufacturer’s stock valued at $577,000 after purchasing an additional 17,666 shares during the last quarter. Finally, TD Asset Management Inc lifted its holdings in shares of Ford Motor by 2.5% during the 2nd quarter. TD Asset Management Inc now owns 1,734,334 shares of the auto manufacturer’s stock valued at $18,818,000 after purchasing an additional 41,715 shares during the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Trading Down 0.1%

F opened at $11.75 on Friday. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.10 and a quick ratio of 0.95. The company’s 50 day simple moving average is $11.71 and its two-hundred day simple moving average is $10.92. Ford Motor Company has a 1-year low of $8.44 and a 1-year high of $12.80. The firm has a market capitalization of $46.76 billion, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 3.42 and a beta of 1.53.

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. Analysts expect that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th were paid a $0.15 dividend. The ex-dividend date was Monday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 5.1%. Ford Motor’s payout ratio is 76.92%.

Analyst Ratings Changes

Several analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Ford Motor in a report on Tuesday. Wall Street Zen upgraded Ford Motor from a “sell” rating to a “hold” rating in a report on Sunday, July 20th. Wells Fargo & Company raised their target price on Ford Motor from $8.00 to $10.00 and gave the stock an “underweight” rating in a research note on Friday, October 3rd. Piper Sandler raised their target price on Ford Motor from $9.00 to $9.50 and gave the stock a “neutral” rating in a research note on Thursday, July 31st. Finally, Barclays raised their target price on Ford Motor from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 16th. Two analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Ford Motor presently has an average rating of “Hold” and an average price target of $11.04.

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.