Ford Motor Company $F Holdings Lowered by Tcfg Wealth Management LLC

Tcfg Wealth Management LLC trimmed its stake in shares of Ford Motor Company (NYSE:F) by 85.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 23,830 shares of the auto manufacturer’s stock after selling 139,224 shares during the quarter. Tcfg Wealth Management LLC’s holdings in Ford Motor were worth $259,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Grove Bank & Trust lifted its holdings in shares of Ford Motor by 289.1% during the first quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer’s stock valued at $25,000 after purchasing an additional 1,882 shares during the last quarter. Elite Financial Inc. purchased a new stake in shares of Ford Motor during the first quarter valued at $27,000. Olde Wealth Management LLC purchased a new stake in shares of Ford Motor during the first quarter valued at $28,000. MorganRosel Wealth Management LLC purchased a new stake in shares of Ford Motor during the first quarter valued at $30,000. Finally, WPG Advisers LLC purchased a new stake in shares of Ford Motor during the first quarter valued at $33,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Stock Performance

Shares of F stock opened at $11.93 on Wednesday. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.10 and a quick ratio of 0.95. Ford Motor Company has a fifty-two week low of $8.44 and a fifty-two week high of $12.80. The stock’s 50-day moving average is $11.63 and its two-hundred day moving average is $10.86. The firm has a market cap of $47.46 billion, a P/E ratio of 15.29, a PEG ratio of 3.65 and a beta of 1.53.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.04. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.The company had revenue of $50.18 billion for the quarter, compared to analyst estimates of $42.91 billion. During the same period in the prior year, the firm posted $0.47 EPS. The business’s revenue was up 5.0% compared to the same quarter last year. Analysts predict that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Monday, August 11th. Ford Motor’s dividend payout ratio is presently 76.92%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. upped their target price on Ford Motor from $12.00 to $13.00 and gave the company an “overweight” rating in a report on Monday, July 21st. Jefferies Financial Group raised Ford Motor from an “underperform” rating to a “hold” rating and increased their price objective for the stock from $9.00 to $12.00 in a research note on Monday. Wells Fargo & Company increased their price objective on Ford Motor from $8.00 to $10.00 and gave the stock an “underweight” rating in a research note on Friday, October 3rd. Royal Bank Of Canada increased their price objective on Ford Motor from $10.00 to $11.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 5th. Finally, Barclays increased their price objective on Ford Motor from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 16th. Two analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $11.04.

About Ford Motor

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.