Chevy Chase Trust Holdings LLC Has $22.38 Million Stock Holdings in Ford Motor Company $F

Key Points

• Chevy Chase Trust Holdings LLC increased its stake in Ford Motor Company by 1.1% in the second quarter, now owning approximately $22.38 million worth of stock.
• Ford Motor received upgraded ratings from multiple analysts, with Jefferies increasing their price target from $9.00 to $12.00, while UBS raised theirs from $11.00 to $12.50.
• Ford reported earnings of $0.37 per share for the quarter, exceeding estimates, with a revenue of $50.18 billion, indicating a 5% year-over-year growth.

Chevy Chase Trust Holdings LLC grew its position in shares of Ford Motor Company (NYSE:F - Free Report) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,063,044 shares of the auto manufacturer's stock after purchasing an additional 21,485 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Ford Motor worth $22,384,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Arista Wealth Management LLC acquired a new stake in shares of Ford Motor during the second quarter valued at about $2,230,000. Stratos Wealth Partners LTD. lifted its stake in shares of Ford Motor by 19.7% in the second quarter. Stratos Wealth Partners LTD. now owns 178,276 shares of the auto manufacturer's stock worth $1,934,000 after acquiring an additional 29,376 shares during the period. Nordea Investment Management AB lifted its stake in shares of Ford Motor by 4.3% in the second quarter. Nordea Investment Management AB now owns 331,080 shares of the auto manufacturer's stock worth $3,554,000 after acquiring an additional 13,721 shares during the period. Praxis Investment Management Inc. lifted its stake in shares of Ford Motor by 16.0% in the second quarter. Praxis Investment Management Inc. now owns 146,843 shares of the auto manufacturer's stock worth $1,593,000 after acquiring an additional 20,280 shares during the period. Finally, Werba Rubin Papier Wealth Management lifted its stake in shares of Ford Motor by 24.4% in the second quarter. Werba Rubin Papier Wealth Management now owns 13,628 shares of the auto manufacturer's stock worth $148,000 after acquiring an additional 2,675 shares during the period. 58.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Jefferies Financial Group raised Ford Motor from an "underperform" rating to a "hold" rating and lifted their price objective for the stock from $9.00 to $12.00 in a research note on Monday, October 6th. UBS Group lifted their price objective on Ford Motor from $11.00 to $12.50 and gave the stock a "neutral" rating in a research note on Monday, October 6th. Barclays lifted their price objective on Ford Motor from $9.00 to $11.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Piper Sandler lifted their price objective on Ford Motor from $9.00 to $9.50 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Finally, Royal Bank Of Canada lifted their price objective on Ford Motor from $10.00 to $11.00 and gave the stock a "sector perform" rating in a research note on Tuesday, August 5th. Two equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $11.04.

Ford Motor Trading Up 1.6%

Shares of F stock opened at $11.93 on Friday. The company has a market cap of $47.46 billion, a P/E ratio of 15.29, a PEG ratio of 3.47 and a beta of 1.53. The stock has a 50 day simple moving average of $11.72 and a two-hundred day simple moving average of $10.94. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.95 and a current ratio of 1.10. Ford Motor Company has a fifty-two week low of $8.44 and a fifty-two week high of $12.80.

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 for the quarter, topping analysts' consensus estimates of $0.33 by $0.04. The business had revenue of $50.18 billion during the quarter, compared to the consensus estimate of $42.91 billion. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.The firm's revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.47 earnings per share. Research analysts forecast that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

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

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.

Want to see what other hedge funds are holding F? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ford Motor Company (NYSE:F - Free Report).

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.