Paralel Advisors LLC Acquires New Position in Ford Motor Company $F

Key Points

• Paralel Advisors LLC acquired 200,240 Ford shares during the second quarter, valued at approximately $2.8 million. Institutional investors and hedge funds collectively own 58.74% of Ford.
• Ford reported quarterly EPS of $0.42, beating estimates of $0.33, while revenue reached $48.3 billion but declined 3.8% year over year. Shares opened at $13.97, down 3.7%.
• Ford declared a quarterly dividend of $0.15 per share, representing a 4.3% annualized yield. Analysts maintain a consensus “Hold” rating with an average price target of $15.68.

Paralel Advisors LLC bought a new position in shares of Ford Motor Company (NYSE:F - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 200,240 shares of the auto manufacturer's stock, valued at approximately $2,783,000.

Other hedge funds also recently added to or reduced their stakes in the company. Maripau Wealth Management LLC increased its position in shares of Ford Motor by 1.6% during the first quarter. Maripau Wealth Management LLC now owns 46,606 shares of the auto manufacturer's stock worth $538,000 after acquiring an additional 749 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Ford Motor by 7.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 10,999 shares of the auto manufacturer's stock valued at $144,000 after acquiring an additional 756 shares in the last quarter. Robertson Stephens Wealth Management LLC boosted its holdings in Ford Motor by 1.8% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 42,683 shares of the auto manufacturer's stock valued at $560,000 after purchasing an additional 761 shares during the period. Southern Financial Group LLC boosted its holdings in Ford Motor by 2.3% in the first quarter. Southern Financial Group LLC now owns 34,714 shares of the auto manufacturer's stock valued at $401,000 after purchasing an additional 776 shares during the period. Finally, Bernicke Wealth Management Ltd. grew its stake in Ford Motor by 2.0% during the 2nd quarter. Bernicke Wealth Management Ltd. now owns 39,789 shares of the auto manufacturer's stock worth $553,000 after purchasing an additional 792 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Stock Down 3.7%

Shares of NYSE F opened at $13.97 on Friday. The company has a market capitalization of $55.71 billion, a price-to-earnings ratio of -7.47, a price-to-earnings-growth ratio of 0.30 and a beta of 1.82. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.09 and a quick ratio of 0.93. The business has a 50-day moving average of $14.13 and a two-hundred day moving average of $13.50. Ford Motor Company has a 1 year low of $11.11 and a 1 year high of $17.78.

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

Ford Motor Announces Dividend

The firm also recently declared 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. This represents a $0.60 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, August 11th. Ford Motor's dividend payout ratio is -32.09%.

Analysts Set New Price Targets

Several brokerages have weighed in on F. Dbs Bank upgraded Ford Motor from a "hold" rating to a "moderate buy" rating in a report on Tuesday, August 11th. Citigroup upgraded Ford Motor from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $19.00 to $20.00 in a research note on Wednesday, July 29th. Zacks Research downgraded Ford Motor from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 4th. Wall Street Zen lowered shares of Ford Motor from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Finally, BNP Paribas Exane raised their target price on shares of Ford Motor from $14.00 to $14.50 and gave the company a "neutral" rating in a report on Thursday, July 30th. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $15.68.

About Ford Motor

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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