Firethorn Wealth Partners LLC purchased a new position in shares of 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 and Exchange Commission. The institutional investor purchased 22,611 shares of the auto manufacturer's stock, valued at approximately $245,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in F. Grove Bank & Trust lifted its position in shares of Ford Motor by 289.1% in the 1st quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer's stock worth $25,000 after purchasing an additional 1,882 shares during the period. Elite Financial Inc. bought a new position in Ford Motor in the first quarter worth approximately $27,000. Olde Wealth Management LLC purchased a new stake in Ford Motor during the first quarter worth $28,000. MorganRosel Wealth Management LLC purchased a new stake in Ford Motor during the first quarter worth $30,000. Finally, City Holding Co. boosted its position in Ford Motor by 47.8% during the 2nd quarter. City Holding Co. now owns 3,090 shares of the auto manufacturer's stock valued at $34,000 after acquiring an additional 1,000 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors.
Ford Motor Trading Up 3.6%
NYSE F opened at $12.66 on Friday. Ford Motor Company has a 12-month low of $8.44 and a 12-month high of $12.67. The company has a fifty day simple moving average of $11.58 and a two-hundred day simple moving average of $10.82. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 2.24. The stock has a market cap of $50.39 billion, a P/E ratio of 16.23, a P/E/G ratio of 3.64 and a beta of 1.53.
Ford Motor (NYSE:F - Get Free Report) last released its earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.04. The firm had revenue of $50.18 billion for 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 was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.47 EPS. On average, analysts forecast that Ford Motor Company will post 1.47 earnings per share for the current year.
Ford Motor Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 11th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.7%. Ford Motor's payout ratio is 76.92%.
Wall Street Analyst Weigh In
Several research analysts have recently commented on F shares. Wells Fargo & Company boosted their price target on Ford Motor from $8.00 to $10.00 and gave the stock an "underweight" rating in a research report on Friday. Barclays boosted their target price on shares of Ford Motor from $9.00 to $11.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Jefferies Financial Group increased their price target on shares of Ford Motor from $8.00 to $9.00 and gave the company an "underperform" rating in a research report on Monday, August 11th. Piper Sandler lifted their price objective on shares of Ford Motor from $9.00 to $9.50 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Finally, Wall Street Zen raised shares of Ford Motor from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. Two analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus price target of $10.71.
Get Our Latest Research Report on F
Ford Motor Profile
(
Free Report)
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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