ACG Wealth bought a new position in shares of Ford Motor (NYSE:F – Get Rating) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 9,681 shares of the auto manufacturer’s stock, valued at approximately $108,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the business. Thompson Siegel & Walmsley LLC acquired a new position in shares of Ford Motor during the 1st quarter valued at $25,000. Ten Capital Wealth Advisors LLC purchased a new stake in shares of Ford Motor in the first quarter valued at about $25,000. Mark Sheptoff Financial Planning LLC raised its holdings in shares of Ford Motor by 199.2% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 1,505 shares of the auto manufacturer’s stock valued at $25,000 after purchasing an additional 1,002 shares during the last quarter. Core Alternative Capital raised its holdings in shares of Ford Motor by 390.2% in the first quarter. Core Alternative Capital now owns 1,696 shares of the auto manufacturer’s stock valued at $29,000 after purchasing an additional 1,350 shares during the last quarter. Finally, Hanson & Doremus Investment Management bought a new position in Ford Motor during the first quarter valued at about $34,000. Institutional investors and hedge funds own 49.89% of the company’s stock.
Ford Motor Stock Down 2.1 %
Ford Motor stock opened at $12.77 on Friday. Ford Motor has a twelve month low of $10.61 and a twelve month high of $25.87. The stock has a 50 day moving average of $14.74 and a two-hundred day moving average of $14.28. The company has a current ratio of 1.16, a quick ratio of 1.00 and a debt-to-equity ratio of 1.92. The stock has a market capitalization of $51.34 billion, a price-to-earnings ratio of 4.47, a PEG ratio of 0.75 and a beta of 1.29.
Ford Motor (NYSE:F – Get Rating) last posted its quarterly earnings data on Wednesday, July 27th. The auto manufacturer reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.24. Ford Motor had a return on equity of 16.91% and a net margin of 7.86%. The business had revenue of $37.91 billion for the quarter, compared to analysts’ expectations of $35.17 billion. During the same quarter last year, the firm earned $0.13 earnings per share. The business’s revenue was up 57.1% on a year-over-year basis. As a group, research analysts expect that Ford Motor will post 2.09 earnings per share for the current year.
Ford Motor Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, August 11th were paid a $0.15 dividend. This is an increase from Ford Motor’s previous quarterly dividend of $0.10. This represents a $0.60 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date was Wednesday, August 10th. Ford Motor’s payout ratio is presently 20.98%.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on F shares. Morgan Stanley increased their target price on shares of Ford Motor from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 2nd. Bank of America decreased their target price on shares of Ford Motor from $32.00 to $28.00 and set a “buy” rating on the stock in a research note on Friday, September 9th. TheStreet upgraded shares of Ford Motor from a “c” rating to a “b-” rating in a report on Wednesday, July 27th. Nomura upgraded shares of Ford Motor from a “reduce” rating to a “neutral” rating and set a $12.40 target price on the stock in a report on Thursday, July 21st. Finally, The Goldman Sachs Group dropped their target price on shares of Ford Motor from $18.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday, June 1st. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $18.28.
About Ford Motor
Ford Motor Company designs, manufactures, markets, and services a range of Ford trucks, cars, sport utility vehicles, electrified vehicles, and Lincoln luxury vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.
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