Townsquare Capital LLC Acquires 23,604 Shares of Ford Motor Company (NYSE:F)

Key Points

• Townsquare Capital LLC increased its stake in Ford Motor Company by 28.3%, acquiring an additional 23,604 shares for a total of 106,871 shares currently valued at $1,072,000.
• Several analysts have downgraded Ford's stock, now averaging a consensus rating of "Hold" with a price target of $10.53, reflecting mixed confidence from market experts.
• Ford Motor recently reported $50.18 billion in revenue for the last quarter, significantly exceeding analysts' estimates, alongside announcing a quarterly dividend of $0.15 per share.

Townsquare Capital LLC raised its holdings in shares of Ford Motor Company (NYSE:F - Free Report) by 28.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 106,871 shares of the auto manufacturer's stock after purchasing an additional 23,604 shares during the quarter. Townsquare Capital LLC's holdings in Ford Motor were worth $1,072,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Kovack Advisors Inc. raised its holdings in shares of Ford Motor by 1.7% in the first quarter. Kovack Advisors Inc. now owns 62,199 shares of the auto manufacturer's stock valued at $624,000 after acquiring an additional 1,035 shares in the last quarter. Partners Wealth Management LLC raised its holdings in shares of Ford Motor by 8.4% in the first quarter. Partners Wealth Management LLC now owns 13,903 shares of the auto manufacturer's stock valued at $139,000 after acquiring an additional 1,082 shares in the last quarter. NorthCrest Asset Manangement LLC raised its holdings in shares of Ford Motor by 7.6% in the first quarter. NorthCrest Asset Manangement LLC now owns 16,203 shares of the auto manufacturer's stock valued at $163,000 after acquiring an additional 1,140 shares in the last quarter. Lineweaver Wealth Advisors LLC raised its holdings in shares of Ford Motor by 4.3% in the first quarter. Lineweaver Wealth Advisors LLC now owns 27,555 shares of the auto manufacturer's stock valued at $276,000 after acquiring an additional 1,142 shares in the last quarter. Finally, Exencial Wealth Advisors LLC raised its holdings in shares of Ford Motor by 6.3% in the first quarter. Exencial Wealth Advisors LLC now owns 19,765 shares of the auto manufacturer's stock valued at $198,000 after acquiring an additional 1,176 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wall Street Zen upgraded Ford Motor from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Jefferies Financial Group lifted their price objective on Ford Motor from $8.00 to $9.00 and gave the company an "underperform" rating in a report on Monday. Royal Bank Of Canada lifted their price objective on Ford Motor from $10.00 to $11.00 and gave the company a "sector perform" rating in a report on Tuesday, August 5th. Dbs Bank downgraded Ford Motor from a "hold" rating to a "moderate sell" rating in a report on Monday, August 4th. Finally, Piper Sandler boosted their target price on shares of Ford Motor from $9.00 to $9.50 and gave the stock a "neutral" rating in a report on Thursday, July 31st. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ford Motor presently has a consensus rating of "Hold" and a consensus price target of $10.53.

Insider Buying and Selling at Ford Motor

In other news, insider Andrew Frick sold 30,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total transaction of $330,000.00. Following the sale, the insider owned 113,939 shares in the company, valued at approximately $1,253,329. The trade was a 20.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.48% of the company's stock.

Ford Motor Price Performance

Shares of F stock opened at $11.45 on Friday. Ford Motor Company has a fifty-two week low of $8.44 and a fifty-two week high of $11.97. The firm has a market capitalization of $45.55 billion, a price-to-earnings ratio of 14.67, a PEG ratio of 3.30 and a beta of 1.48. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.95 and a current ratio of 1.10. The stock's 50-day simple moving average is $11.10 and its 200-day simple moving average is $10.29.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.04. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%. The business had revenue of $50.18 billion for the quarter, compared to analyst estimates of $42.91 billion. During the same quarter in the previous year, the firm earned $0.47 earnings per share. The company's revenue was up 5.0% on a year-over-year basis. As a group, equities analysts forecast that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, August 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.2%. Ford Motor's payout ratio is presently 76.92%.

Ford Motor Company Profile

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.

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