Wealthfront Advisers LLC purchased a new position in Ford Motor Company (NYSE:F – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 826,784 shares of the auto manufacturer’s stock, valued at approximately $11,492,000.
Other large investors also recently added to or reduced their stakes in the company. MV Capital Management Inc. bought a new stake in shares of Ford Motor in the 4th quarter valued at approximately $25,000. McMillan Office Inc. bought a new position in shares of Ford Motor during the 4th quarter valued at approximately $26,000. Johnson Financial Group Inc. raised its holdings in Ford Motor by 55.4% during 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. Legacy Wealth Managment LLC ID raised its holdings 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 buying an additional 1,230 shares during the period. Finally, Garton & Associates Financial Advisors LLC bought a new stake in Ford Motor in the fourth quarter worth $32,000. 58.74% of the stock is owned by institutional investors.
Ford Motor Stock Up 4.0%
Shares of F opened at $14.48 on Thursday. The firm has a fifty day moving average price of $14.14 and a 200-day moving average price of $13.50. 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 market capitalization of $57.76 billion, a P/E ratio of -7.75, a P/E/G ratio of 0.29 and a beta of 1.82. Ford Motor Company has a 12-month low of $11.11 and a 12-month high of $17.78.
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 given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.1%. Ford Motor’s dividend payout ratio (DPR) is -32.09%.
Analyst Ratings Changes
Several research analysts have commented on F shares. DZ Bank raised shares of 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. Bank of America raised their target price on shares of Ford Motor from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, May 29th. UBS Group upped their price target on shares of Ford Motor from $14.00 to $17.00 and gave the company a “buy” rating in a report on Monday, June 8th. Zacks Research lowered shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Ford Motor in a research note on Wednesday, June 24th. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.68.
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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