Hennessy Advisors Inc. Has $7.42 Million Stock Holdings in Ford Motor Company $F

Key Points

• Hennessy Advisors increased its Ford position by 21.3% in the second quarter, holding 533,798 shares valued at approximately $7.42 million. Institutional investors and hedge funds collectively own 58.74% of Ford’s stock.
• Analyst sentiment remains mixed but leans toward a “Hold” consensus: eight analysts rate Ford a Buy, ten rate it Hold, and one rates it Sell, with an average price target of $15.68.
• Ford exceeded quarterly earnings expectations, reporting $0.42 in EPS and $48.30 billion in revenue, while announcing a quarterly dividend of $0.15 per share, equivalent to a 4.3% annualized yield.

Hennessy Advisors Inc. grew its position in Ford Motor Company (NYSE:F - Free Report) by 21.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 533,798 shares of the auto manufacturer's stock after purchasing an additional 93,898 shares during the quarter. Hennessy Advisors Inc.'s holdings in Ford Motor were worth $7,420,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Caxton Associates LLP acquired a new position in Ford Motor during the 1st quarter worth $304,000. Empowered Funds LLC grew its position in shares of Ford Motor by 41.6% in the first quarter. Empowered Funds LLC now owns 147,760 shares of the auto manufacturer's stock valued at $1,482,000 after purchasing an additional 43,385 shares during the last quarter. Jump Financial LLC bought a new position in shares of Ford Motor in the second quarter worth about $172,000. NewEdge Advisors LLC increased its stake in shares of Ford Motor by 26.3% in the second quarter. NewEdge Advisors LLC now owns 267,895 shares of the auto manufacturer's stock worth $2,907,000 after purchasing an additional 55,741 shares during the period. Finally, Treasurer of the State of North Carolina lifted its position in shares of Ford Motor by 1.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 1,823,614 shares of the auto manufacturer's stock worth $19,786,000 after purchasing an additional 26,526 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on F. Citigroup upgraded Ford Motor from a "neutral" rating to a "buy" rating and increased their target price for the company from $19.00 to $20.00 in a research note on Wednesday, July 29th. DZ Bank raised Ford Motor from a "sell" rating to a "hold" rating and set a $16.00 price target on the stock in a research report on Friday, July 31st. The Goldman Sachs Group upped their price target on Ford Motor from $13.00 to $16.00 and gave the stock a "neutral" rating in a report on Thursday, June 11th. TD Cowen increased their price objective on Ford Motor from $13.00 to $15.00 and gave the company a "hold" rating in a research report on Wednesday, July 29th. Finally, Zacks Research downgraded shares of Ford Motor from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 4th. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Ford Motor currently has a consensus rating of "Hold" and a consensus target price of $15.68.

Ford Motor Stock Down 0.4%

Shares of F opened at $13.89 on Friday. The company has a 50-day simple moving average of $14.09 and a 200-day simple moving average of $13.52. The firm has a market capitalization of $55.39 billion, a P/E ratio of -7.43, a P/E/G ratio of 0.29 and a beta of 1.82. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.93 and a current ratio of 1.09. Ford Motor Company has a 52 week low of $11.11 and a 52 week high of $17.78.

Ford Motor (NYSE:F - Get Free Report) last released its earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share 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 business had revenue of $48.30 billion during the quarter, compared to analysts' expectations of $47.24 billion. During the same quarter last year, the company earned $0.37 earnings per share. The firm's revenue was down 3.8% on a year-over-year basis. On average, equities research analysts expect that Ford Motor Company will post 1.86 earnings per share for the current year.

Ford Motor Dividend Announcement

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

About Ford Motor

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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