Ford Motor Company $F Stock Purchased by Alps Advisors Inc.

Key Points

• Alps Advisors increased its Ford stake by 11.4% in the third quarter, adding 214,023 shares to reach 2.09 million shares valued at approximately $25.2 million.
• Ford reported quarterly earnings of $0.49 per share, topping the $0.41 analyst consensus, while revenue of $49.53 billion also exceeded estimates.
• Analysts have a consensus “Hold” rating and a $15.02 average price target. Ford also announced a quarterly dividend of $0.15 per share, equivalent to a 4.8% yield at the article’s cited share price.

Alps Advisors Inc. lifted its stake in shares of Ford Motor Company (NYSE:F - Free Report) by 11.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,091,002 shares of the auto manufacturer's stock after acquiring an additional 214,023 shares during the period. Alps Advisors Inc. owned 0.05% of Ford Motor worth $25,217,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of F. Ninety One UK Ltd purchased a new stake in Ford Motor in the third quarter valued at approximately $25,000. Manning & Napier Advisors LLC acquired a new position in Ford Motor during the second quarter worth about $31,000. Legacy Wealth Managment LLC ID boosted its stake in Ford Motor by 108.4% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer's stock valued at $27,000 after buying an additional 1,230 shares in the last quarter. Cedar Mountain Advisors LLC grew its stake in shares of Ford Motor by 58.1% in the first quarter. Cedar Mountain Advisors LLC now owns 2,940 shares of the auto manufacturer's stock valued at $34,000 after buying an additional 1,080 shares in the last quarter. Finally, Laurel Wealth Advisors LLC acquired a new position in shares of Ford Motor in the 3rd quarter valued at about $36,000. Institutional investors and hedge funds own 58.74% of the company's stock.

Analyst Upgrades and Downgrades

F has been the subject of a number of research reports. Zacks Research cut Ford Motor from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 4th. JPMorgan Chase & Co. decreased their target price on shares of Ford Motor from $17.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday, October 12th. Morgan Stanley decreased their price target on Ford Motor from $14.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 29th. Piper Sandler boosted their price target on shares of Ford Motor from $16.00 to $17.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Finally, Citigroup upgraded Ford Motor from a "neutral" rating to a "buy" rating and upped their price target for the stock from $19.00 to $20.00 in a research note on Wednesday, July 29th. Seven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $15.02.

Ford Motor Stock Performance

NYSE:F opened at $12.45 on Friday. The stock's 50 day simple moving average is $12.74 and its two-hundred day simple moving average is $13.34. The company has a market cap of $49.63 billion, a price-to-earnings ratio of 7.41, a PEG ratio of 0.24 and a beta of 1.88. The company has a debt-to-equity ratio of 2.97, a current ratio of 1.08 and a quick ratio of 0.94. 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 released its earnings results on Wednesday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.08. The firm had revenue of $49.53 billion during the quarter, compared to analyst estimates of $49.08 billion. Ford Motor had a positive return on equity of 18.89% and a negative net margin of 4.17%. Ford Motor's revenue was down 2.0% compared to the same quarter last year. During the same period last year, the business posted $0.45 earnings per share. As a group, equities analysts anticipate that Ford Motor Company will post 1.90 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

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

About Ford Motor

Ford Motor Company designs, manufactures, markets and services vehicles under the Ford and Lincoln brands. Its lineup includes cars, trucks, sport utility vehicles and commercial vehicles, as well as battery-electric and hybrid models. The company also provides vehicle-related services and financing through Ford Credit.

Ford serves customers in North America and markets around the world, including Europe, South America and the Asia-Pacific region. Its operations include vehicle development and manufacturing, sales and after-sales support, and services for commercial fleet customers.

Founded in 1903 by Henry Ford and other investors, the company helped popularize automobile manufacturing on a large scale.

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