QRG Capital Management Inc. Decreases Stake in Ford Motor Company $F

QRG Capital Management Inc. cut its stake in Ford Motor Company (NYSE:F) by 35.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,436 shares of the auto manufacturer’s stock after selling 56,975 shares during the period. QRG Capital Management Inc.’s holdings in Ford Motor were worth $1,182,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. IRON Financial LLC acquired a new stake in shares of Ford Motor during the first quarter worth $310,000. Carter Financial Group INC. acquired a new position in shares of Ford Motor in the 1st quarter valued at $123,000. Turtle Creek Wealth Advisors LLC raised its stake in Ford Motor by 27.0% in the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 39,996 shares of the auto manufacturer’s stock worth $462,000 after acquiring an additional 8,503 shares during the last quarter. Private Advisor Group LLC lifted its position in Ford Motor by 20.2% during the 1st quarter. Private Advisor Group LLC now owns 320,204 shares of the auto manufacturer’s stock worth $3,695,000 after acquiring an additional 53,780 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Ford Motor by 29.5% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,045,760 shares of the auto manufacturer’s stock valued at $12,068,000 after purchasing an additional 238,000 shares during the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Trading Down 1.9%

Shares of NYSE:F opened at $13.57 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 2.84. Ford Motor Company has a 12-month low of $10.68 and a 12-month high of $17.78. The business has a 50 day moving average of $14.02 and a two-hundred day moving average of $13.37. The company has a market capitalization of $54.06 billion, a PE ratio of -8.75, a PEG ratio of 0.30 and a beta of 1.82.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.48. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The firm had revenue of $43.25 billion during the quarter, compared to analyst estimates of $42.66 billion. During the same period in the previous year, the firm earned $0.14 EPS. The business’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, analysts forecast that Ford Motor Company will post 1.64 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.60 dividend on an annualized basis and a yield of 4.4%. Ford Motor’s payout ratio is presently -38.71%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Morgan Stanley restated an “equal weight” rating and issued a $14.00 price objective on shares of Ford Motor in a research note on Wednesday, May 13th. Zacks Research lowered Ford Motor from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Bank of America raised their price target 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. Weiss Ratings restated a “buy (b)” rating on shares of Ford Motor in a research note on Wednesday, June 24th. Finally, TD Cowen dropped their price objective on shares of Ford Motor from $14.00 to $13.00 and set a “hold” rating on the stock in a report on Friday, May 1st. Five 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 company’s stock. According to MarketBeat.com, Ford Motor currently has an average rating of “Hold” and a consensus target price of $14.70.

Ford Motor News Roundup

Here are the key news stories impacting Ford Motor this week:

• Positive Sentiment: Ford and Micron signed a long-term semiconductor supply agreement for Ford’s next-generation vehicles, which should help secure memory and storage components for future production and may support the company’s software-driven vehicle plans. Micron, Ford sign semiconductor supply agreement for vehicles
• Positive Sentiment: Ford received a Zacks Rank #2 (Buy) upgrade, reflecting improving earnings expectations and near-term optimism about the stock. All You Need to Know About Ford Motor (F) Rating Upgrade to Buy
• Neutral Sentiment: Analysts continue to rate Ford at an average “Hold,” suggesting the stock still faces balanced views from Wall Street. Ford Motor Company (NYSE:F) Given Average Recommendation of “Hold” by Analysts
• Negative Sentiment: Ford announced a recall of more than 110,000 Mustang, Mustang GTD and Mustang Mach-E vehicles due to windshield wiper and rear drivetrain defects, raising safety and liability concerns. Ford to recall over 110,000 US vehicles over wiper, pinion shaft issues, NHTSA says
• Negative Sentiment: Ford is also dealing with weakness in its EV business, with reports that sales of its flagship EVs fell sharply and the company is resetting EV plans after a sales slump and supplier disruption. Ford (F) Resets EV Plans After Sales Slump And Supplier Fire

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.