Texas Capital Bank Wealth Management Services Inc Makes New $1.73 Million Investment in Ford Motor Company $F

Key Points

• Texas Capital Bank Wealth Management Services purchased 124,463 Ford shares in the second quarter, valued at approximately $1.73 million. Institutional investors collectively own 58.74% of Ford’s outstanding stock.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $15.68. Ratings include eight Buys, ten Holds and one Sell.
• Ford exceeded quarterly expectations, reporting adjusted EPS of $0.42 versus the $0.33 estimate and revenue of $48.30 billion, although revenue declined 3.8% year over year. The company also declared a quarterly dividend of $0.15 per share, implying a 4.3% annualized yield.

Texas Capital Bank Wealth Management Services Inc purchased a new stake in Ford Motor Company (NYSE:F - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 124,463 shares of the auto manufacturer's stock, valued at approximately $1,730,000.

Other hedge funds have also recently made changes to their positions in the company. MV Capital Management Inc. bought a new position in shares of Ford Motor in the fourth quarter worth $25,000. McMillan Office Inc. bought a new stake in Ford Motor during the fourth quarter valued at $26,000. Legacy Wealth Managment LLC ID grew its position in Ford Motor by 108.4% during the first quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer's stock worth $27,000 after buying an additional 1,230 shares in the last quarter. Johnson Financial Group Inc. grew its position in Ford Motor by 55.4% during 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 in the last quarter. Finally, Caldwell Trust Co increased its stake in Ford Motor by 605.8% in the 1st quarter. Caldwell Trust Co now owns 2,534 shares of the auto manufacturer's stock worth $29,000 after acquiring an additional 2,175 shares during the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on F shares. Dbs Bank raised Ford Motor from a "hold" rating to a "moderate buy" rating in a report on Tuesday, August 11th. Wells Fargo & Company boosted their price objective on Ford Motor from $10.00 to $11.00 and gave the stock an "underweight" rating in a report on Thursday, June 25th. Bank of America upped their price objective on shares of Ford Motor from $17.00 to $20.00 and gave the stock a "buy" rating in a research report on Friday, May 29th. BNP Paribas Exane lifted their target price on shares of Ford Motor from $14.00 to $14.50 and gave the company a "neutral" rating in a research report on Thursday, July 30th. Finally, Zacks Research cut shares of Ford Motor from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 4th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $15.68.

Ford Motor Stock Performance

NYSE:F opened at $14.07 on Tuesday. The business has a 50 day moving average of $14.16 and a 200 day moving average of $13.50. The company has a market capitalization of $56.11 billion, a price-to-earnings ratio of -7.52, a PEG ratio of 0.30 and a beta of 1.82. Ford Motor Company has a 1-year low of $11.11 and a 1-year high of $17.78. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.09 and a quick ratio of 0.93.

Ford Motor (NYSE:F - Get Free Report) last issued its earnings results 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 analyst estimates of $47.24 billion. During the same quarter in the prior year, the firm earned $0.37 earnings per share. Ford Motor's revenue for the quarter was down 3.8% on a year-over-year basis. On average, sell-side analysts predict that Ford Motor Company will post 1.86 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.3%. Ford Motor's dividend payout ratio is -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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