Geremia Financial Services LLC lifted its position in Ford Motor Company (NYSE:F – Free Report) by 4.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 830,700 shares of the auto manufacturer’s stock after acquiring an additional 37,700 shares during the period. Ford Motor makes up approximately 7.8% of Geremia Financial Services LLC’s holdings, making the stock its 5th biggest holding. Geremia Financial Services LLC’s holdings in Ford Motor were worth $9,586,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Grove Bank & Trust increased its stake in Ford Motor by 110.7% in the fourth quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock valued at $25,000 after purchasing an additional 1,000 shares in the last quarter. MV Capital Management Inc. acquired a new stake in Ford Motor in the fourth quarter worth $25,000. Olistico Wealth LLC bought a new position in shares of Ford Motor during the fourth quarter worth $26,000. McMillan Office Inc. bought a new position in shares of Ford Motor during the fourth quarter worth $26,000. Finally, Johnson Financial Group Inc. grew its holdings in shares of Ford Motor by 55.4% in the 3rd quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock valued at $28,000 after buying an additional 837 shares during the period. Institutional investors own 58.74% of the company’s stock.
Ford Motor Price Performance
Shares of NYSE F opened at $13.35 on Friday. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.09 and a quick ratio of 0.94. The business has a 50-day moving average of $13.97 and a 200-day moving average of $13.37. The stock has a market capitalization of $53.18 billion, a price-to-earnings ratio of -8.61, a PEG ratio of 0.29 and a beta of 1.82. Ford Motor Company has a fifty-two week low of $10.68 and a fifty-two week high of $17.78.
Ford Motor Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.5%. Ford Motor’s dividend payout ratio is currently -38.71%.
Analyst Upgrades and Downgrades
F has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ford Motor in a research note on Wednesday, June 24th. Citigroup boosted their target price on Ford Motor from $13.00 to $19.00 and gave the company a “neutral” rating in a research note on Monday, June 1st. Royal Bank Of Canada restated a “sector perform” rating and issued a $13.00 price target on shares of Ford Motor in a report on Friday, May 15th. TD Cowen dropped their price target on Ford Motor from $14.00 to $13.00 and set a “hold” rating on the stock in a research report on Friday, May 1st. Finally, Wells Fargo & Company lifted their price objective on Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a report on Thursday, June 25th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Ford Motor currently has a consensus rating of “Hold” and an average price target of $14.70.
Check Out Our Latest Stock Analysis on F
Ford Motor Profile
Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.
Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.
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