CHURCHILL MANAGEMENT Corp Buys New Stake in Ford Motor Company $F

Key Points

• Churchill Management Corp acquired a new stake in Ford Motor Company, purchasing 952,223 shares valued at approximately $10.3 million.
• Ford's stock has received an upgrade from Wall Street analysts, with a consensus target price of $10.57 and various analysts assigning ratings from Buy to Sell.
• The company announced a quarterly dividend of $0.15, yielding 4.9%, with a payout ratio of 76.92%.

CHURCHILL MANAGEMENT Corp bought a new stake in Ford Motor Company (NYSE:F - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 952,223 shares of the auto manufacturer's stock, valued at approximately $10,332,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Grove Bank & Trust lifted its stake in Ford Motor by 289.1% during the 1st quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer's stock worth $25,000 after acquiring an additional 1,882 shares in the last quarter. Elite Financial Inc. purchased a new stake in Ford Motor during the first quarter worth about $27,000. Olde Wealth Management LLC purchased a new stake in Ford Motor during the first quarter worth about $28,000. MorganRosel Wealth Management LLC acquired a new stake in shares of Ford Motor during the first quarter worth about $30,000. Finally, WPG Advisers LLC acquired a new position in shares of Ford Motor in the first quarter valued at approximately $33,000. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

F has been the subject of a number of research reports. Wall Street Zen upgraded shares of Ford Motor from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Royal Bank Of Canada boosted their price target on shares of Ford Motor from $10.00 to $11.00 and gave the stock a "sector perform" rating in a research note on Tuesday, August 5th. UBS Group increased their price objective on Ford Motor from $9.00 to $11.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Piper Sandler lifted their target price on Ford Motor from $9.00 to $9.50 and gave the company a "neutral" rating in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. upped their price target on Ford Motor from $12.00 to $13.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Two investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Ford Motor presently has an average rating of "Reduce" and a consensus target price of $10.57.

Ford Motor Stock Performance

Shares of F stock opened at $12.26 on Thursday. The company has a market cap of $48.77 billion, a P/E ratio of 15.71, a PEG ratio of 3.44 and a beta of 1.53. The firm has a fifty day moving average price of $11.54 and a 200 day moving average price of $10.78. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 2.24. Ford Motor Company has a 12 month low of $8.44 and a 12 month high of $12.31.

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

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.9%. The ex-dividend date was Monday, August 11th. Ford Motor's dividend 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.

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