Ford Motor Company $F Position Lowered by AssuredPartners Investment Advisors LLC

Key Points

• AssuredPartners Investment Advisors LLC significantly reduced its stake in Ford Motor Company, decreasing its holdings by 78.0% in the second quarter, now owning only 10,027 shares valued at approximately $109,000.
• Ford's latest earnings report showed earnings per share (EPS) of $0.37, surpassing analyst expectations of $0.33, with a revenue of $50.18 billion for the quarter, marking a 5.0% year-over-year increase.
• The company recently announced a quarterly dividend of $0.15 per share, offering a 5.0% dividend yield and a payout ratio of 76.92%.

AssuredPartners Investment Advisors LLC decreased its stake in shares of Ford Motor Company (NYSE:F - Free Report) by 78.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,027 shares of the auto manufacturer's stock after selling 35,574 shares during the period. AssuredPartners Investment Advisors LLC's holdings in Ford Motor were worth $109,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Trust Co. of Toledo NA OH acquired a new stake in Ford Motor during the second quarter worth about $25,000. Elite Financial Inc. acquired a new stake in Ford Motor during the first quarter worth about $27,000. Olde Wealth Management LLC acquired a new stake in Ford Motor during the first quarter worth about $28,000. MorganRosel Wealth Management LLC acquired a new stake in Ford Motor during the first quarter worth about $30,000. Finally, WPG Advisers LLC acquired a new stake in Ford Motor during the first quarter worth about $33,000. Institutional investors own 58.74% of the company's stock.

Ford Motor Price Performance

Shares of NYSE:F opened at $11.93 on Friday. The firm's 50 day moving average is $11.72 and its two-hundred day moving average is $10.94. Ford Motor Company has a 52 week low of $8.44 and a 52 week high of $12.80. The firm has a market capitalization of $47.46 billion, a P/E ratio of 15.29, a PEG ratio of 3.42 and a beta of 1.53. 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 posted its quarterly earnings data on Wednesday, July 30th. The auto manufacturer reported $0.37 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $42.91 billion. During the same quarter last year, the business earned $0.47 earnings per share. The business's revenue for the quarter was up 5.0% on a year-over-year basis. Analysts anticipate that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 11th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date was Monday, August 11th. Ford Motor's dividend payout ratio (DPR) is currently 76.92%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Ford Motor from $8.00 to $10.00 and gave the stock an "underweight" rating in a research note on Friday, October 3rd. UBS Group increased their price objective on shares of Ford Motor from $11.00 to $12.50 and gave the stock a "neutral" rating in a research note on Monday, October 6th. Barclays increased their price objective on shares of Ford Motor from $9.00 to $11.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. The Goldman Sachs Group raised their price target on shares of Ford Motor from $11.00 to $12.00 and gave the company a "neutral" rating in a research note on Monday, September 29th. Finally, Jefferies Financial Group upgraded shares of Ford Motor from an "underperform" rating to a "hold" rating and raised their price target for the company from $9.00 to $12.00 in a research note on Monday, October 6th. Two research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $11.04.

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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