FORA Capital LLC Takes Position in Ford Motor Company $F

Key Points

• FORA Capital LLC acquired a new stake in Ford Motor Company, purchasing 737,539 shares valued at approximately $7.4 million, which accounts for about 0.8% of its investment portfolio.
• Other institutional investors have also increased their holdings in Ford, with Vanguard Group growing its stake by 13.8% and Pacer Advisors boosting theirs by an astounding 6,915.1% in the first quarter.
• Ford recently reported a quarterly earnings per share (EPS) of $0.37, exceeding analysts' expectations, and declared a quarterly dividend of $0.15 with a yield of 5.1%.

FORA Capital LLC bought a new stake in Ford Motor Company (NYSE:F - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 737,539 shares of the auto manufacturer's stock, valued at approximately $7,398,000. Ford Motor accounts for about 0.8% of FORA Capital LLC's holdings, making the stock its 24th biggest holding.

Other hedge funds have also recently bought and sold shares of the company. Tounjian Advisory Partners LLC bought a new position in Ford Motor in the 1st quarter valued at about $974,000. Generali Investments CEE investicni spolecnost a.s. increased its holdings in Ford Motor by 25.0% in the 1st quarter. Generali Investments CEE investicni spolecnost a.s. now owns 300,000 shares of the auto manufacturer's stock valued at $3,009,000 after buying an additional 60,000 shares during the period. Abundance Wealth Counselors increased its holdings in Ford Motor by 32.6% in the 1st quarter. Abundance Wealth Counselors now owns 157,919 shares of the auto manufacturer's stock valued at $1,594,000 after buying an additional 38,794 shares during the period. Maridea Wealth Management LLC increased its holdings in Ford Motor by 280.2% in the 1st quarter. Maridea Wealth Management LLC now owns 53,687 shares of the auto manufacturer's stock valued at $538,000 after buying an additional 39,567 shares during the period. Finally, OneAscent Financial Services LLC grew its holdings in shares of Ford Motor by 107.1% during the 1st quarter. OneAscent Financial Services LLC now owns 122,748 shares of the auto manufacturer's stock valued at $1,224,000 after purchasing an additional 63,488 shares during the last quarter. 58.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on F shares. Jefferies Financial Group lifted their price target on shares of Ford Motor from $8.00 to $9.00 and gave the company an "underperform" rating in a report on Monday, August 11th. Wall Street Zen raised shares of Ford Motor from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. UBS Group lifted their price target on shares of Ford Motor from $9.00 to $11.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Wolfe Research upgraded shares of Ford Motor from an "underperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. Finally, Dbs Bank downgraded shares of Ford Motor from a "hold" rating to a "moderate sell" rating in a research report on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average price target of $10.53.

Insider Activity

In other news, insider Andrew Frick sold 30,000 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were 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 in the company, valued at approximately $1,253,329. The trade was a 20.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.48% of the company's stock.

Ford Motor Trading Up 0.7%

Shares of NYSE F traded up $0.09 during midday trading on Wednesday, reaching $11.93. The stock had a trading volume of 40,338,801 shares, compared to its average volume of 60,309,120. The firm has a market cap of $47.46 billion, a price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 3.39 and a beta of 1.48. Ford Motor Company has a twelve month low of $8.44 and a twelve month high of $11.98. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.95 and a current ratio of 1.10. The company's 50 day moving average price is $11.30 and its 200 day moving average price is $10.39.

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 (EPS) 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 the consensus estimate of $42.91 billion. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The company's revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.47 EPS. As a group, sell-side analysts expect that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th will be given a $0.15 dividend. The ex-dividend date is Monday, August 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.0%. Ford Motor's payout ratio is 76.92%.

Ford Motor 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.