Miracle Mile Advisors LLC Boosts Stake in Ford Motor (NYSE:F)

Miracle Mile Advisors LLC boosted its stake in shares of Ford Motor (NYSE:F - Free Report) by 13.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 588,667 shares of the auto manufacturer's stock after acquiring an additional 70,845 shares during the quarter. Miracle Mile Advisors LLC's holdings in Ford Motor were worth $5,904,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Bank of Jackson Hole Trust acquired a new position in shares of Ford Motor in the 4th quarter valued at $29,000. Flagship Wealth Advisors LLC purchased a new position in Ford Motor in the 4th quarter valued at about $30,000. Spurstone Advisory Services LLC purchased a new position in Ford Motor in the 4th quarter valued at about $31,000. Kentucky Trust Co purchased a new position in Ford Motor in the 4th quarter valued at about $31,000. Finally, Wood Tarver Financial Group LLC purchased a new position in Ford Motor in the 4th quarter worth approximately $31,000. Institutional investors own 58.74% of the company's stock.

Ford Motor Trading Up 1.6%

Shares of F opened at $10.26 on Monday. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The firm has a market capitalization of $40.80 billion, a P/E ratio of 7.03, a PEG ratio of 0.61 and a beta of 1.50. The firm's 50-day moving average is $10.01 and its two-hundred day moving average is $9.99. Ford Motor has a twelve month low of $8.44 and a twelve month high of $14.85.

Ford Motor (NYSE:F - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of ($0.02) by $0.16. The company had revenue of $40.66 billion for the quarter, compared to the consensus estimate of $35.99 billion. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. Ford Motor's revenue was down 6.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 earnings per share. On average, research analysts predict that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 12th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.85%. The ex-dividend date of this dividend was Monday, May 12th. Ford Motor's payout ratio is currently 48.00%.

Analysts Set New Price Targets

Several research firms have recently commented on F. JPMorgan Chase & Co. lifted their price target on shares of Ford Motor from $11.00 to $12.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Wall Street Zen cut shares of Ford Motor from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. BNP Paribas raised shares of Ford Motor to a "hold" rating in a research report on Monday, February 10th. TD Cowen started coverage on shares of Ford Motor in a report on Friday, March 7th. They issued a "hold" rating and a $10.00 target price for the company. Finally, Sanford C. Bernstein cut shares of Ford Motor from a "market perform" rating to an "underperform" rating and reduced their target price for the company from $9.40 to $7.00 in a report on Wednesday, April 9th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $10.03.

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.

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