Kingswood Wealth Advisors LLC Acquires 102,607 Shares of Ford Motor Company (NYSE:F)

Kingswood Wealth Advisors LLC raised its holdings in Ford Motor Company (NYSE:F - Free Report) by 280.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 139,250 shares of the auto manufacturer's stock after purchasing an additional 102,607 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in Ford Motor were worth $1,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in F. Grove Bank & Trust raised its holdings in shares of Ford Motor by 289.1% in the 1st quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer's stock worth $25,000 after purchasing an additional 1,882 shares during the period. Bank of Jackson Hole Trust purchased a new stake in Ford Motor in the fourth quarter worth $29,000. Flagship Wealth Advisors LLC purchased a new stake in Ford Motor in the fourth quarter worth $30,000. Spurstone Advisory Services LLC bought a new stake in shares of Ford Motor in the fourth quarter valued at $31,000. Finally, Wood Tarver Financial Group LLC purchased a new position in shares of Ford Motor during the 4th quarter valued at $31,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on F shares. TD Cowen assumed coverage on Ford Motor in a research note on Friday, March 7th. They issued a "hold" rating and a $10.00 price objective on the stock. Citigroup boosted their price target 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. Sanford C. Bernstein cut shares of Ford Motor from a "market perform" rating to an "underperform" rating and dropped their price target for the company from $9.40 to $7.00 in a research note on Wednesday, April 9th. Wolfe Research upgraded shares of Ford Motor from an "underperform" rating to a "peer perform" rating in a research note on Wednesday, April 30th. Finally, UBS Group dropped their target price on Ford Motor from $10.00 to $9.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $10.03.

Ford Motor Price Performance

Shares of NYSE F opened at $10.43 on Friday. The stock's 50-day simple moving average is $10.22 and its two-hundred day simple moving average is $9.96. Ford Motor Company has a twelve month low of $8.44 and a twelve month high of $14.85. The firm has a market capitalization of $41.46 billion, a P/E ratio of 8.34, a P/E/G ratio of 0.89 and a beta of 1.50. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 2.26.

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

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 12th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.76%. The ex-dividend date was Monday, May 12th. Ford Motor's dividend payout ratio (DPR) is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.