60,204 Shares in Ford Motor Company $F Acquired by N.E.W. Advisory Services LLC

N.E.W. Advisory Services LLC acquired a new stake in shares of Ford Motor Company (NYSE:F) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 60,204 shares of the auto manufacturer’s stock, valued at approximately $837,000.

Other hedge funds also recently bought and sold shares of the company. MV Capital Management Inc. acquired a new position in Ford Motor in the 4th quarter worth approximately $25,000. McMillan Office Inc. acquired a new position in Ford Motor in the fourth quarter worth approximately $26,000. Johnson Financial Group Inc. lifted its stake in Ford Motor by 55.4% in the third quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock valued at $28,000 after acquiring an additional 837 shares during the last quarter. Legacy Wealth Managment LLC ID lifted its stake in shares of Ford Motor by 108.4% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 1,230 shares during the last quarter. Finally, Garton & Associates Financial Advisors LLC acquired a new stake in shares of Ford Motor in the fourth quarter worth about $32,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Price Performance

Shares of Ford Motor stock opened at $14.36 on Monday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.93 and a current ratio of 1.09. The firm’s 50-day simple moving average is $14.18 and its 200-day simple moving average is $13.50. Ford Motor Company has a twelve month low of $11.11 and a twelve month high of $17.78. The firm has a market cap of $57.26 billion, a P/E ratio of -7.68, a price-to-earnings-growth ratio of 0.30 and a beta of 1.82.

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

Ford Motor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.2%. Ford Motor’s dividend payout ratio is presently -32.09%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. Dbs Bank upgraded shares of Ford Motor from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, August 11th. The Goldman Sachs Group boosted their price target on Ford Motor from $13.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, June 11th. Piper Sandler raised their price objective on Ford Motor from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Finally, Citigroup upgraded Ford Motor from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $19.00 to $20.00 in a research report on Wednesday, July 29th. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $15.68.

Ford Motor Company Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.