Wealthfront Advisers LLC Takes Position in Ford Motor Company $F

Key Points

• Wealthfront Advisers acquired 826,784 Ford shares during the second quarter, worth approximately $11.5 million. Institutional investors collectively own 58.74% of Ford’s outstanding stock.
• Analyst sentiment remains mixed, with Ford carrying a consensus “Hold” rating and an average price target of $15.68; recent targets range from $14 to $20.
• Ford beat quarterly expectations with $0.42 in EPS and $48.30 billion in revenue, while revenue declined 3.8% year over year. The company also declared a quarterly dividend of $0.15 per share, equivalent to a 4.1% annualized yield.

Wealthfront Advisers LLC acquired a new stake in shares of Ford Motor Company (NYSE:F - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 826,784 shares of the auto manufacturer's stock, valued at approximately $11,492,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MV Capital Management Inc. bought a new stake in Ford Motor during the 4th quarter worth approximately $25,000. McMillan Office Inc. bought a new position in shares of Ford Motor in the fourth quarter worth approximately $26,000. Legacy Wealth Managment LLC ID boosted its position in shares of Ford Motor by 108.4% in the first quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer's stock worth $27,000 after purchasing an additional 1,230 shares during the period. Johnson Financial Group Inc. increased its stake in shares of Ford Motor by 55.4% in the third quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer's stock worth $28,000 after purchasing an additional 837 shares in the last quarter. Finally, Caldwell Trust Co increased its stake in shares of Ford Motor by 605.8% in the first quarter. Caldwell Trust Co now owns 2,534 shares of the auto manufacturer's stock worth $29,000 after purchasing an additional 2,175 shares in the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on F. TD Cowen lifted their target price on shares of Ford Motor from $13.00 to $15.00 and gave the company a "hold" rating in a research note on Wednesday, July 29th. Piper Sandler increased their price target on Ford Motor from $16.00 to $17.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. Morgan Stanley reissued an "equal weight" rating and set a $14.00 price target on shares of Ford Motor in a report on Wednesday, May 13th. Wall Street Zen downgraded Ford Motor from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Finally, Bank of America upped their price objective on Ford Motor from $17.00 to $20.00 and gave the stock a "buy" rating in a research note on Friday, May 29th. Eight research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Ford Motor presently has an average rating of "Hold" and a consensus price target of $15.68.

Ford Motor Stock Performance

F opened at $14.48 on Thursday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.93 and a current ratio of 1.09. The stock has a market capitalization of $57.76 billion, a price-to-earnings ratio of -7.75, a PEG ratio of 0.29 and a beta of 1.82. The company has a fifty day moving average of $14.14 and a 200 day moving average of $13.50. 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 EPS for the quarter, topping 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 business had revenue of $48.30 billion for the quarter, compared to analysts' expectations of $47.24 billion. The business's quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.37 EPS. As a group, sell-side analysts forecast that Ford Motor Company will post 1.86 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 4.1%. Ford Motor's dividend payout ratio is presently -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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