Resonant Capital Advisors LLC Raises Stock Position in Ford Motor Company $F

Resonant Capital Advisors LLC increased its holdings in shares of Ford Motor Company (NYSE:F) by 20.7% in the second quarter, Holdings Channel reports. The firm owned 24,125 shares of the auto manufacturer’s stock after acquiring an additional 4,141 shares during the period. Resonant Capital Advisors LLC’s holdings in Ford Motor were worth $262,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Spire Wealth Management boosted its position in shares of Ford Motor by 8.4% in the first quarter. Spire Wealth Management now owns 20,320 shares of the auto manufacturer’s stock worth $204,000 after buying an additional 1,576 shares during the period. Aurora Private Wealth Inc. purchased a new position in Ford Motor in the 1st quarter worth approximately $106,000. Bessemer Group Inc. grew its position in Ford Motor by 25.3% in the first quarter. Bessemer Group Inc. now owns 46,871 shares of the auto manufacturer’s stock valued at $471,000 after acquiring an additional 9,457 shares in the last quarter. Golden State Wealth Management LLC raised its stake in shares of Ford Motor by 142.6% during the first quarter. Golden State Wealth Management LLC now owns 12,143 shares of the auto manufacturer’s stock valued at $122,000 after purchasing an additional 7,138 shares during the period. Finally, Perigon Wealth Management LLC lifted its position in shares of Ford Motor by 7.8% during the first quarter. Perigon Wealth Management LLC now owns 39,090 shares of the auto manufacturer’s stock worth $392,000 after purchasing an additional 2,832 shares in the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Stock Performance

Shares of F opened at $13.23 on Tuesday. The stock has a market capitalization of $52.63 billion, a PE ratio of 11.40, a price-to-earnings-growth ratio of 4.08 and a beta of 1.53. The business’s fifty day moving average price is $11.89 and its 200 day moving average price is $11.10. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 0.98. Ford Motor Company has a 12-month low of $8.44 and a 12-month high of $13.97.

Ford Motor (NYSE:F) last issued its earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. Ford Motor had a net margin of 2.48% and a return on equity of 11.94%. The company had revenue of $50.53 billion for the quarter, compared to analysts’ expectations of $43.08 billion. During the same period in the prior year, the company earned $0.49 earnings per share. The firm’s revenue was up 9.4% compared to the same quarter last year. Equities research analysts forecast that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 7th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Friday, November 7th. Ford Motor’s payout ratio is presently 51.72%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on F shares. Jefferies Financial Group raised shares of Ford Motor from an “underperform” rating to a “hold” rating and raised their price target for the company from $9.00 to $12.00 in a report on Monday, October 6th. JPMorgan Chase & Co. lifted their price objective on Ford Motor from $13.00 to $14.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Dbs Bank cut Ford Motor from a “hold” rating to a “moderate sell” rating in a research note on Monday, August 4th. The Goldman Sachs Group raised their price target on shares of Ford Motor from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, September 29th. Finally, Barclays upped their price target on shares of Ford Motor from $11.00 to $12.00 and gave the company an “equal weight” rating in a report on Monday. Two research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Ford Motor has a consensus rating of “Hold” and an average target price of $11.61.

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.