Angeles Wealth Management LLC Purchases 28,766 Shares of Ford Motor Company (NYSE:F)

Key Points

• Angeles Wealth Management LLC increased its stake in Ford Motor Company by 35.6%, acquiring an additional 28,766 shares, bringing its total holdings to 109,494 shares valued at approximately $1,098,000.
• Ford Motor recently reported earnings of $0.14 per share for the last quarter, exceeding analyst expectations of a loss, while revenue was $40.66 billion, up from an anticipated $35.99 billion.
• The company announced a quarterly dividend of $0.15 per share, resulting in a 5.23% dividend yield, with a payout ratio of 48.00%.

Angeles Wealth Management LLC raised its position in shares of Ford Motor Company (NYSE:F - Free Report) by 35.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 109,494 shares of the auto manufacturer's stock after buying an additional 28,766 shares during the period. Angeles Wealth Management LLC's holdings in Ford Motor were worth $1,098,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Kovack Advisors Inc. lifted its stake in Ford Motor by 1.7% in the first quarter. Kovack Advisors Inc. now owns 62,199 shares of the auto manufacturer's stock worth $624,000 after acquiring an additional 1,035 shares during the period. Partners Wealth Management LLC raised its stake in Ford Motor by 8.4% in the first quarter. Partners Wealth Management LLC now owns 13,903 shares of the auto manufacturer's stock worth $139,000 after buying an additional 1,082 shares in the last quarter. Proficio Capital Partners LLC raised its stake in Ford Motor by 10.1% in the fourth quarter. Proficio Capital Partners LLC now owns 12,118 shares of the auto manufacturer's stock worth $120,000 after buying an additional 1,112 shares in the last quarter. Pitcairn Co. lifted its holdings in Ford Motor by 2.2% in the fourth quarter. Pitcairn Co. now owns 53,324 shares of the auto manufacturer's stock worth $528,000 after buying an additional 1,135 shares during the period. Finally, NorthCrest Asset Manangement LLC boosted its position in Ford Motor by 7.6% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 16,203 shares of the auto manufacturer's stock valued at $163,000 after acquiring an additional 1,140 shares in the last quarter. Institutional investors own 58.74% of the company's stock.

Ford Motor Price Performance

F stock opened at $11.47 on Friday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.97 and a current ratio of 1.13. The company's fifty day moving average price is $10.87 and its 200-day moving average price is $10.17. Ford Motor Company has a one year low of $8.44 and a one year high of $11.97. The company has a market capitalization of $45.59 billion, a PE ratio of 9.17, a price-to-earnings-growth ratio of 3.30 and a beta of 1.49.

Ford Motor (NYSE:F - Get Free Report) last posted its earnings results on Monday, May 5th. The auto manufacturer reported $0.14 EPS for the quarter, topping analysts' consensus estimates of ($0.02) by $0.16. The company had revenue of $40.66 billion for the quarter, compared to the consensus estimate of $35.99 billion. Ford Motor had a return on equity of 13.49% and a net margin of 2.74%. The firm's revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.49 earnings per share. On average, equities analysts anticipate that Ford Motor Company will post 1.47 EPS for the current fiscal 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 given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.23%. The ex-dividend date was Monday, May 12th. Ford Motor's dividend payout ratio is 48.00%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. UBS Group boosted their price objective on shares of Ford Motor from $9.00 to $11.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. The Goldman Sachs Group boosted their price target on Ford Motor from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Sanford C. Bernstein lowered Ford Motor from a "market perform" rating to an "underperform" rating and reduced their price objective for the company from $9.40 to $7.00 in a research report on Wednesday, April 9th. Wolfe Research upgraded Ford Motor from an "underperform" rating to a "peer perform" rating in a research note on Wednesday, April 30th. Finally, Piper Sandler increased their target price on Ford Motor from $8.50 to $9.00 and gave the stock a "neutral" rating in a research note on Thursday, May 22nd. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. According to MarketBeat, Ford Motor currently has an average rating of "Hold" and a consensus target price of $10.37.

Insider Activity at Ford Motor

In other news, insider Andrew Frick sold 30,000 shares of the firm's 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 sale, the insider directly owned 113,939 shares of the company's stock, valued at $1,253,329. This trade represents a 20.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.48% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.