Graham Capital Management L.P. Boosts Stock Position in Ford Motor Company $F

Key Points

• Graham Capital Management L.P. increased its stake in Ford Motor Company by 79.3%, purchasing an additional 132,591 shares, bringing its total holdings to 299,857 shares worth $3,008,000.
• Ford reported quarterly earnings that surpassed estimates, with an EPS of $0.37 compared to the anticipated $0.33, and revenue of $50.18 billion, significantly exceeding the $42.91 billion consensus estimate.
• The company announced a quarterly dividend of $0.15, yielding 5.1%, with a payout ratio of 76.92%, affecting shareholders on record by August 11th.

Graham Capital Management L.P. lifted its position in shares of Ford Motor Company (NYSE:F - Free Report) by 79.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 299,857 shares of the auto manufacturer's stock after buying an additional 132,591 shares during the quarter. Graham Capital Management L.P.'s holdings in Ford Motor were worth $3,008,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Grove Bank & Trust grew its position in shares of Ford Motor by 289.1% during the 1st quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer's stock worth $25,000 after buying an additional 1,882 shares in the last quarter. Elite Financial Inc. bought a new stake in Ford Motor during the first quarter valued at about $27,000. Olde Wealth Management LLC purchased a new position in Ford Motor in the first quarter valued at about $28,000. MorganRosel Wealth Management LLC purchased a new position in Ford Motor in the first quarter valued at about $30,000. Finally, Spurstone Advisory Services LLC purchased a new position in Ford Motor in the fourth quarter valued at about $31,000. Institutional investors own 58.74% of the company's stock.

Ford Motor Stock Performance

F stock traded up $0.09 during trading on Monday, hitting $11.80. 44,049,553 shares of the company traded hands, compared to its average volume of 54,192,904. The stock's 50-day simple moving average is $11.38 and its 200 day simple moving average is $10.46. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.10 and a quick ratio of 0.95. The company has a market cap of $46.94 billion, a PE ratio of 15.12, a P/E/G ratio of 3.38 and a beta of 1.52. Ford Motor Company has a 1 year low of $8.44 and a 1 year high of $11.99.

Ford Motor (NYSE:F - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.04. The company had revenue of $50.18 billion during the quarter, compared to analysts' expectations of $42.91 billion. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.Ford Motor's quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the business earned $0.47 earnings per share. On average, equities analysts expect that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 11th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.1%. The ex-dividend date is Monday, August 11th. Ford Motor's dividend payout ratio (DPR) is currently 76.92%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Dbs Bank lowered Ford Motor from a "hold" rating to a "moderate sell" rating in a research note on Monday, August 4th. Royal Bank Of Canada increased their target price on shares of Ford Motor from $10.00 to $11.00 and gave the company a "sector perform" rating in a research report on Tuesday, August 5th. JPMorgan Chase & Co. increased their target price on shares of Ford Motor from $12.00 to $13.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Citigroup increased their target price on shares of Ford Motor from $10.00 to $11.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Finally, The Goldman Sachs Group increased their target price on shares of Ford Motor from $9.00 to $10.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Two analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce" and an average price target of $10.53.

Insiders Place Their Bets

In related news, insider Andrew Frick sold 30,000 shares of Ford Motor 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 in the company, valued at approximately $1,253,329. This trade represents a 20.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.48% of the company's stock.

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.