Archer Investment Corp Takes Position in Ford Motor Company $F

Key Points

• Archer Investment Corp. bought 107,095 Ford shares during the second quarter, valued at approximately $1.49 million. Institutional investors collectively own 58.74% of Ford’s stock.
• Ford reported quarterly earnings of $0.42 per share, beating estimates of $0.33, while revenue reached $48.30 billion but declined 3.8% year over year.
• Ford announced a quarterly dividend of $0.15 per share, equivalent to an annualized $0.60 dividend and a 4.3% yield. Analysts maintain a consensus “Hold” rating with an average price target of $15.68.

Archer Investment Corp bought a new position in Ford Motor Company (NYSE:F - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 107,095 shares of the auto manufacturer's stock, valued at approximately $1,489,000.

Several other hedge funds have also bought and sold shares of the stock. Caxton Associates LLP bought a new position in shares of Ford Motor in the first quarter worth approximately $304,000. Empowered Funds LLC increased its stake in shares of Ford Motor by 41.6% in the first quarter. Empowered Funds LLC now owns 147,760 shares of the auto manufacturer's stock worth $1,482,000 after purchasing an additional 43,385 shares in the last quarter. Jump Financial LLC bought a new stake in shares of Ford Motor during the 2nd quarter valued at $172,000. NewEdge Advisors LLC lifted its stake in shares of Ford Motor by 26.3% during the 2nd quarter. NewEdge Advisors LLC now owns 267,895 shares of the auto manufacturer's stock valued at $2,907,000 after buying an additional 55,741 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in shares of Ford Motor by 1.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 1,823,614 shares of the auto manufacturer's stock valued at $19,786,000 after buying an additional 26,526 shares in the last quarter. Institutional investors own 58.74% of the company's stock.

Ford Motor Trading Down 0.4%

Shares of F stock opened at $13.89 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 3.07. The stock has a market capitalization of $55.39 billion, a price-to-earnings ratio of -7.43, a price-to-earnings-growth ratio of 0.29 and a beta of 1.82. Ford Motor Company has a 12-month low of $11.11 and a 12-month high of $17.78. The stock's 50-day moving average price is $14.09 and its 200-day moving average price is $13.52.

Ford Motor (NYSE:F - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.09. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.The business had revenue of $48.30 billion during the quarter, compared to analysts' expectations of $47.24 billion. During the same quarter last year, the business posted $0.37 EPS. The firm's revenue for the quarter was down 3.8% compared to the same quarter last year. Equities research analysts predict that Ford Motor Company will post 1.86 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm 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 $0.15 dividend. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.3%. Ford Motor's dividend payout ratio (DPR) is -32.09%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on F shares. Barclays increased their price target on Ford Motor from $13.00 to $14.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 9th. Zacks Research downgraded Ford Motor from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 4th. Wall Street Zen lowered Ford Motor from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Weiss Ratings reiterated a "buy (b)" rating on shares of Ford Motor in a research report on Wednesday, June 24th. Finally, JPMorgan Chase & Co. lifted their target price on Ford Motor from $16.00 to $17.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $15.68.

About Ford Motor

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.

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