Old West Investment Management LLC Buys Shares of 459,863 Ford Motor Company $F

Key Points

• Old West Investment Management acquired 459,863 Ford shares during the second quarter, valued at approximately $6.4 million. Other institutions also initiated positions, with institutional investors collectively owning 58.74% of Ford.
• Ford exceeded quarterly expectations, reporting adjusted EPS of $0.42 versus the $0.33 consensus and revenue of $48.30 billion. However, revenue declined 3.8% year over year and the company posted a negative net margin.
• Ford declared a quarterly dividend of $0.15, equivalent to $0.60 annually and a 4.2% yield. Analysts’ average rating remains Hold, with an average price target of $15.68 compared with the reported share price of $14.36.

Old West Investment Management LLC bought a new stake in Ford Motor Company (NYSE:F - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 459,863 shares of the auto manufacturer's stock, valued at approximately $6,392,000.

A number of other hedge funds have also made changes to their positions in F. N.E.W. Advisory Services LLC acquired a new stake in shares of Ford Motor during the second quarter worth approximately $837,000. HBK Sorce Advisory LLC acquired a new position in Ford Motor in the 2nd quarter valued at approximately $521,000. Tulsa Wealth Advisors INC acquired a new position in Ford Motor in the 2nd quarter valued at approximately $204,000. OMC Financial Services LTD purchased a new stake in Ford Motor in the 2nd quarter worth approximately $991,000. Finally, German American Bancorp Inc. purchased a new stake in Ford Motor in the 2nd quarter worth approximately $253,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Price Performance

NYSE F opened at $14.36 on Monday. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07. The stock has a market capitalization of $57.26 billion, a PE ratio of -7.68, a price-to-earnings-growth ratio of 0.30 and a beta of 1.82. Ford Motor Company has a 12-month low of $11.11 and a 12-month high of $17.78. The company has a 50 day moving average price of $14.18 and a two-hundred day moving average price of $13.50.

Ford Motor (NYSE:F - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS for the quarter, topping the consensus estimate of $0.33 by $0.09. The company had revenue of $48.30 billion for the quarter, compared to analyst estimates of $47.24 billion. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. Ford Motor's quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.37 EPS. As a group, equities analysts predict that Ford Motor Company will post 1.86 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 4.2%. Ford Motor's dividend payout ratio is currently -32.09%.

Analysts Set New Price Targets

A number of brokerages have issued reports on F. Wall Street Zen lowered shares of Ford Motor from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Ford Motor in a research note on Wednesday, June 24th. Morgan Stanley reiterated an "equal weight" rating and set a $14.00 price objective on shares of Ford Motor in a report on Wednesday, May 13th. JPMorgan Chase & Co. lifted their price objective on Ford Motor from $16.00 to $17.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Finally, Royal Bank Of Canada boosted their target price on Ford Motor from $13.00 to $15.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 29th. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Ford Motor presently has an average rating of "Hold" and an average price target of $15.68.

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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