Simon Quick Advisors LLC Buys New Shares in Ford Motor Company $F

Simon Quick Advisors LLC bought a new stake in shares of Ford Motor Company (NYSE:F) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,291 shares of the auto manufacturer’s stock, valued at approximately $188,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in F. Advisors Capital Management LLC lifted its position in Ford Motor by 9.6% in the 1st quarter. Advisors Capital Management LLC now owns 12,543 shares of the auto manufacturer’s stock worth $126,000 after buying an additional 1,100 shares in the last quarter. FORA Capital LLC bought a new position in shares of Ford Motor during the 1st quarter valued at $7,398,000. Teza Capital Management LLC bought a new position in shares of Ford Motor during the 1st quarter valued at $465,000. Quantitative Investment Management LLC bought a new position in shares of Ford Motor during the 1st quarter valued at $2,373,000. Finally, Maridea Wealth Management LLC raised its holdings in shares of Ford Motor by 280.2% during the 1st quarter. Maridea Wealth Management LLC now owns 53,687 shares of the auto manufacturer’s stock valued at $538,000 after purchasing an additional 39,567 shares in the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Stock Performance

NYSE:F opened at $12.79 on Wednesday. Ford Motor Company has a 1 year low of $8.44 and a 1 year high of $13.97. The firm’s fifty day simple moving average is $12.06 and its 200 day simple moving average is $11.27. The company has a current ratio of 1.12, a quick ratio of 0.98 and a debt-to-equity ratio of 2.20. The firm has a market capitalization of $50.94 billion, a PE ratio of 11.02, a PEG ratio of 4.03 and a beta of 1.53.

Ford Motor (NYSE:F) last posted its earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. Ford Motor had a net margin of 2.48% and a return on equity of 11.94%. The business had revenue of $50.53 billion for the quarter, compared to analyst estimates of $43.08 billion. During the same period last year, the business posted $0.49 EPS. Ford Motor’s revenue was up 9.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 7th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 4.7%. Ford Motor’s dividend payout ratio is 51.72%.

Wall Street Analysts Forecast Growth

F has been the topic of a number of recent research reports. Royal Bank Of Canada raised their price target on shares of Ford Motor from $11.00 to $12.00 and gave the company a “sector perform” rating in a report on Friday, October 24th. Barclays raised their price target on shares of Ford Motor from $11.00 to $12.00 and gave the company an “equal weight” rating in a report on Monday, October 27th. JPMorgan Chase & Co. raised their price target on shares of Ford Motor from $13.00 to $14.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Citigroup raised their price target on shares of Ford Motor from $11.00 to $13.50 and gave the company a “neutral” rating in a report on Monday, October 27th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Ford Motor in a report on Tuesday, October 14th. Two investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $11.73.

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.