TopTier Wealth Management LLC Makes New $672,000 Investment in Ford Motor Company $F

TopTier Wealth Management LLC purchased a new stake in Ford Motor Company (NYSE:F) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 55,703 shares of the auto manufacturer’s stock, valued at approximately $672,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealthfront Advisers LLC acquired a new position in shares of Ford Motor during the 2nd quarter valued at $11,492,000. Public Employees Retirement System of Ohio increased its holdings in Ford Motor by 22.4% in the 1st quarter. Public Employees Retirement System of Ohio now owns 2,001,319 shares of the auto manufacturer’s stock valued at $23,095,000 after purchasing an additional 366,218 shares in the last quarter. KBC Group NV increased its holdings in Ford Motor by 223.5% in the 1st quarter. KBC Group NV now owns 2,229,629 shares of the auto manufacturer’s stock valued at $25,729,000 after purchasing an additional 1,540,403 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc purchased a new position in Ford Motor in the second quarter valued at about $1,730,000. Finally, Blue Capital Inc. purchased a new position in Ford Motor in the second quarter valued at about $2,425,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on F. Wells Fargo & Company boosted their price objective on Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a research note on Thursday, June 25th. Barclays increased their target price on Ford Motor from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Citigroup upgraded Ford Motor from a “neutral” rating to a “buy” rating and raised their target price for the company from $19.00 to $20.00 in a report on Wednesday, July 29th. The Goldman Sachs Group dropped their target price on Ford Motor from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Tuesday, October 6th. Finally, BNP Paribas Exane boosted their price target on Ford Motor from $14.00 to $14.50 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Ford Motor presently has an average rating of “Hold” and a consensus price target of $15.36.

Ford Motor Stock Up 2.3%

Shares of NYSE:F opened at $12.33 on Friday. The company’s fifty day moving average is $13.36 and its two-hundred day moving average is $13.56. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.93 and a current ratio of 1.09. Ford Motor Company has a 1-year low of $11.11 and a 1-year high of $17.78. The stock has a market capitalization of $49.15 billion, a price-to-earnings ratio of -6.59, a price-to-earnings-growth ratio of 0.25 and a beta of 1.93.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS for the quarter, beating the consensus estimate of $0.33 by $0.09. The business had revenue of $48.30 billion during the quarter, compared to analyst estimates of $47.24 billion. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The company’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.37 EPS. Equities analysts anticipate that Ford Motor Company will post 1.86 EPS for the current year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 4.9%. Ford Motor’s dividend payout ratio is currently -32.09%.

About Ford Motor

Ford Motor Co is an American automobile manufacturer that designs, manufactures, markets and services a broad range of vehicles and mobility-related products. Its lineup includes cars, trucks, sport utility vehicles, commercial vehicles and electric vehicles sold under the Ford brand, as well as luxury vehicles marketed through its Lincoln brand.

Founded by Henry Ford in 1903 and headquartered in Dearborn, Michigan, Ford is one of the world’s oldest major automakers. The company helped popularize mass automobile production and continues to serve customers in North America, South America, Europe and other international markets through manufacturing, sales and distribution operations.

Ford organizes its operations around Ford Blue for gasoline and hybrid vehicles, Model e for electric vehicles, and Ford Pro for commercial customers and related services.