Greg Jennings LLC bought a new stake in Ford Motor Company (NYSE:F – Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 71,313 shares of the auto manufacturer’s stock, valued at approximately $860,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of F. MV Capital Management Inc. purchased a new position in Ford Motor during the fourth quarter worth approximately $25,000. Ninety One UK Ltd purchased a new stake in shares of Ford Motor during the 3rd quarter valued at $25,000. Legacy Wealth Managment LLC ID grew its stake in shares of 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. Caldwell Trust Co grew its stake in shares of Ford Motor by 605.8% during the 1st quarter. Caldwell Trust Co now owns 2,534 shares of the auto manufacturer’s stock valued at $29,000 after buying an additional 2,175 shares during the period. Finally, SJS Investment Consulting Inc. increased its holdings in shares of Ford Motor by 343.3% during the 1st quarter. SJS Investment Consulting Inc. now owns 2,633 shares of the auto manufacturer’s stock worth $30,000 after buying an additional 2,039 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.
Analysts Set New Price Targets
Several research analysts recently weighed in on the company. Barclays increased their target price on Ford Motor from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. UBS Group reduced their target price on Ford Motor from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, October 7th. TD Cowen boosted their price target on Ford Motor from $13.00 to $15.00 and gave the company a “hold” rating in a research report on Wednesday, July 29th. Zacks Research downgraded Ford Motor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Finally, Weiss Ratings lowered Ford Motor from a “buy (b)” rating to a “hold (c-)” rating in a research note on Friday, October 2nd. Seven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.36.
Get Our Latest Research Report on Ford Motor
Ford Motor Trading Down 2.0%
F stock traded down $0.24 during midday trading on Monday, reaching $12.19. 31,335,829 shares of the company’s stock traded hands, compared to its average volume of 56,321,414. 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 Company has a fifty-two week low of $11.11 and a fifty-two week high of $17.78. The business has a 50-day moving average price of $13.33 and a two-hundred day moving average price of $13.57. The company has a market capitalization of $48.59 billion, a P/E ratio of -6.52, a PEG ratio of 0.25 and a beta of 1.93.
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 the consensus estimate of $0.33 by $0.09. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The company had revenue of $48.30 billion during the quarter, compared to analyst estimates of $47.24 billion. During the same quarter in the prior year, the business earned $0.37 earnings per share. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. Equities research analysts forecast 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 was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Tuesday, August 11th. Ford Motor’s dividend payout ratio is -32.09%.
Ford Motor Company Profile
Ford Motor Co is an American automobile manufacturer founded in 1903 by Henry Ford and headquartered in Dearborn, Michigan. The company helped popularize mass automobile production and is known for brands including Ford and Lincoln.
Ford develops, manufactures and sells cars, trucks, sport utility vehicles, commercial vehicles and electric vehicles. Its product portfolio includes the F-Series pickup trucks, Transit commercial vans, Mustang sports cars and a range of utility vehicles. The company also provides vehicle software, connected services, fleet solutions, maintenance and other support services.
Ford operates through Ford Blue, which focuses on gasoline- and hybrid-powered vehicles; Model e, which develops electric vehicles and related technologies; and Ford Pro, which serves commercial and fleet customers.
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