OMC Financial Services LTD acquired a new position in Ford Motor Company (NYSE:F – Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 71,313 shares of the auto manufacturer’s stock, valued at approximately $991,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. German American Bancorp Inc. purchased a new stake in shares of Ford Motor in the 2nd quarter worth about $253,000. Northstar Financial Companies Inc. bought a new position in shares of Ford Motor in the 2nd quarter worth about $170,000. Flputnam Investment Management Co. purchased a new position in Ford Motor during the 2nd quarter valued at about $2,338,000. Global Retirement Partners LLC purchased a new position in Ford Motor during the 2nd quarter valued at about $1,620,000. Finally, Silverlake Wealth Management LLC bought a new stake in Ford Motor during the second quarter worth about $746,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.
Ford Motor Price Performance
Shares of F opened at $14.36 on Monday. The firm has a market cap of $57.26 billion, a PE ratio of -7.68, a P/E/G ratio of 0.30 and a beta of 1.82. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 3.07. The firm has a fifty day simple moving average of $14.18 and a two-hundred day simple moving average of $13.50. Ford Motor Company has a 1-year low of $11.11 and a 1-year high of $17.78.
Ford Motor Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Tuesday, August 11th. Ford Motor’s payout ratio is currently -32.09%.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Ford Motor from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Dbs Bank upgraded shares of Ford Motor from a “hold” rating to a “moderate buy” rating in a report on Tuesday, August 11th. Jefferies Financial Group raised Ford Motor from a “hold” rating to a “buy” rating and boosted their price target for the stock from $14.50 to $17.50 in a research report on Monday, July 27th. Citigroup raised Ford Motor from a “neutral” rating to a “buy” rating and raised their price objective for the company from $19.00 to $20.00 in a research report on Wednesday, July 29th. Finally, DZ Bank upgraded Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 price objective for the company in a research note on Friday, July 31st. Eight 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $15.68.
View Our Latest Stock Analysis on Ford Motor
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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