Envestnet Asset Management Inc. Boosts Position in Ford Motor Company $F

Key Points

• Envestnet Asset Management increased its Ford stake by 20.7% in the second quarter, bringing its holdings to 670,152 shares valued at approximately $9.3 million. Institutional investors collectively own 58.74% of Ford.
• Ford reported quarterly EPS of $0.42, beating estimates of $0.33, while revenue reached $48.3 billion but declined 3.8% year over year. The company maintains a quarterly dividend of $0.15, representing a 4.9% annualized yield.
• Analyst sentiment remains mixed, with eight Buy, ten Hold, and one Sell rating; the consensus rating is Hold with an average price target of $15.68, compared with the stock’s recent opening price of $12.27.

Envestnet Asset Management Inc. boosted its position in shares of Ford Motor Company (NYSE:F - Free Report) by 20.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 670,152 shares of the auto manufacturer's stock after purchasing an additional 114,937 shares during the quarter. Envestnet Asset Management Inc.'s holdings in Ford Motor were worth $9,315,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Maripau Wealth Management LLC lifted its holdings in Ford Motor by 1.6% in the first quarter. Maripau Wealth Management LLC now owns 46,606 shares of the auto manufacturer's stock valued at $538,000 after buying an additional 749 shares during the period. Wayfinding Financial LLC grew its holdings in Ford Motor by 5.8% during the 2nd quarter. Wayfinding Financial LLC now owns 13,652 shares of the auto manufacturer's stock worth $189,000 after acquiring an additional 754 shares during the period. Southern Financial Group LLC grew its holdings in Ford Motor by 2.3% during the 1st quarter. Southern Financial Group LLC now owns 34,714 shares of the auto manufacturer's stock worth $401,000 after acquiring an additional 776 shares during the period. Bernicke Wealth Management Ltd. grew its holdings in Ford Motor by 2.0% during the 2nd quarter. Bernicke Wealth Management Ltd. now owns 39,789 shares of the auto manufacturer's stock worth $553,000 after acquiring an additional 792 shares during the period. Finally, Bank & Trust Co raised its position in shares of Ford Motor by 2.6% during the 2nd quarter. Bank & Trust Co now owns 31,665 shares of the auto manufacturer's stock valued at $440,000 after acquiring an additional 794 shares during the last quarter. 58.74% of the stock is owned by institutional investors.

Ford Motor Trading Up 1.7%

F opened at $12.27 on Friday. The stock has a market capitalization of $48.91 billion, a P/E ratio of -6.56, a P/E/G ratio of 0.25 and a beta of 1.93. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 3.07. Ford Motor Company has a 12 month low of $11.11 and a 12 month high of $17.78. The firm's fifty day simple moving average is $13.84 and its 200 day simple moving average is $13.53.

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

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th were paid a $0.15 dividend. The ex-dividend date was Tuesday, August 11th. This represents a $0.60 annualized dividend and a yield of 4.9%. Ford Motor's payout ratio is presently -32.09%.

Wall Street Analysts Forecast Growth

F has been the topic of several analyst reports. Citigroup raised Ford Motor from a "neutral" rating to a "buy" rating and increased their target price for the company from $19.00 to $20.00 in a research note on Wednesday, July 29th. Royal Bank Of Canada boosted their target price on Ford Motor from $13.00 to $15.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 29th. The Goldman Sachs Group upped their price target on Ford Motor from $13.00 to $16.00 and gave the company a "neutral" rating in a research note on Thursday, June 11th. Wall Street Zen downgraded shares of Ford Motor from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Finally, Zacks Research lowered shares of Ford Motor from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 4th. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $15.68.

Ford Motor News Summary

Here are the key news stories impacting Ford Motor this week:

• Positive Sentiment: Renewable-energy milestone: DTE Energy completed construction of the 100-megawatt Cold Creek Solar Park in Michigan. The project was funded partly through Ford’s participation in DTE’s MIGreenPower program and supports Ford’s goal of using 100% renewable energy, potentially improving its environmental profile and long-term decarbonization efforts. DTE Energy completes construction on Cold Creek Solar Park

Ford Motor Company Profile

Ford Motor Co is an American automobile manufacturer that designs, manufactures, markets and services a broad range of vehicles and mobility-related products. Its lineup includes cars, trucks, sport utility vehicles, commercial vehicles and electric vehicles sold under the Ford brand, as well as luxury vehicles marketed through its Lincoln brand.

Founded by Henry Ford in 1903 and headquartered in Dearborn, Michigan, Ford is one of the world's oldest major automakers. The company helped popularize mass automobile production and continues to serve customers in North America, South America, Europe and other international markets through manufacturing, sales and distribution operations.

Ford organizes its operations around Ford Blue for gasoline and hybrid vehicles, Model e for electric vehicles, and Ford Pro for commercial customers and related services.

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