Ford Motor Company $F Shares Newly Purchased by VCI Wealth Management LLC

Key Points

• VCI Wealth Management purchased 93,729 Ford shares in the third quarter, valued at approximately $1.13 million. Institutional investors collectively own 58.74% of Ford’s outstanding stock.
• Analyst sentiment remains mixed, with Ford holding a consensus “Hold” rating and an average price target of $15.02. Recent price-target changes ranged from $13.00 to $20.00.
• Ford exceeded quarterly earnings expectations, reporting $0.49 EPS and $49.53 billion in revenue, while declaring a quarterly dividend of $0.15 per share, equivalent to a 4.8% annualized yield.

VCI Wealth Management LLC bought a new stake in Ford Motor Company (NYSE:F - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 93,729 shares of the auto manufacturer's stock, valued at approximately $1,130,000.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Ford Motor during the second quarter worth about $4,649,131,000. Bank of America Corp DE raised its holdings in Ford Motor by 318.0% in the 2nd quarter. Bank of America Corp DE now owns 72,424,686 shares of the auto manufacturer's stock valued at $1,006,703,000 after buying an additional 55,100,244 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Ford Motor in the 2nd quarter valued at approximately $717,218,000. Deutsche Bank AG acquired a new stake in Ford Motor during the 2nd quarter worth approximately $267,563,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Ford Motor during the 2nd quarter worth approximately $132,567,000. 58.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

F has been the topic of a number of research reports. UBS Group reduced their target price on shares of Ford Motor from $17.00 to $15.00 and set a "buy" rating on the stock in a report on Wednesday, October 7th. Wall Street Zen downgraded shares of Ford Motor from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Citigroup raised shares of Ford Motor from a "neutral" rating to a "buy" rating and raised their price target for the company from $19.00 to $20.00 in a research note on Wednesday, July 29th. Jefferies Financial Group upgraded shares of Ford Motor from a "hold" rating to a "buy" rating and lifted their price target for the stock from $14.50 to $17.50 in a report on Monday, July 27th. Finally, Morgan Stanley reduced their price objective on shares of Ford Motor from $14.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 29th. Seven equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $15.02.

Ford Motor Trading Up 2.6%

Shares of F stock opened at $12.57 on Tuesday. The stock has a market cap of $50.12 billion, a price-to-earnings ratio of -6.38, a PEG ratio of 0.25 and a beta of 1.93. The stock has a 50-day moving average of $12.86 and a 200-day moving average of $13.36. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 3.07. Ford Motor Company has a 1-year low of $11.11 and a 1-year high of $17.78.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.08. The company had revenue of $49.53 billion during the quarter, compared to the consensus estimate of $49.08 billion. Ford Motor had a positive return on equity of 18.96% and a negative net margin of 4.17%. The firm's revenue was down 2.0% compared to the same quarter last year. During the same period last year, the company earned $0.45 earnings per share. On average, equities research analysts forecast that Ford Motor Company will post 1.90 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, November 10th will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, November 10th. This represents a $0.60 annualized dividend and a yield of 4.8%. Ford Motor's dividend payout ratio (DPR) is presently -30.46%.

Ford Motor Company Profile

Ford Motor Co is an American automobile manufacturer founded in 1903 by Henry Ford and headquartered in Dearborn, Michigan. The company helped popularize mass automobile production and is known for brands including Ford and Lincoln.

Ford develops, manufactures and sells cars, trucks, sport utility vehicles, commercial vehicles and electric vehicles. Its product portfolio includes the F-Series pickup trucks, Transit commercial vans, Mustang sports cars and a range of utility vehicles. The company also provides vehicle software, connected services, fleet solutions, maintenance and other support services.

Ford operates through Ford Blue, which focuses on gasoline- and hybrid-powered vehicles; Model e, which develops electric vehicles and related technologies; and Ford Pro, which serves commercial and fleet customers.

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