FCG Investment Co Buys Shares of 51,185 Ford Motor Company $F

Key Points

• FCG Investment Co acquired 51,185 shares of Ford Motor Company, valued at approximately $555,000, during the second quarter.
• Analysts have raised their price targets for Ford, with Royal Bank of Canada, Barclays, and UBS all setting targets of $11.00 per share.
• Ford declared a $0.15 quarterly dividend, providing an annual yield of 5.2%, with a payout ratio of 76.92%.

FCG Investment Co bought a new stake in Ford Motor Company (NYSE:F - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 51,185 shares of the auto manufacturer's stock, valued at approximately $555,000.

Other hedge funds also recently added to or reduced their stakes in the company. Grove Bank & Trust lifted its stake in Ford Motor by 289.1% in the first quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer's stock valued at $25,000 after buying an additional 1,882 shares during the last quarter. Elite Financial Inc. acquired a new position in shares of Ford Motor during the first quarter valued at $27,000. Olde Wealth Management LLC acquired a new position in shares of Ford Motor during the first quarter valued at $28,000. MorganRosel Wealth Management LLC acquired a new position in shares of Ford Motor during the first quarter valued at $30,000. Finally, Wood Tarver Financial Group LLC acquired a new position in shares of Ford Motor during the fourth quarter valued at $31,000. 58.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on F shares. Royal Bank Of Canada raised their price target on Ford Motor from $10.00 to $11.00 and gave the company a "sector perform" rating in a report on Tuesday, August 5th. Barclays raised their price target on Ford Motor from $9.00 to $11.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. UBS Group lifted their target price on Ford Motor from $9.00 to $11.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Piper Sandler lifted their target price on Ford Motor from $9.00 to $9.50 and gave the stock a "neutral" rating in a report on Thursday, July 31st. Finally, Jefferies Financial Group lifted their target price on Ford Motor from $8.00 to $9.00 and gave the stock an "underperform" rating in a report on Monday, August 11th. Two 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average target price of $10.43.

Insiders Place Their Bets

In related news, insider Andrew Frick sold 30,000 shares of Ford Motor stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total value of $330,000.00. Following the transaction, the insider owned 113,939 shares of the company's stock, valued at approximately $1,253,329. This trade represents a 20.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.48% of the company's stock.

Ford Motor Trading Down 0.1%

Shares of F opened at $11.62 on Friday. The business's 50-day moving average price is $11.47 and its 200 day moving average price is $10.72. The stock has a market capitalization of $46.23 billion, a P/E ratio of 14.89, a P/E/G ratio of 3.34 and a beta of 1.52. Ford Motor Company has a 1-year low of $8.44 and a 1-year high of $11.99. 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 (NYSE:F - Get Free Report) last issued its quarterly 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 firm had revenue of $50.18 billion for the quarter, compared to analysts' expectations 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 was up 5.0% on a year-over-year basis. During the same quarter last year, the business posted $0.47 EPS. Analysts expect that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 11th were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 5.2%. Ford Motor's dividend payout ratio (DPR) 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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