Maridea Wealth Management LLC Raises Holdings in Ford Motor Company (NYSE:F)

Key Points

• Maridea Wealth Management LLC increased its stake in Ford Motor Company by 280.2% during the first quarter, owning 53,687 shares valued at $538,000.
• Insider Andrew Frick sold 30,000 shares of Ford at an average price of $11.00, reducing his holdings by 20.84% to 113,939 shares.
• Several analysts have raised their target prices for Ford Motor to $11.00, with an average stock rating of "Hold" and a price target of $10.37.

Maridea Wealth Management LLC increased its stake in shares of Ford Motor Company (NYSE:F - Free Report) by 280.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,687 shares of the auto manufacturer's stock after acquiring an additional 39,567 shares during the period. Maridea Wealth Management LLC's holdings in Ford Motor were worth $538,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Grove Bank & Trust grew its holdings in Ford Motor by 289.1% in the first quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer's stock valued at $25,000 after purchasing an additional 1,882 shares during the period. Elite Financial Inc. acquired a new stake in Ford Motor in the first quarter valued at approximately $27,000. Olde Wealth Management LLC acquired a new stake in Ford Motor in the first quarter valued at approximately $28,000. MorganRosel Wealth Management LLC acquired a new stake in Ford Motor in the first quarter valued at approximately $30,000. Finally, Spurstone Advisory Services LLC acquired a new stake in Ford Motor in the fourth quarter valued at approximately $31,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Trading Up 1.3%

Shares of NYSE F traded up $0.15 during mid-day trading on Thursday, reaching $11.02. 70,287,888 shares of the company's stock were exchanged, compared to its average volume of 102,965,680. The firm has a market capitalization of $43.80 billion, a price-to-earnings ratio of 8.81, a PEG ratio of 3.25 and a beta of 1.49. 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 52-week low of $8.44 and a 52-week high of $11.97. The company's 50-day moving average is $10.89 and its 200-day moving average is $10.20.

Ford Motor (NYSE:F - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.04. The business 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 13.49% and a net margin of 2.74%. The company's revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.47 EPS. Analysts expect that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 11th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.45%. Ford Motor's dividend payout ratio is presently 48.00%.

Analyst Ratings Changes

F has been the topic of several research analyst reports. Barclays raised their price objective on Ford Motor from $9.00 to $11.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. UBS Group lifted their price target on Ford Motor from $9.00 to $11.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Wall Street Zen raised Ford Motor from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. The Goldman Sachs Group lifted their price target on Ford Motor from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Finally, Sanford C. Bernstein lowered Ford Motor from a "market perform" rating to an "underperform" rating and lowered their price target for the stock from $9.40 to $7.00 in a research note on Wednesday, April 9th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $10.40.

Insider Activity

In related news, insider Andrew Frick sold 30,000 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total value of $330,000.00. Following the sale, the insider owned 113,939 shares in the company, valued at approximately $1,253,329. The trade was a 20.84% decrease in their position. The transaction was disclosed in a 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 Company 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.