Ford Motor Company $F Shares Acquired by Artemis Investment Management LLP

Key Points

• Artemis Investment Management increased its Ford stake by 57.4% in the third quarter, acquiring 689,178 additional shares and bringing its holdings to 1.89 million shares valued at approximately $22.8 million. Institutional investors collectively own 58.74% of Ford.
• Analyst sentiment remains mixed, with seven Buy, eleven Hold, and one Sell rating; the consensus is Hold with a $15.43 price target. Ford shares recently traded near $12.11, below both their 50-day and 200-day moving averages.
• Ford exceeded quarterly earnings and revenue expectations, reporting $0.42 in EPS and $48.30 billion in revenue, while also maintaining a $0.15 quarterly dividend equivalent to a 5.0% annualized yield.

Artemis Investment Management LLP lifted its position in Ford Motor Company (NYSE:F - Free Report) by 57.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,890,222 shares of the auto manufacturer's stock after acquiring an additional 689,178 shares during the quarter. Artemis Investment Management LLP's holdings in Ford Motor were worth $22,796,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in F. Avidian Wealth Enterprises LLC grew its stake in shares of Ford Motor by 24.4% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 37,876 shares of the auto manufacturer's stock valued at $457,000 after buying an additional 7,424 shares in the last quarter. Vista Investment Partners LLC boosted its position in shares of Ford Motor by 53.9% in the third quarter. Vista Investment Partners LLC now owns 82,388 shares of the auto manufacturer's stock valued at $994,000 after acquiring an additional 28,846 shares during the period. Venture Visionary Partners LLC grew its position in Ford Motor by 1.7% during the third quarter. Venture Visionary Partners LLC now owns 95,540 shares of the auto manufacturer's stock worth $1,152,000 after buying an additional 1,553 shares in the last quarter. Central Pacific Bank Trust Division raised its stake in shares of Ford Motor by 120.4% in the third quarter. Central Pacific Bank Trust Division now owns 18,033 shares of the auto manufacturer's stock valued at $217,000 after purchasing an additional 9,850 shares in the last quarter. Finally, Rosenberg Matthew Hamilton boosted its position in shares of Ford Motor by 12.7% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 23,344 shares of the auto manufacturer's stock valued at $282,000 after acquiring an additional 2,631 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Citigroup raised Ford Motor from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $19.00 to $20.00 in a report on Wednesday, July 29th. UBS Group cut their price objective on Ford Motor from $17.00 to $15.00 and set a "buy" rating on the stock in a report on Wednesday. Zacks Research lowered Ford Motor from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 4th. Wells Fargo & Company increased their price target on Ford Motor from $10.00 to $11.00 and gave the company an "underweight" rating in a research report on Thursday, June 25th. Finally, Dbs Bank upgraded Ford Motor from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, August 11th. Seven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $15.43.

Ford Motor Price Performance

NYSE:F traded down $0.01 during trading hours on Thursday, hitting $12.11. The company's stock had a trading volume of 12,411,653 shares, compared to its average volume of 56,851,859. The stock has a fifty day simple moving average of $13.63 and a 200-day simple moving average of $13.54. The company has a market capitalization of $48.29 billion, a P/E ratio of -6.48, a PEG ratio of 0.25 and a beta of 1.93. Ford Motor Company has a twelve month low of $11.11 and a twelve month high of $17.78. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.09 and a quick ratio of 0.93.

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

Ford Motor Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Tuesday, August 11th. Ford Motor's dividend payout ratio (DPR) is currently -32.09%.

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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