Quantitative Investment Management LLC Acquires New Holdings in Ford Motor Company $F

Key Points

• Quantitative Investment Management LLC purchased 236,607 shares of Ford Motor Company, valued at approximately $2.37 million, marking a significant investment during the first quarter.
• Ford Motor also announced a quarterly dividend of $0.15 per share with a yield of 5.1%, reflecting a strong commitment to returning value to shareholders.
• Wall Street analysts have a consensus rating of "Reduce" on Ford stock, with varying target prices and recent upgrades and downgrades from several financial institutions.

Quantitative Investment Management LLC purchased a new position in shares of Ford Motor Company (NYSE:F - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 236,607 shares of the auto manufacturer's stock, valued at approximately $2,373,000.

Other institutional investors have also modified their holdings of the company. Tounjian Advisory Partners LLC acquired a new stake in Ford Motor in the first quarter valued at $974,000. Generali Investments CEE investicni spolecnost a.s. raised its position in shares of Ford Motor by 25.0% during the 1st quarter. Generali Investments CEE investicni spolecnost a.s. now owns 300,000 shares of the auto manufacturer's stock worth $3,009,000 after acquiring an additional 60,000 shares in the last quarter. Abundance Wealth Counselors raised its position in shares of Ford Motor by 32.6% during the 1st quarter. Abundance Wealth Counselors now owns 157,919 shares of the auto manufacturer's stock worth $1,594,000 after acquiring an additional 38,794 shares in the last quarter. Maridea Wealth Management LLC lifted its stake in Ford Motor by 280.2% during the first quarter. Maridea Wealth Management LLC now owns 53,687 shares of the auto manufacturer's stock worth $538,000 after purchasing an additional 39,567 shares during the last quarter. Finally, OneAscent Financial Services LLC boosted its holdings in Ford Motor by 107.1% in the first quarter. OneAscent Financial Services LLC now owns 122,748 shares of the auto manufacturer's stock valued at $1,224,000 after purchasing an additional 63,488 shares in the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Stock Up 0.7%

Shares of F traded up $0.09 during mid-day trading on Wednesday, reaching $11.93. 40,264,928 shares of the stock traded hands, compared to its average volume of 97,698,539. The firm has a market cap of $47.46 billion, a price-to-earnings ratio of 15.29, a P/E/G ratio of 3.38 and a beta of 1.48. The stock has a fifty day simple moving average of $11.27 and a 200 day simple moving average of $10.38. The company has a quick ratio of 0.95, a current ratio of 1.10 and a debt-to-equity ratio of 2.24. Ford Motor Company has a 12-month low of $8.44 and a 12-month high of $11.98.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The auto manufacturer reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.04. The firm had revenue of $50.18 billion for the quarter, compared to analyst estimates of $42.91 billion. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The firm's revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.47 EPS. Sell-side analysts expect that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 11th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Monday, August 11th. Ford Motor's dividend payout ratio is currently 76.92%.

Wall Street Analysts Forecast Growth

F has been the subject of several recent analyst reports. Jefferies Financial Group boosted their price objective on shares of Ford Motor from $8.00 to $9.00 and gave the stock an "underperform" rating in a research report on Monday, August 11th. JPMorgan Chase & Co. boosted their price target on shares of Ford Motor from $12.00 to $13.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Wall Street Zen upgraded shares of Ford Motor from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Citigroup lifted their target price on Ford Motor from $10.00 to $11.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Finally, Barclays upped their target price on Ford Motor from $9.00 to $11.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Two research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Reduce" and an average price target of $10.53.

Insider Transactions at Ford Motor

In other Ford Motor news, insider Andrew Frick sold 30,000 shares of Ford Motor stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total value of $330,000.00. Following the completion of the transaction, the insider directly owned 113,939 shares in the company, valued at $1,253,329. The trade was a 20.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.48% of the stock is owned by corporate insiders.

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.