Concurrent Investment Advisors LLC Raises Stock Position in Ford Motor Company $F

Concurrent Investment Advisors LLC raised its stake in shares of Ford Motor Company (NYSE:F) by 6.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 220,087 shares of the auto manufacturer’s stock after purchasing an additional 13,086 shares during the period. Concurrent Investment Advisors LLC’s holdings in Ford Motor were worth $2,388,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Grove Bank & Trust boosted its holdings in shares of Ford Motor by 289.1% during the 1st 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. Trust Co. of Toledo NA OH bought a new position in shares of Ford Motor during the 2nd quarter valued at about $25,000. Elite Financial Inc. bought a new position in shares of Ford Motor in the 1st quarter valued at about $27,000. Olde Wealth Management LLC bought a new position in shares of Ford Motor in the 1st quarter valued at about $28,000. Finally, MorganRosel Wealth Management LLC bought a new position in shares of Ford Motor in the 1st quarter valued at about $30,000. Institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Performance

F stock opened at $11.67 on Wednesday. The firm has a market cap of $46.43 billion, a price-to-earnings ratio of 14.96, a PEG ratio of 3.30 and a beta of 1.53. The firm has a 50-day simple moving average of $11.69 and a two-hundred day simple moving average of $10.91. Ford Motor Company has a one year low of $8.44 and a one year high of $12.80. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.95 and a current ratio of 1.10.

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

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.1%. The ex-dividend date was Monday, August 11th. Ford Motor’s dividend payout ratio is currently 76.92%.

Wall Street Analysts Forecast Growth

F has been the subject of a number of analyst reports. The Goldman Sachs Group increased their price target on shares of Ford Motor from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, September 29th. Jefferies Financial Group raised shares of Ford Motor from an “underperform” rating to a “hold” rating and raised their price objective for the stock from $9.00 to $12.00 in a research note on Monday, October 6th. Barclays raised their price objective on shares of Ford Motor from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 16th. Wall Street Zen raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ford Motor in a research report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Ford Motor currently 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.