Two Sigma Securities LLC Purchases New Position in Ford Motor Company $F

Key Points

• Two Sigma Securities purchased 73,770 Ford shares worth approximately $1.03 million in the second quarter. Institutional investors and hedge funds collectively own 58.74% of Ford’s outstanding stock.
• Analyst sentiment remains mixed but has improved, with recent price-target increases to as high as $20. MarketBeat’s consensus rating is Hold, with an average target price of $15.68.
• Ford exceeded quarterly earnings expectations, reporting $0.42 in adjusted EPS versus $0.33 expected and revenue of $48.30 billion. The company also announced a quarterly dividend of $0.15 per share, equal to a 4.3% annualized yield.

Two Sigma Securities LLC purchased a new stake in Ford Motor Company (NYSE:F - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 73,770 shares of the auto manufacturer's stock, valued at approximately $1,025,000.

Several other hedge funds have also recently bought and sold shares of F. BlackRock Inc. bought a new stake in Ford Motor during the 2nd quarter worth approximately $4,649,131,000. Bank of America Corp DE raised its position in Ford Motor by 318.0% in the 2nd quarter. Bank of America Corp DE now owns 72,424,686 shares of the auto manufacturer's stock valued at $1,006,703,000 after purchasing an additional 55,100,244 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Ford Motor in the 2nd quarter valued at $717,218,000. Norges Bank acquired a new position in Ford Motor in the fourth quarter worth $674,437,000. Finally, Deutsche Bank AG bought a new position in shares of Ford Motor in the second quarter valued at about $267,563,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on F. DZ Bank raised shares of Ford Motor from a "sell" rating to a "hold" rating and set a $16.00 price objective on the stock in a report on Friday, July 31st. JPMorgan Chase & Co. increased their price target on shares of Ford Motor from $16.00 to $17.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. Piper Sandler raised their price target on shares of Ford Motor from $16.00 to $17.00 and gave the company an "overweight" rating in a report on Wednesday, July 29th. Bank of America boosted 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. Finally, UBS Group increased their price objective on Ford Motor from $14.00 to $17.00 and gave the company a "buy" rating in a research report on Monday, June 8th. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $15.68.

Ford Motor Stock Performance

Shares of NYSE:F opened at $13.94 on Tuesday. The firm's 50 day simple moving average is $14.08 and its 200 day simple moving average is $13.52. 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 company has a market capitalization of $55.59 billion, a price-to-earnings ratio of -7.45, a P/E/G ratio of 0.29 and a beta of 1.82. Ford Motor Company has a fifty-two week low of $11.11 and a fifty-two week high of $17.78.

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

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.3%. The ex-dividend date is Tuesday, August 11th. Ford Motor's dividend payout ratio (DPR) is -32.09%.

Ford Motor 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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