Centennial Wealth Advisory LLC Buys 24,458 Shares of Ford Motor Company $F

Key Points

• Centennial Wealth Advisory LLC increased its stake in Ford Motor Company by 46.4%, acquiring an additional 24,458 shares for a total of 77,224 shares valued at $838,000.
• Ford's recent earnings report revealed a quarterly EPS of $0.37, exceeding expectations, with revenue of $50.18 billion, marking a 5.0% year-over-year increase.
• The company announced a quarterly dividend of $0.15 per share, representing a 5.0% yield, with a payout ratio of 76.92%.

Centennial Wealth Advisory LLC grew its stake in shares of Ford Motor Company (NYSE:F - Free Report) by 46.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,224 shares of the auto manufacturer's stock after buying an additional 24,458 shares during the period. Centennial Wealth Advisory LLC's holdings in Ford Motor were worth $838,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of F. Versant Capital Management Inc increased its position in shares of Ford Motor by 133.4% during the first quarter. Versant Capital Management Inc now owns 6,119 shares of the auto manufacturer's stock valued at $61,000 after buying an additional 3,497 shares during the period. AdvisorNet Financial Inc grew its holdings in shares of Ford Motor by 28.7% during the first quarter. AdvisorNet Financial Inc now owns 11,930 shares of the auto manufacturer's stock worth $120,000 after purchasing an additional 2,658 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Ford Motor by 890.1% during the first quarter. GAMMA Investing LLC now owns 403,838 shares of the auto manufacturer's stock worth $40,263,000 after purchasing an additional 363,049 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Ford Motor by 14.1% during the first quarter. Parallel Advisors LLC now owns 70,417 shares of the auto manufacturer's stock worth $706,000 after purchasing an additional 8,685 shares in the last quarter. Finally, Rothschild Investment LLC grew its holdings in shares of Ford Motor by 14.1% during the first quarter. Rothschild Investment LLC now owns 36,789 shares of the auto manufacturer's stock worth $369,000 after purchasing an additional 4,556 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Stock Up 0.7%

Shares of F opened at $12.10 on Tuesday. The firm has a market cap of $48.16 billion, a P/E ratio of 15.51, a P/E/G ratio of 3.45 and a beta of 1.52. The stock has a 50 day simple moving average of $11.51 and a two-hundred day simple moving average of $10.77. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.10 and a quick ratio of 0.95. Ford Motor Company has a 1 year low of $8.44 and a 1 year high of $12.31.

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

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th were given a $0.15 dividend. The ex-dividend date was Monday, August 11th. This represents a $0.60 annualized dividend and a yield of 5.0%. Ford Motor's payout ratio is presently 76.92%.

Wall Street Analyst Weigh In

F has been the subject of several recent analyst reports. Wall Street Zen raised Ford Motor from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Jefferies Financial Group boosted their price objective on Ford Motor from $8.00 to $9.00 and gave the stock an "underperform" rating in a report on Monday, August 11th. The Goldman Sachs Group boosted their price objective on Ford Motor from $11.00 to $12.00 and gave the stock a "neutral" rating in a report on Monday. Barclays boosted their price objective on Ford Motor from $9.00 to $11.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Finally, Dbs Bank lowered Ford Motor from a "hold" rating to a "moderate sell" rating in a research note on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Reduce" and an average target price of $10.57.

About Ford Motor

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.