Ellsworth Advisors LLC Makes New Investment in Ford Motor Company $F

Key Points

• Ellsworth Advisors LLC invested approximately $4.03 million in Ford Motor Company, acquiring 401,347 shares during the first quarter.
• Ford recently announced a quarterly dividend of $0.15 per share, which translates to an annualized dividend yield of 5.2%.
• The company's latest earnings report showed a net revenue of $50.18 billion for the quarter, exceeding analyst estimates by nearly $7 billion.

Ellsworth Advisors LLC bought a new position in Ford Motor Company (NYSE:F - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 401,347 shares of the auto manufacturer's stock, valued at approximately $4,026,000.

Several other institutional investors have also made changes to their positions in the company. Atlas Capital Advisors Inc. increased its position in shares of Ford Motor by 21.2% in the first quarter. Atlas Capital Advisors Inc. now owns 5,665 shares of the auto manufacturer's stock worth $57,000 after acquiring an additional 989 shares in the last quarter. Kovack Advisors Inc. increased its position in shares of 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 in the last quarter. Partners Wealth Management LLC increased its position in shares of 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 acquiring an additional 1,082 shares in the last quarter. Advisors Capital Management LLC increased its position in shares of Ford Motor by 9.6% in the first quarter. Advisors Capital Management LLC now owns 12,543 shares of the auto manufacturer's stock worth $126,000 after acquiring an additional 1,100 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC increased its position in shares of Ford Motor by 7.6% in the first quarter. NorthCrest Asset Manangement LLC now owns 16,203 shares of the auto manufacturer's stock worth $163,000 after acquiring an additional 1,140 shares in the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ford Motor

In other news, insider Andrew Frick sold 30,000 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $11.00, for a total value of $330,000.00. Following the sale, the insider owned 113,939 shares of the company's stock, valued at approximately $1,253,329. This represents a 20.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.48% of the company's stock.

Ford Motor Stock Performance

Shares of Ford Motor stock traded down $0.08 on Friday, reaching $11.68. The stock had a trading volume of 50,080,669 shares, compared to its average volume of 45,111,108. The business's 50-day moving average price is $11.47 and its two-hundred day moving average price is $10.59. 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 $11.99. The stock has a market cap of $46.48 billion, a P/E ratio of 14.97, a price-to-earnings-growth ratio of 3.38 and a beta of 1.52.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings data 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. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The business had revenue of $50.18 billion during the quarter, compared to analysts' expectations of $42.91 billion. During the same period in the previous year, the company earned $0.47 earnings per share. Ford Motor's revenue for the quarter was up 5.0% on a year-over-year basis. On average, sell-side analysts forecast that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 5.1%. Ford Motor's dividend payout ratio is presently 76.92%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada lifted their target price on shares of Ford Motor from $10.00 to $11.00 and gave the stock a "sector perform" rating in a research report on Tuesday, August 5th. UBS Group boosted their price objective on shares of Ford Motor from $9.00 to $11.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Dbs Bank downgraded shares of Ford Motor from a "hold" rating to a "moderate sell" rating in a research report on Monday, August 4th. Piper Sandler boosted their price objective on shares of Ford Motor from $9.00 to $9.50 and gave the company a "neutral" rating in a research report on Thursday, July 31st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Two analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus target price of $10.53.

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.