Foster & Motley Inc. purchased a new position in Ford Motor Company (NYSE:F – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 39,291 shares of the auto manufacturer’s stock, valued at approximately $546,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MV Capital Management Inc. purchased a new position in shares of Ford Motor in the fourth quarter worth $25,000. McMillan Office Inc. purchased a new position in Ford Motor during the fourth quarter valued at $26,000. Legacy Wealth Managment LLC ID grew its stake in Ford Motor by 108.4% during the first quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock valued at $27,000 after acquiring an additional 1,230 shares in the last quarter. Johnson Financial Group Inc. increased its holdings in Ford Motor by 55.4% in the 3rd quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock valued at $28,000 after acquiring an additional 837 shares during the last quarter. Finally, Caldwell Trust Co increased its holdings in Ford Motor by 605.8% in the 1st quarter. Caldwell Trust Co now owns 2,534 shares of the auto manufacturer’s stock valued at $29,000 after acquiring an additional 2,175 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on F. Wall Street Zen lowered Ford Motor from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Bank of America boosted their target price on Ford Motor from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. DZ Bank raised Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 price target for the company in a research note on Friday, July 31st. Dbs Bank upgraded Ford Motor from a “hold” rating to a “moderate buy” rating in a report on Tuesday, August 11th. Finally, Jefferies Financial Group upgraded Ford Motor from a “hold” rating to a “buy” rating and raised their price target for the company from $14.50 to $17.50 in a report on Monday, July 27th. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $15.68.
Ford Motor Trading Down 3.7%
Shares of F stock opened at $13.97 on Friday. The company has a market cap of $55.71 billion, a PE ratio of -7.47, a price-to-earnings-growth ratio of 0.30 and a beta of 1.82. Ford Motor Company has a 1 year low of $11.11 and a 1 year high of $17.78. The stock’s 50 day simple moving average is $14.13 and its two-hundred day simple moving average is $13.50. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.09 and a quick ratio of 0.93.
Ford Motor (NYSE:F – Get Free Report) last announced 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 firm had revenue of $48.30 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.37 EPS. Research analysts predict that Ford Motor Company will post 1.86 earnings per share for the current year.
Ford Motor Announces Dividend
The company also recently disclosed 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 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, August 11th. Ford Motor’s payout ratio is presently -32.09%.
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.
Featured Articles
- Five stocks we like better than Ford Motor
- 3 Energy Stocks Raising Dividends as the Sector Surges
- 5 Reasons the S&P 500 Could Keep Rallying Through Year-End
- Walmart’s Post-Earnings Drop Could Be a Buying Opportunity
- The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future
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.
