Allworth Financial LP boosted its holdings in shares of Ford Motor (NYSE:F – Get Rating) by 22.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,859 shares of the auto manufacturer's stock after acquiring an additional 14,337 shares during the period. Allworth Financial LP's holdings in Ford Motor were worth $867,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Thompson Siegel & Walmsley LLC bought a new position in Ford Motor during the first quarter worth about $25,000. Ten Capital Wealth Advisors LLC bought a new stake in shares of Ford Motor in the first quarter valued at about $25,000. Mark Sheptoff Financial Planning LLC lifted its holdings in shares of Ford Motor by 199.2% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 1,505 shares of the auto manufacturer's stock valued at $25,000 after purchasing an additional 1,002 shares in the last quarter. Core Alternative Capital lifted its holdings in shares of Ford Motor by 390.2% in the first quarter. Core Alternative Capital now owns 1,696 shares of the auto manufacturer's stock valued at $29,000 after purchasing an additional 1,350 shares in the last quarter. Finally, Hanson & Doremus Investment Management bought a new stake in shares of Ford Motor in the first quarter valued at about $34,000. 49.89% of the stock is currently owned by institutional investors.
Get Ford Motor alerts:Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. TheStreet upgraded Ford Motor from a "c" rating to a "b-" rating in a report on Wednesday, July 27th. The Goldman Sachs Group cut their price target on Ford Motor from $18.00 to $14.00 and set a "neutral" rating on the stock in a report on Wednesday, June 1st. Wells Fargo & Company lowered their target price on Ford Motor from $12.00 to $10.00 and set an "underweight" rating on the stock in a research report on Monday, July 11th. Nomura raised Ford Motor from a "reduce" rating to a "neutral" rating and set a $12.40 target price on the stock in a research report on Thursday, July 21st. Finally, Benchmark lowered their target price on Ford Motor to $23.00 in a research report on Tuesday, August 9th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Ford Motor currently has an average rating of "Hold" and an average price target of $18.28.
Ford Motor Price Performance
Shares of NYSE F opened at $12.31 on Friday. The business's 50 day moving average price is $14.75 and its two-hundred day moving average price is $14.25. The company has a market cap of $49.49 billion, a PE ratio of 4.30, a price-to-earnings-growth ratio of 0.76 and a beta of 1.29. The company has a quick ratio of 1.00, a current ratio of 1.16 and a debt-to-equity ratio of 1.92. Ford Motor has a twelve month low of $10.61 and a twelve month high of $25.87.Ford Motor (NYSE:F – Get Rating) last issued its quarterly earnings data on Wednesday, July 27th. The auto manufacturer reported $0.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.25. Ford Motor had a return on equity of 16.91% and a net margin of 7.86%. The company had revenue of $37.91 billion during the quarter, compared to analysts' expectations of $35.17 billion. During the same quarter in the previous year, the company posted $0.13 earnings per share. The business's revenue was up 57.1% on a year-over-year basis. On average, analysts predict that Ford Motor will post 2.08 EPS for the current year.
Ford Motor Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Thursday, August 11th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date of this dividend was Wednesday, August 10th. This is a boost from Ford Motor's previous quarterly dividend of $0.10. Ford Motor's payout ratio is currently 20.98%.
Ford Motor Profile
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Ford Motor Company designs, manufactures, markets, and services a range of Ford trucks, cars, sport utility vehicles, electrified vehicles, and Lincoln luxury vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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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