Fulcrum Asset Management LLP Takes $2.16 Million Position in Ford Motor Company $F

Key Points

• Fulcrum Asset Management purchased 153,972 Ford shares during the second quarter, establishing a position worth approximately $2.16 million. Institutional investors collectively own 58.74% of Ford’s stock.
• Ford exceeded quarterly earnings expectations, reporting $0.42 EPS versus the $0.33 consensus and $48.30 billion in revenue, although revenue declined 3.8% year over year.
• Ford declared a quarterly dividend of $0.15 per share, representing a $0.60 annualized payout and a 4.3% yield. Analysts maintain a consensus “Hold” rating with an average price target of $15.68.

Fulcrum Asset Management LLP purchased a new position in Ford Motor Company (NYSE:F - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 153,972 shares of the auto manufacturer's stock, valued at approximately $2,159,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MV Capital Management Inc. bought a new stake in Ford Motor in the fourth quarter worth $25,000. McMillan Office Inc. bought a new position in shares of Ford Motor during the fourth quarter valued at $26,000. Legacy Wealth Managment LLC ID increased its holdings in shares of Ford Motor by 108.4% during the first quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer's stock valued at $27,000 after acquiring an additional 1,230 shares in the last quarter. Johnson Financial Group Inc. raised its position in shares of Ford Motor by 55.4% in the 3rd quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer's stock worth $28,000 after purchasing an additional 837 shares during the last quarter. Finally, Caldwell Trust Co raised its holdings in Ford Motor by 605.8% in the first quarter. Caldwell Trust Co now owns 2,534 shares of the auto manufacturer's stock worth $29,000 after buying an additional 2,175 shares during the last quarter. Institutional investors own 58.74% of the company's stock.

Ford Motor Price Performance

Shares of NYSE:F opened at $13.89 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07. The stock has a market capitalization of $55.39 billion, a PE ratio of -7.43, a price-to-earnings-growth ratio of 0.29 and a beta of 1.82. The firm's 50 day moving average price is $14.09 and its 200-day moving average price is $13.52. Ford Motor Company has a twelve month low of $11.11 and a twelve month high of $17.78.

Ford Motor (NYSE:F - Get Free Report) last announced its earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $48.30 billion during the quarter, compared to analyst estimates of $47.24 billion. During the same period in the previous year, the business posted $0.37 earnings per share. The firm's quarterly revenue was down 3.8% compared to the same quarter last year. Equities research analysts expect that Ford Motor Company will post 1.86 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Tuesday, August 11th. Ford Motor's dividend payout ratio (DPR) is currently -32.09%.

Analyst Upgrades and Downgrades

F has been the subject of several analyst reports. Dbs Bank raised shares of Ford Motor from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, August 11th. Wells Fargo & Company boosted their price target on Ford Motor from $10.00 to $11.00 and gave the stock an "underweight" rating in a research note on Thursday, June 25th. Jefferies Financial Group raised Ford Motor from a "hold" rating to a "buy" rating and upped their price target for the company from $14.50 to $17.50 in a report on Monday, July 27th. Zacks Research lowered Ford Motor from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 4th. Finally, BNP Paribas Exane lifted their price target on shares of Ford Motor from $14.00 to $14.50 and gave the stock a "neutral" rating in a research note on Thursday, July 30th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $15.68.

Ford Motor Profile

Ford Motor Company NYSE: F is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford's business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.

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