Persistent Asset Partners Ltd Buys Shares of 445,837 Ford Motor Company $F

Key Points

• Persistent Asset Partners bought 445,837 Ford shares worth approximately $6.2 million, making Ford its 11th-largest portfolio holding; institutional investors collectively own 58.74% of the stock.
• Analyst sentiment is mixed, with eight Buy, ten Hold, and one Sell rating. Ford’s consensus rating is Hold, with an average price target of $15.68.
• Ford beat quarterly expectations with adjusted earnings of $0.42 per share versus $0.33 expected and revenue of $48.3 billion, while revenue declined 3.8% year over year. The company also declared a quarterly dividend of $0.15 per share, implying a 4.2% annualized yield.

Persistent Asset Partners Ltd purchased a new stake in Ford Motor Company (NYSE:F - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 445,837 shares of the auto manufacturer's stock, valued at approximately $6,197,000. Ford Motor accounts for 1.8% of Persistent Asset Partners Ltd's investment portfolio, making the stock its 11th biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Caxton Associates LLP acquired a new stake in shares of Ford Motor during the first quarter worth $304,000. Empowered Funds LLC lifted its stake in Ford Motor by 41.6% in the first quarter. Empowered Funds LLC now owns 147,760 shares of the auto manufacturer's stock valued at $1,482,000 after buying an additional 43,385 shares during the period. Jump Financial LLC acquired a new position in Ford Motor in the second quarter valued at about $172,000. NewEdge Advisors LLC boosted its holdings in Ford Motor by 26.3% during the second quarter. NewEdge Advisors LLC now owns 267,895 shares of the auto manufacturer's stock worth $2,907,000 after buying an additional 55,741 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its holdings in Ford Motor by 1.5% during the second quarter. Treasurer of the State of North Carolina now owns 1,823,614 shares of the auto manufacturer's stock worth $19,786,000 after buying an additional 26,526 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on F. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Ford Motor in a research note on Wednesday, June 24th. Wells Fargo & Company boosted their price objective on shares of Ford Motor from $10.00 to $11.00 and gave the company an "underweight" rating in a report on Thursday, June 25th. Citigroup raised shares of Ford Motor from a "neutral" rating to a "buy" rating and upped their target price for the company from $19.00 to $20.00 in a research note on Wednesday, July 29th. The Goldman Sachs Group increased their target price on shares of Ford Motor from $13.00 to $16.00 and gave the stock a "neutral" rating in a report on Thursday, June 11th. Finally, UBS Group lifted their price target on shares of Ford Motor from $14.00 to $17.00 and gave the stock a "buy" rating in a research report on Monday, June 8th. Eight 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. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $15.68.

Ford Motor Stock Performance

Shares of F stock opened at $14.36 on Monday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.93 and a current ratio of 1.09. Ford Motor Company has a 52 week low of $11.11 and a 52 week high of $17.78. The company's 50 day moving average price is $14.18 and its two-hundred day moving average price is $13.50. The company has a market capitalization of $57.26 billion, a P/E ratio of -7.68, a price-to-earnings-growth ratio of 0.30 and a beta of 1.82.

Ford Motor (NYSE:F - Get Free Report) last released 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. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The company had revenue of $48.30 billion during the quarter, compared to analysts' expectations of $47.24 billion. During the same quarter in the prior year, the company earned $0.37 earnings per share. The business's quarterly revenue was down 3.8% compared to the same quarter last year. On average, analysts expect that Ford Motor Company will post 1.86 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

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

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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