Syverson Strege & Co Invests $278,000 in Ford Motor Company $F

Syverson Strege & Co bought a new position in shares of Ford Motor Company (NYSE:F) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 25,605 shares of the auto manufacturer’s stock, valued at approximately $278,000.

Other large investors also recently made changes to their positions in the company. Trust Co. of Toledo NA OH bought a new position in shares of Ford Motor during the second quarter worth approximately $25,000. Elite Financial Inc. bought a new position in Ford Motor during the 1st quarter worth $27,000. Olde Wealth Management LLC bought a new position in Ford Motor during the 1st quarter worth $28,000. AlphaQuest LLC increased its stake in Ford Motor by 1,018.5% during the 2nd quarter. AlphaQuest LLC now owns 3,087 shares of the auto manufacturer’s stock worth $33,000 after acquiring an additional 2,811 shares during the period. Finally, City Holding Co. increased its stake in Ford Motor by 47.8% during the 2nd quarter. City Holding Co. now owns 3,090 shares of the auto manufacturer’s stock worth $34,000 after acquiring an additional 1,000 shares during the period. Institutional investors own 58.74% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Barclays raised their price objective on Ford Motor from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Monday, October 27th. JPMorgan Chase & Co. raised their price objective on Ford Motor from $13.00 to $14.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Piper Sandler raised their price objective on Ford Motor from $9.50 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Dbs Bank lowered Ford Motor from a “hold” rating to a “moderate sell” rating in a research note on Monday, August 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ford Motor in a research note on Tuesday, October 14th. Two analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.73.

Ford Motor Price Performance

F stock opened at $13.13 on Friday. The firm has a 50 day moving average price of $12.01 and a 200-day moving average price of $11.20. Ford Motor Company has a 52-week low of $8.44 and a 52-week high of $13.97. The firm has a market capitalization of $52.24 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 4.03 and a beta of 1.53. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.98 and a current ratio of 1.12.

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

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 7th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $0.60 annualized dividend and a dividend yield of 4.6%. Ford Motor’s dividend payout ratio (DPR) is 51.72%.

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.