Tounjian Advisory Partners LLC acquired a new position in Ford Motor (NYSE:F - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 97,092 shares of the auto manufacturer's stock, valued at approximately $974,000.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Bank of Jackson Hole Trust bought a new position in Ford Motor during the 4th quarter worth $29,000. Flagship Wealth Advisors LLC acquired a new position in shares of Ford Motor during the fourth quarter valued at $30,000. Kentucky Trust Co bought a new position in shares of Ford Motor during the fourth quarter worth about $31,000. Spurstone Advisory Services LLC acquired a new stake in shares of Ford Motor in the 4th quarter worth about $31,000. Finally, Wood Tarver Financial Group LLC bought a new stake in Ford Motor in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 58.74% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have commented on F. JPMorgan Chase & Co. upped their target price on shares of Ford Motor from $11.00 to $12.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. UBS Group decreased their price objective on Ford Motor from $10.00 to $9.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Evercore ISI lowered their price target on Ford Motor from $11.00 to $10.00 and set an "in-line" rating on the stock in a report on Monday, February 10th. Barclays increased their target price on shares of Ford Motor from $8.00 to $9.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Finally, Wall Street Zen downgraded shares of Ford Motor from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Ford Motor has a consensus rating of "Hold" and an average target price of $10.03.
View Our Latest Report on F
Ford Motor Trading Up 2.5%
Shares of Ford Motor stock traded up $0.26 on Tuesday, reaching $10.60. 87,871,817 shares of the company were exchanged, compared to its average volume of 79,415,175. Ford Motor has a fifty-two week low of $8.44 and a fifty-two week high of $14.85. The firm has a market capitalization of $42.13 billion, a price-to-earnings ratio of 7.26, a price-to-earnings-growth ratio of 0.61 and a beta of 1.50. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The stock has a fifty day moving average price of $10.02 and a 200-day moving average price of $9.98.
Ford Motor (NYSE:F - Get Free Report) last released its earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.16. The business had revenue of $40.66 billion for the quarter, compared to the consensus estimate of $35.99 billion. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. The firm's quarterly revenue was down 6.2% compared to the same quarter last year. During the same period last year, the firm posted $0.49 earnings per share. On average, analysts expect that Ford Motor will post 1.47 EPS for the current year.
Ford Motor Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 12th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.66%. Ford Motor's payout ratio is currently 48.00%.
Ford Motor Company Profile
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Free Report)
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.
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