Edgestream Partners L.P. Buys 320,093 Shares of Ford Motor Company (NYSE:F)

Edgestream Partners L.P. grew its stake in shares of Ford Motor Company (NYSE:F - Free Report) by 262.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 442,093 shares of the auto manufacturer's stock after acquiring an additional 320,093 shares during the period. Edgestream Partners L.P.'s holdings in Ford Motor were worth $4,434,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in F. Grove Bank & Trust raised its stake in Ford Motor by 289.1% during the 1st quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer's stock valued at $25,000 after buying an additional 1,882 shares during the last quarter. Elite Financial Inc. purchased a new stake in Ford Motor in the first quarter worth about $27,000. Olde Wealth Management LLC acquired a new position in shares of Ford Motor during the first quarter worth $28,000. MorganRosel Wealth Management LLC acquired a new stake in shares of Ford Motor during the first quarter worth about $30,000. Finally, Flagship Wealth Advisors LLC acquired a new stake in shares of Ford Motor during the 4th quarter worth approximately $30,000. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Ford Motor

In related news, insider Andrew Frick sold 30,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total transaction of $330,000.00. Following the completion of the transaction, the insider directly owned 113,939 shares of the company's stock, valued at approximately $1,253,329. This represents a 20.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.48% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on F shares. Sanford C. Bernstein lowered shares of Ford Motor from a "market perform" rating to an "underperform" rating and dropped their price objective for the company from $9.40 to $7.00 in a report on Wednesday, April 9th. Barclays lifted their price target on Ford Motor from $9.00 to $11.00 and gave the stock an "equal weight" rating in a report on Wednesday. Wolfe Research raised shares of Ford Motor from an "underperform" rating to a "peer perform" rating in a report on Wednesday, April 30th. The Goldman Sachs Group upped their price objective on Ford Motor from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Finally, UBS Group boosted their target price on Ford Motor from $9.00 to $11.00 and gave the company a "neutral" rating in a report on Monday. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Ford Motor has an average rating of "Hold" and an average target price of $10.30.

Ford Motor Stock Down 2.9%

NYSE:F traded down $0.34 during mid-day trading on Wednesday, hitting $11.24. 107,895,143 shares of the company's stock were exchanged, compared to its average volume of 83,302,685. The company has a market cap of $44.68 billion, a PE ratio of 8.99, a P/E/G ratio of 1.01 and a beta of 1.49. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.13 and a quick ratio of 0.97. Ford Motor Company has a one year low of $8.44 and a one year high of $14.85. The business has a fifty day moving average price of $10.75 and a 200 day moving average price of $10.10.

Ford Motor (NYSE:F - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The auto manufacturer reported $0.14 EPS for the quarter, beating analysts' consensus estimates of ($0.02) by $0.16. The firm had revenue of $40.66 billion for the quarter, compared to analysts' expectations of $35.99 billion. Ford Motor had a net margin of 2.74% and a return on equity of 13.49%. The business's revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.49 earnings per share. Equities analysts predict that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 12th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a yield of 5.34%. Ford Motor's dividend payout ratio is presently 48.00%.

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.