NorthRock Partners LLC Boosts Stake in Ford Motor Company (NYSE:F)

Key Points

• NorthRock Partners LLC increased its stake in Ford Motor Company by 76.6% during the 1st quarter, holding a total of 54,102 shares valued at $543,000 as of the latest SEC filing.
• Ford reported $0.37 earnings per share for the quarter, exceeding analysts' expectations of $0.33, with a revenue of $50.18 billion, a 5% increase year-over-year.
• The company has declared a quarterly dividend of $0.15 per share, which will be paid on September 2nd, offering an annualized yield of 5.4%.

NorthRock Partners LLC grew its holdings in Ford Motor Company (NYSE:F - Free Report) by 76.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,102 shares of the auto manufacturer's stock after purchasing an additional 23,471 shares during the period. NorthRock Partners LLC's holdings in Ford Motor were worth $543,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. North Star Asset Management Inc. acquired a new position in Ford Motor during the 1st quarter worth about $198,000. Howard Capital Management Inc. lifted its stake in Ford Motor by 4.3% during the 1st quarter. Howard Capital Management Inc. now owns 56,405 shares of the auto manufacturer's stock worth $566,000 after acquiring an additional 2,328 shares in the last quarter. Arkadios Wealth Advisors lifted its stake in Ford Motor by 140.8% during the 1st quarter. Arkadios Wealth Advisors now owns 260,511 shares of the auto manufacturer's stock worth $2,613,000 after acquiring an additional 152,329 shares in the last quarter. Bayforest Capital Ltd lifted its stake in Ford Motor by 16.7% during the 1st quarter. Bayforest Capital Ltd now owns 19,459 shares of the auto manufacturer's stock worth $195,000 after acquiring an additional 2,779 shares in the last quarter. Finally, XTX Topco Ltd lifted its stake in Ford Motor by 1.2% during the 1st quarter. XTX Topco Ltd now owns 328,167 shares of the auto manufacturer's stock worth $3,292,000 after acquiring an additional 3,778 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company's stock.

Ford Motor Price Performance

Shares of F traded down $0.27 during mid-day trading on Friday, hitting $10.80. The company's stock had a trading volume of 73,499,128 shares, compared to its average volume of 67,465,712. The firm has a 50-day simple moving average of $10.91 and a 200 day simple moving average of $10.22. The firm has a market capitalization of $42.95 billion, a P/E ratio of 13.85, a P/E/G ratio of 3.15 and a beta of 1.48. Ford Motor Company has a 1-year low of $8.44 and a 1-year high of $11.97. The company has a current ratio of 1.10, a quick ratio of 0.97 and a debt-to-equity ratio of 2.24.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.04. The firm 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 revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.47 earnings per share. Analysts predict that Ford Motor Company will post 1.47 EPS 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. Shareholders of record on Monday, August 11th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, August 11th. This represents a $0.60 annualized dividend and a yield of 5.6%. Ford Motor's dividend payout ratio (DPR) is presently 76.92%.

Wall Street Analysts Forecast Growth

F has been the topic of several research reports. Piper Sandler increased their target price on Ford Motor from $9.00 to $9.50 and gave the stock a "neutral" rating in a research note on Thursday. Wolfe Research raised Ford Motor from an "underperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. UBS Group increased their price target on Ford Motor from $9.00 to $11.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. The Goldman Sachs Group increased their price target on Ford Motor from $9.00 to $10.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. increased their price target on Ford Motor from $12.00 to $13.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $10.40.

Insiders Place Their Bets

In other Ford Motor news, insider Andrew Frick sold 30,000 shares of the firm's stock in a transaction 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 owned 113,939 shares of the company's stock, valued at approximately $1,253,329. This trade represents a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.48% of the company's stock.

About Ford Motor

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.