Ford Motor Company $F Shares Purchased by Forvis Mazars Wealth Advisors LLC

Forvis Mazars Wealth Advisors LLC increased its stake in shares of Ford Motor Company (NYSE:F) by 2.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 67,154 shares of the auto manufacturer’s stock after purchasing an additional 1,714 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Ford Motor were worth $729,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Chicago Partners Investment Group LLC lifted its position in Ford Motor by 22.9% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 21,533 shares of the auto manufacturer’s stock worth $245,000 after acquiring an additional 4,015 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Ford Motor during the 2nd quarter worth approximately $1,263,000. Quotient Wealth Partners LLC lifted its position in Ford Motor by 38.5% during the 2nd quarter. Quotient Wealth Partners LLC now owns 18,764 shares of the auto manufacturer’s stock worth $204,000 after acquiring an additional 5,220 shares in the last quarter. Koshinski Asset Management Inc. lifted its position in Ford Motor by 5.0% during the 2nd quarter. Koshinski Asset Management Inc. now owns 57,419 shares of the auto manufacturer’s stock worth $623,000 after acquiring an additional 2,741 shares in the last quarter. Finally, Chevy Chase Trust Holdings LLC lifted its position in Ford Motor by 1.1% during the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 2,063,044 shares of the auto manufacturer’s stock worth $22,384,000 after acquiring an additional 21,485 shares in the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Stock Performance

F stock opened at $11.93 on Monday. 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 has a market cap of $47.46 billion, a P/E ratio of 15.29, a P/E/G ratio of 3.47 and a beta of 1.53. Ford Motor Company has a 12-month low of $8.44 and a 12-month high of $12.80. The stock’s 50 day simple moving average is $11.72 and its 200 day simple moving average is $10.95.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 12.46% and a net margin of 1.70%.The business’s revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.47 EPS. As a group, equities research analysts predict that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

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

Analysts Set New Price Targets

Several research firms recently commented on F. Piper Sandler boosted their price target on Ford Motor from $9.00 to $9.50 and gave the stock a “neutral” rating in a research report on Thursday, July 31st. Wells Fargo & Company upped their target price on Ford Motor from $8.00 to $10.00 and gave the company an “underweight” rating in a research report on Friday, October 3rd. The Goldman Sachs Group upped their target price on Ford Motor from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Monday, September 29th. Jefferies Financial Group raised Ford Motor from an “underperform” rating to a “hold” rating and upped their target price for the company from $9.00 to $12.00 in a research report on Monday, October 6th. Finally, Wall Street Zen raised Ford Motor from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. Two equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Ford Motor currently has a consensus rating of “Hold” and a consensus target price 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.