Strengthening Families & Communities LLC cut its holdings in shares of Ford Motor Company (NYSE:F – Free Report) by 51.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,932 shares of the auto manufacturer’s stock after selling 3,051 shares during the period. Strengthening Families & Communities LLC’s holdings in Ford Motor were worth $29,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. Wedmont Private Capital boosted its holdings in Ford Motor by 3.0% in the 2nd quarter. Wedmont Private Capital now owns 31,593 shares of the auto manufacturer’s stock worth $374,000 after buying an additional 934 shares during the last quarter. Meriwether Wealth & Planning LLC boosted its holdings in Ford Motor by 6.9% in the 2nd quarter. Meriwether Wealth & Planning LLC now owns 15,186 shares of the auto manufacturer’s stock worth $165,000 after buying an additional 985 shares during the last quarter. Atlas Capital Advisors Inc. boosted its holdings in Ford Motor by 21.2% in the 1st quarter. Atlas Capital Advisors Inc. now owns 5,665 shares of the auto manufacturer’s stock worth $57,000 after buying an additional 989 shares during the last quarter. City Holding Co. boosted its holdings in Ford Motor by 47.8% in the 2nd quarter. City Holding Co. now owns 3,090 shares of the auto manufacturer’s stock worth $34,000 after buying an additional 1,000 shares during the last quarter. Finally, Childress Capital Advisors LLC boosted its holdings in Ford Motor by 6.2% in the 2nd quarter. Childress Capital Advisors LLC now owns 17,321 shares of the auto manufacturer’s stock worth $188,000 after buying an additional 1,006 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
F has been the topic of several research analyst reports. Piper Sandler lifted their price objective on Ford Motor from $9.00 to $9.50 and gave the stock a “neutral” rating in a report on Thursday, July 31st. JPMorgan Chase & Co. raised their target price on shares of Ford Motor from $12.00 to $13.00 and gave the stock an “overweight” rating in a research note on Monday, July 21st. UBS Group raised their target price on shares of Ford Motor from $11.00 to $12.50 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Ford Motor in a research note on Saturday, September 27th. Finally, The Goldman Sachs Group raised their target price on shares of Ford Motor from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, September 29th. Two research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Ford Motor presently has an average rating of “Hold” and an average target price of $11.04.
Ford Motor Stock Down 0.7%
F stock opened at $11.43 on Friday. The firm has a market cap of $45.47 billion, a PE ratio of 14.65, a PEG ratio of 3.31 and a beta of 1.53. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.95 and a current ratio of 1.10. The firm’s 50 day moving average price is $11.67 and its 200-day moving average price is $10.88. Ford Motor Company has a one year low of $8.44 and a one year high of $12.80.
Ford Motor (NYSE:F – Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 EPS for the quarter, beating the consensus estimate of $0.33 by $0.04. The firm had revenue of $50.18 billion for the quarter, compared to analyst estimates of $42.91 billion. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.47 EPS. On average, equities research analysts anticipate that Ford Motor Company will post 1.47 EPS for the current year.
Ford Motor Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend was Monday, August 11th. Ford Motor’s payout ratio is presently 76.92%.
Ford Motor Company Profile
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.
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