Nwam LLC Purchases 161,639 Shares of Ford Motor Company $F

Key Points

• Nwam LLC increased its Ford Motor stake by 273.8% in the second quarter, purchasing 161,639 additional shares for a total of 220,669 shares valued at approximately $3.07 million. Institutional investors collectively own 58.74% of Ford.
• Analyst sentiment remains mixed, with Ford holding a consensus “Hold” rating and an average price target of $15.68. Recent target changes ranged from Wells Fargo’s $11 price target to Bank of America’s $20 target.
• Ford beat quarterly expectations with adjusted earnings of $0.42 per share versus the $0.33 consensus and revenue of $48.30 billion, while revenue declined 3.8% year over year. The company also paid a quarterly dividend of $0.15 per share, representing a 4.3% yield.

Nwam LLC boosted its position in shares of Ford Motor Company (NYSE:F - Free Report) by 273.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 220,669 shares of the auto manufacturer's stock after acquiring an additional 161,639 shares during the quarter. Nwam LLC's holdings in Ford Motor were worth $3,067,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of F. MV Capital Management Inc. bought a new stake in shares of Ford Motor during the 4th quarter valued at about $25,000. McMillan Office Inc. bought a new position in shares of Ford Motor in the 4th quarter worth approximately $26,000. Legacy Wealth Managment LLC ID lifted its stake in shares of Ford Motor by 108.4% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer's stock worth $27,000 after purchasing an additional 1,230 shares during the period. Johnson Financial Group Inc. boosted its holdings in shares of Ford Motor by 55.4% in the third quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer's stock worth $28,000 after buying an additional 837 shares during the last quarter. Finally, Caldwell Trust Co boosted its holdings in shares of Ford Motor by 605.8% in the first quarter. Caldwell Trust Co now owns 2,534 shares of the auto manufacturer's stock worth $29,000 after buying an additional 2,175 shares during the last quarter. Institutional investors own 58.74% of the company's stock.

Wall Street Analyst Weigh In

F has been the subject of a number of research reports. JPMorgan Chase & Co. upped their target price on shares of Ford Motor from $16.00 to $17.00 and gave the company an "overweight" rating in a report on Wednesday, July 29th. Bank of America lifted their price target on shares of Ford Motor from $17.00 to $20.00 and gave the stock a "buy" rating in a research note on Friday, May 29th. Zacks Research downgraded shares of Ford Motor from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 4th. Jefferies Financial Group upgraded Ford Motor from a "hold" rating to a "buy" rating and upped their price objective for the stock from $14.50 to $17.50 in a research note on Monday, July 27th. Finally, Wells Fargo & Company upped their price objective on Ford Motor from $10.00 to $11.00 and gave the stock an "underweight" rating in a research note on Thursday, June 25th. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Ford Motor currently has a consensus rating of "Hold" and a consensus price target of $15.68.

Ford Motor Trading Down 0.9%

Ford Motor stock opened at $13.81 on Wednesday. The firm has a 50 day moving average of $14.08 and a 200 day moving average of $13.52. The firm has a market capitalization of $55.07 billion, a price-to-earnings ratio of -7.38, a P/E/G ratio of 0.29 and a beta of 1.83. Ford Motor Company has a 12-month low of $11.11 and a 12-month high of $17.78. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 3.07.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly 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. The business had revenue of $48.30 billion for the quarter, compared to the consensus estimate of $47.24 billion. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The company's revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.37 earnings per share. As a group, research analysts predict that Ford Motor Company will post 1.86 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Tuesday, August 11th. Ford Motor's dividend payout ratio (DPR) is presently -32.09%.

Ford Motor Company Profile

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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