Perigon Wealth Management LLC Buys New Shares in Ford Motor Company $F

Perigon Wealth Management LLC acquired a new position in shares of Ford Motor Company (NYSE:F) during the second quarter, Holdings Channel reports. The fund acquired 62,949 shares of the auto manufacturer’s stock, valued at approximately $875,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MV Capital Management Inc. acquired a new stake in Ford Motor in the fourth quarter valued at approximately $25,000. McMillan Office Inc. acquired a new stake in Ford Motor in the 4th quarter valued at $26,000. Legacy Wealth Managment LLC ID increased its stake in Ford Motor by 108.4% during 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 in the last quarter. Johnson Financial Group Inc. raised its holdings in Ford Motor by 55.4% during the third quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock worth $28,000 after buying an additional 837 shares during the last quarter. Finally, Caldwell Trust Co lifted its stake in shares of Ford Motor by 605.8% in the first quarter. Caldwell Trust Co now owns 2,534 shares of the auto manufacturer’s stock valued at $29,000 after buying an additional 2,175 shares in the last quarter. 58.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on F shares. DZ Bank upgraded Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 price target for the company in a research note on Friday, July 31st. Wall Street Zen downgraded Ford Motor from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Bank of America raised their target price on Ford Motor from $17.00 to $20.00 and gave the company a “buy” rating in a report on Friday, May 29th. Piper Sandler lifted their target price on Ford Motor from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Finally, The Goldman Sachs Group lifted their target price on Ford Motor from $13.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, June 11th. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $15.68.

Ford Motor Stock Down 0.7%

F opened at $13.95 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07. The stock has a market cap of $55.63 billion, a price-to-earnings ratio of -7.46, a PEG ratio of 0.30 and a beta of 1.82. Ford Motor Company has a twelve month low of $11.11 and a twelve month high of $17.78. The company’s 50-day moving average price is $14.14 and its two-hundred day moving average price is $13.50.

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

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, August 11th. Ford Motor’s dividend payout ratio is -32.09%.

Ford Motor 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.