Longfellow Investment Management Co. LLC bought a new stake in Ford Motor Company (NYSE:F – Free Report) during the second quarter, HoldingsChannel reports. The firm bought 104,001 shares of the auto manufacturer’s stock, valued at approximately $1,446,000.
Several other large investors have also modified their holdings of F. Caxton Associates LLP bought a new stake in Ford Motor in the first quarter valued at about $304,000. Empowered Funds LLC raised its stake in Ford Motor by 41.6% during the first quarter. Empowered Funds LLC now owns 147,760 shares of the auto manufacturer’s stock valued at $1,482,000 after buying an additional 43,385 shares in the last quarter. Jump Financial LLC bought a new position in Ford Motor during the 2nd quarter worth approximately $172,000. NewEdge Advisors LLC lifted its holdings in Ford Motor by 26.3% during the 2nd quarter. NewEdge Advisors LLC now owns 267,895 shares of the auto manufacturer’s stock worth $2,907,000 after buying an additional 55,741 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its position in shares of Ford Motor by 1.5% in the 2nd quarter. Treasurer of the State of North Carolina now owns 1,823,614 shares of the auto manufacturer’s stock worth $19,786,000 after acquiring an additional 26,526 shares in the last quarter. Institutional investors own 58.74% of the company’s stock.
Wall Street Analyst Weigh In
F has been the subject of a number of research analyst reports. Barclays boosted their price target on Ford Motor from $13.00 to $14.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. JPMorgan Chase & Co. raised 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. 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 report on Friday, July 31st. Jefferies Financial Group upgraded shares of Ford Motor from a “hold” rating to a “buy” rating and boosted their target price for the company from $14.50 to $17.50 in a research note on Monday, July 27th. Finally, Piper Sandler increased their target price 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. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $15.68.
Ford Motor Stock Performance
Shares of F opened at $14.36 on Monday. The firm has a fifty day moving average of $14.18 and a 200-day moving average of $13.50. The company has a market cap of $57.26 billion, a price-to-earnings ratio of -7.68, a price-to-earnings-growth ratio of 0.30 and a beta of 1.82. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.93 and a current ratio of 1.09. Ford Motor Company has a 1 year low of $11.11 and a 1 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 for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. The business had revenue of $48.30 billion for the quarter, compared to analysts’ expectations 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 revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.37 EPS. As a group, equities analysts anticipate that Ford Motor Company will post 1.86 earnings per share for the current year.
Ford Motor Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be issued 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 of this dividend is Tuesday, August 11th. Ford Motor’s payout ratio is -32.09%.
About Ford Motor
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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