Insight Wealth Partners LLC bought a new position in shares of Ford Motor Company (NYSE:F – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 647,831 shares of the auto manufacturer’s stock, valued at approximately $9,005,000. Ford Motor accounts for 1.2% of Insight Wealth Partners LLC’s portfolio, making the stock its 6th largest holding.
Several other large investors have also added to or reduced their stakes in F. Caxton Associates LLP purchased a new stake in shares of Ford Motor in the first quarter worth $304,000. Empowered Funds LLC lifted its stake in shares of Ford Motor by 41.6% during the 1st 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 purchased a new position in shares of Ford Motor during the 2nd quarter valued at $172,000. NewEdge Advisors LLC boosted its holdings in Ford Motor by 26.3% in 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 period. Finally, Treasurer of the State of North Carolina boosted its holdings in 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 buying an additional 26,526 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on F shares. UBS Group raised their price target on Ford Motor from $14.00 to $17.00 and gave the company a “buy” rating in a report on Monday, June 8th. Jefferies Financial Group raised Ford Motor from a “hold” rating to a “buy” rating and lifted their target price for the company from $14.50 to $17.50 in a research note on Monday, July 27th. Wall Street Zen downgraded Ford Motor from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Ford Motor in a research report on Wednesday, June 24th. Finally, Royal Bank Of Canada boosted their target price on shares of Ford Motor from $13.00 to $15.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 29th. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Ford Motor currently has a consensus rating of “Hold” and an average target price of $15.68.
Ford Motor Price Performance
Shares of Ford Motor stock opened at $14.36 on Monday. The firm has a market cap of $57.26 billion, a PE ratio of -7.68, a PEG ratio of 0.30 and a beta of 1.82. The stock has a 50 day moving average of $14.18 and a 200 day moving average 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. Ford Motor Company has a 12 month low of $11.11 and a 12 month 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, topping analysts’ consensus estimates of $0.33 by $0.09. The business 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%.The company’s revenue was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS. On average, research analysts expect that Ford Motor Company will post 1.86 EPS for the current fiscal year.
Ford Motor Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be paid 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 yield of 4.2%. Ford Motor’s dividend payout ratio is presently -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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