Wedge Capital Management L L P NC reduced its holdings in shares of Ford Motor Company (NYSE:F – Free Report) by 10.6% in the second quarter, Holdings Channel.com reports. The fund owned 2,370,837 shares of the auto manufacturer’s stock after selling 281,334 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Ford Motor were worth $32,955,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the business. Maripau Wealth Management LLC increased its stake in Ford Motor by 1.6% in the first quarter. Maripau Wealth Management LLC now owns 46,606 shares of the auto manufacturer’s stock worth $538,000 after purchasing an additional 749 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of Ford Motor by 7.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 10,999 shares of the auto manufacturer’s stock valued at $144,000 after purchasing an additional 756 shares during the period. Robertson Stephens Wealth Management LLC grew its holdings in shares of Ford Motor by 1.8% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 42,683 shares of the auto manufacturer’s stock worth $560,000 after purchasing an additional 761 shares during the last quarter. Southern Financial Group LLC grew its holdings in shares of Ford Motor by 2.3% in the first quarter. Southern Financial Group LLC now owns 34,714 shares of the auto manufacturer’s stock worth $401,000 after purchasing an additional 776 shares during the last quarter. Finally, Activest Wealth Management increased its stake in Ford Motor by 35.3% in the 4th quarter. Activest Wealth Management now owns 3,041 shares of the auto manufacturer’s stock worth $40,000 after buying an additional 794 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.
Analysts Set New Price Targets
F has been the subject of several research reports. Bank of America boosted their price objective on shares of Ford Motor from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, May 29th. TD Cowen raised their target price on shares of Ford Motor from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. lifted their price target on shares of Ford Motor from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. BNP Paribas Exane boosted their price target on Ford Motor from $14.00 to $14.50 and gave the company a “neutral” rating in a report on Thursday, July 30th. Finally, Piper Sandler increased their price objective on Ford Motor from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Seven equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Ford Motor currently has a consensus rating of “Hold” and a consensus price target of $15.68.
Ford Motor Trading Down 0.1%
NYSE F opened at $13.98 on Wednesday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.93 and a current ratio of 1.09. The company has a market capitalization of $55.75 billion, a price-to-earnings ratio of -7.48, a price-to-earnings-growth ratio of 0.29 and a beta of 1.82. The company’s 50-day simple moving average is $14.26 and its two-hundred day simple moving average is $13.49. Ford Motor Company has a one year low of $11.11 and a one year high of $17.78.
Ford Motor (NYSE:F – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. The firm had revenue of $48.30 billion for the quarter, compared to the consensus estimate of $47.24 billion. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The company’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period last year, the firm earned $0.37 earnings per share. Equities analysts forecast 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. Shareholders of record on Tuesday, August 11th will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 4.3%. Ford Motor’s dividend payout ratio is currently -32.09%.
Ford Motor Company 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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