Waterfront Wealth Inc. raised its stake in Ford Motor Company (NYSE:F - Free Report) by 183.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,824 shares of the auto manufacturer's stock after purchasing an additional 24,476 shares during the quarter. Waterfront Wealth Inc.'s holdings in Ford Motor were worth $379,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Tounjian Advisory Partners LLC acquired a new position in shares of Ford Motor during the 1st quarter valued at $974,000. Wernau Asset Management Inc. acquired a new position in shares of Ford Motor during the 4th quarter valued at $344,000. APG Asset Management N.V. acquired a new position in shares of Ford Motor during the 4th quarter valued at $20,408,000. Abundance Wealth Counselors lifted its holdings in shares of Ford Motor by 32.6% during the 1st quarter. Abundance Wealth Counselors now owns 157,919 shares of the auto manufacturer's stock valued at $1,594,000 after acquiring an additional 38,794 shares in the last quarter. Finally, Ring Mountain Capital LLC acquired a new position in shares of Ford Motor during the 4th quarter valued at $461,000. Institutional investors and hedge funds own 58.74% of the company's stock.
Ford Motor Price Performance
F opened at $10.81 on Monday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.97 and a current ratio of 1.13. Ford Motor Company has a 1-year low of $8.44 and a 1-year high of $14.85. The company has a 50-day moving average of $10.36 and a 200-day moving average of $9.96. The company has a market capitalization of $42.99 billion, a P/E ratio of 8.65, a PEG ratio of 0.92 and a beta of 1.50.
Ford Motor (NYSE:F - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of ($0.02) by $0.16. Ford Motor had a net margin of 2.74% and a return on equity of 13.49%. The business had revenue of $40.66 billion during the quarter, compared to the consensus estimate of $35.99 billion. During the same quarter in the prior year, the firm earned $0.49 EPS. The company's revenue for the quarter was down 6.2% compared to the same quarter last year. Equities analysts expect that Ford Motor Company will post 1.47 EPS for the current fiscal year.
Ford Motor Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 12th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.55%. The ex-dividend date of this dividend was Monday, May 12th. Ford Motor's dividend payout ratio is presently 48.00%.
Analyst Ratings Changes
Several research firms recently weighed in on F. Sanford C. Bernstein lowered shares of Ford Motor from a "market perform" rating to an "underperform" rating and reduced their target price for the company from $9.40 to $7.00 in a report on Wednesday, April 9th. JPMorgan Chase & Co. boosted their price objective on shares of Ford Motor from $11.00 to $12.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Barclays boosted their price objective on shares of Ford Motor from $8.00 to $9.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. TD Cowen assumed coverage on shares of Ford Motor in a report on Friday, March 7th. They issued a "hold" rating and a $10.00 price objective on the stock. Finally, UBS Group cut their price objective on shares of Ford Motor from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $10.03.
View Our Latest Research Report on F
Ford Motor Company Profile
(
Free Report)
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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