Praxis Investment Management Inc. Has $1.59 Million Stock Holdings in Ford Motor Company $F

Praxis Investment Management Inc. increased its position in shares of Ford Motor Company (NYSE:F) by 16.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 146,843 shares of the auto manufacturer’s stock after buying an additional 20,280 shares during the quarter. Praxis Investment Management Inc.’s holdings in Ford Motor were worth $1,593,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in F. Grove Bank & Trust grew its position in Ford Motor by 289.1% during the first quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer’s stock worth $25,000 after buying an additional 1,882 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new stake in Ford Motor during the second quarter worth about $25,000. Elite Financial Inc. acquired a new stake in Ford Motor during the first quarter worth about $27,000. Olde Wealth Management LLC acquired a new stake in Ford Motor during the first quarter worth about $28,000. Finally, MorganRosel Wealth Management LLC acquired a new stake in Ford Motor during the first quarter worth about $30,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Wall Street Zen raised Ford Motor from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. UBS Group lifted their price objective on Ford Motor from $11.00 to $12.50 and gave the company a “neutral” rating in a report on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ford Motor in a report on Tuesday. Wells Fargo & Company lifted their price objective on Ford Motor from $8.00 to $10.00 and gave the company an “underweight” rating in a report on Friday, October 3rd. Finally, Barclays lifted their price objective on Ford Motor from $9.00 to $11.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. Two research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Ford Motor has a consensus rating of “Hold” and a consensus price target of $11.04.

Ford Motor Stock Down 0.1%

Shares of F opened at $11.75 on Friday. The company has a market capitalization of $46.76 billion, a P/E ratio of 15.06, a PEG ratio of 3.42 and a beta of 1.53. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.10 and a quick ratio of 0.95. Ford Motor Company has a one year low of $8.44 and a one year high of $12.80. The business’s 50 day simple moving average is $11.71 and its 200-day simple moving average is $10.92.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 EPS for the quarter, topping the consensus estimate of $0.33 by $0.04. The business had revenue of $50.18 billion for 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 was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.47 EPS. As a group, sell-side analysts predict that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

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

Ford Motor 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.