KMG Fiduciary Partners LLC increased its position in Ford Motor Company (NYSE:F – Free Report) by 63.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 145,212 shares of the auto manufacturer’s stock after buying an additional 56,283 shares during the period. KMG Fiduciary Partners LLC’s holdings in Ford Motor were worth $2,018,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. MV Capital Management Inc. purchased a new position in shares of Ford Motor in the fourth quarter valued at about $25,000. McMillan Office Inc. purchased a new stake in shares of Ford Motor during the fourth quarter worth about $26,000. Johnson Financial Group Inc. grew its position in shares of Ford Motor by 55.4% during the third quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock worth $28,000 after purchasing an additional 837 shares in the last quarter. Legacy Wealth Managment LLC ID raised its stake in Ford Motor by 108.4% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 1,230 shares during the period. Finally, Garton & Associates Financial Advisors LLC bought a new stake in Ford Motor during the 4th quarter valued at approximately $32,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have issued reports on F. Zacks Research lowered shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Wall Street Zen downgraded shares of Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Morgan Stanley restated an “equal weight” rating and set a $14.00 target price on shares of Ford Motor in a research report on Wednesday, May 13th. Citigroup raised shares of Ford Motor from a “neutral” rating to a “buy” rating and raised their target price for the company from $19.00 to $20.00 in a research note on Wednesday, July 29th. Finally, Jefferies Financial Group raised shares of Ford Motor from a “hold” rating to a “buy” rating and raised their target price for the company from $14.50 to $17.50 in a research note on Monday, July 27th. Seven investment 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. According to MarketBeat.com, Ford Motor currently has an average rating of “Hold” and an average target price of $15.68.
Ford Motor Stock Up 0.2%
Shares of NYSE F opened at $14.01 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 3.07. Ford Motor Company has a 12-month low of $11.06 and a 12-month high of $17.78. The firm’s 50-day moving average price is $14.30 and its 200-day moving average price is $13.49. The stock has a market capitalization of $55.87 billion, a price-to-earnings ratio of -7.49, a P/E/G ratio of 0.29 and a beta of 1.82.
Ford Motor (NYSE:F – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS for the quarter, topping the consensus estimate of $0.33 by $0.09. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.The company had revenue of $48.30 billion during the quarter, compared to analyst estimates of $47.24 billion. During the same quarter last year, the business posted $0.37 earnings per share. The firm’s revenue was down 3.8% on a year-over-year basis. On average, equities research analysts anticipate that Ford Motor Company will post 1.86 EPS for the current fiscal year.
Ford Motor Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.3%. Ford Motor’s payout ratio is -32.09%.
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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