Spartan Wealth Advisory Services LLC Purchases New Holdings in Ford Motor Company $F

Spartan Wealth Advisory Services LLC purchased a new stake in Ford Motor Company (NYSE:F) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 37,397 shares of the auto manufacturer’s stock, valued at approximately $432,000.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Ford Motor by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 471,705,454 shares of the auto manufacturer’s stock valued at $6,188,776,000 after buying an additional 4,087,699 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Ford Motor by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 152,017,084 shares of the auto manufacturer’s stock valued at $1,994,464,000 after acquiring an additional 4,089,779 shares during the period. Geode Capital Management LLC lifted its stake in shares of Ford Motor by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 106,600,353 shares of the auto manufacturer’s stock valued at $1,394,697,000 after acquiring an additional 1,255,349 shares during the period. Norges Bank bought a new position in Ford Motor in the fourth quarter valued at about $674,437,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Ford Motor by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 45,857,344 shares of the auto manufacturer’s stock valued at $601,687,000 after acquiring an additional 125,534 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on F. Wall Street Zen raised Ford Motor from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Morgan Stanley restated an “equal weight” rating and set a $14.00 target price on shares of Ford Motor in a research report on Wednesday, May 13th. JPMorgan Chase & Co. lifted their price target on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Friday. TD Cowen dropped their price target on shares of Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a research note on Friday, May 1st. Finally, The Goldman Sachs Group boosted their price target on shares of Ford Motor from $13.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $14.79.

Ford Motor Trading Down 0.0%

NYSE F opened at $14.22 on Monday. Ford Motor Company has a 12 month low of $10.68 and a 12 month high of $17.78. The stock has a 50-day simple moving average of $14.30 and a 200 day simple moving average of $13.40. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 2.84. The company has a market capitalization of $56.68 billion, a PE ratio of -9.18, a P/E/G ratio of 0.32 and a beta of 1.82.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.48. The firm had revenue of $43.25 billion for the quarter, compared to analysts’ expectations of $42.66 billion. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.14 earnings per share. Research analysts forecast that Ford Motor Company will post 1.66 EPS for the current year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Tuesday, May 12th. Ford Motor’s dividend payout ratio (DPR) is currently -38.71%.

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.