Silverlake Wealth Management LLC purchased a new stake in shares of Ford Motor Company (NYSE:F – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 53,694 shares of the auto manufacturer’s stock, valued at approximately $746,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Caxton Associates LLP purchased a new stake in shares of Ford Motor during the first quarter worth about $304,000. Empowered Funds LLC lifted its stake in shares of Ford Motor by 41.6% in the first quarter. Empowered Funds LLC now owns 147,760 shares of the auto manufacturer’s stock worth $1,482,000 after acquiring an additional 43,385 shares in the last quarter. Jump Financial LLC purchased a new position in Ford Motor in the second quarter valued at about $172,000. NewEdge Advisors LLC boosted its holdings in Ford Motor by 26.3% in the second quarter. NewEdge Advisors LLC now owns 267,895 shares of the auto manufacturer’s stock valued at $2,907,000 after purchasing an additional 55,741 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its stake in Ford Motor by 1.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 1,823,614 shares of the auto manufacturer’s stock valued at $19,786,000 after purchasing an additional 26,526 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.
Analysts Set New Price Targets
F has been the topic of several analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Ford Motor in a report on Wednesday, June 24th. Jefferies Financial Group upgraded Ford Motor from a “hold” rating to a “buy” rating and increased their target price for the company from $14.50 to $17.50 in a research note on Monday, July 27th. Barclays raised their price target on shares of Ford Motor from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Wall Street Zen cut shares of Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, BNP Paribas Exane increased their price objective on shares of Ford Motor from $14.00 to $14.50 and gave the company a “neutral” rating in a research note on Thursday, July 30th. 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 stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $15.68.
Ford Motor Stock Up 3.4%
Shares of Ford Motor stock opened at $14.36 on Friday. The business has a 50-day moving average price of $14.18 and a 200 day moving average price of $13.50. Ford Motor Company has a fifty-two week low of $11.11 and a fifty-two week high of $17.78. The firm has a market cap of $57.26 billion, a P/E ratio of -7.68, a P/E/G ratio of 0.30 and a beta of 1.82. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07.
Ford Motor (NYSE:F – Get Free Report) last released its earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. The company had revenue of $48.30 billion for the quarter, compared to the consensus estimate of $47.24 billion. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.Ford Motor’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.37 EPS. On average, sell-side analysts forecast that Ford Motor Company will post 1.86 earnings per share for the current fiscal year.
Ford Motor Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Tuesday, August 11th. 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.
Recommended Stories
- Five stocks we like better than Ford Motor
- Is Best Buy the AI Winner Hiding in the Electronics Aisle?
- Applied Materials Beat Everything but Wall Street’s Expectations for Margins
- Back From Orbit, Intuitive Machines’ Share Price Enters the Buy Zone
- Texas Roadhouse and Brinker International Have the Recipe Rivals Are Missing
Want to see what other hedge funds are holding F? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ford Motor Company (NYSE:F – Free Report).
Receive News & Ratings for Ford Motor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ford Motor and related companies with MarketBeat.com's FREE daily email newsletter.
