Old West Investment Management LLC Takes Position in Ford Motor Company $F

Old West Investment Management LLC acquired a new stake in Ford Motor Company (NYSE:F) during the second quarter, Holdings Channel.com reports. The firm acquired 459,863 shares of the auto manufacturer’s stock, valued at approximately $6,392,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Maripau Wealth Management LLC grew its holdings in Ford Motor by 1.6% during the first quarter. Maripau Wealth Management LLC now owns 46,606 shares of the auto manufacturer’s stock valued at $538,000 after purchasing an additional 749 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of Ford Motor by 7.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 10,999 shares of the auto manufacturer’s stock valued at $144,000 after purchasing an additional 756 shares during the period. Robertson Stephens Wealth Management LLC lifted its stake in shares of Ford Motor by 1.8% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 42,683 shares of the auto manufacturer’s stock worth $560,000 after buying an additional 761 shares during the last quarter. Southern Financial Group LLC lifted its stake in shares of Ford Motor by 2.3% in the first quarter. Southern Financial Group LLC now owns 34,714 shares of the auto manufacturer’s stock worth $401,000 after buying an additional 776 shares during the last quarter. Finally, Activest Wealth Management boosted its holdings in shares of Ford Motor by 35.3% during the 4th quarter. Activest Wealth Management now owns 3,041 shares of the auto manufacturer’s stock worth $40,000 after buying an additional 794 shares during the period. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Trading Down 0.1%

Shares of F stock opened at $14.36 on Monday. The firm has a market capitalization of $57.26 billion, a P/E ratio of -7.68, a price-to-earnings-growth ratio of 0.30 and a beta of 1.82. Ford Motor Company has a 1 year low of $11.11 and a 1 year high of $17.78. The firm’s fifty day simple moving average is $14.18 and its 200 day simple moving average is $13.50. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 3.07.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share (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 company had revenue of $48.30 billion for the quarter, compared to analyst estimates of $47.24 billion. During the same period last year, the business posted $0.37 EPS. The business’s quarterly revenue was down 3.8% on a year-over-year basis. As a group, sell-side analysts predict that Ford Motor Company will post 1.86 EPS for the current year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Tuesday, August 11th. Ford Motor’s dividend payout ratio (DPR) is presently -32.09%.

Analyst Ratings Changes

F has been the topic of a number of research analyst reports. Zacks Research lowered shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. BNP Paribas Exane boosted their target price on shares of Ford Motor from $14.00 to $14.50 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Citigroup upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and upped their price target for the company from $19.00 to $20.00 in a report on Wednesday, July 29th. Dbs Bank raised Ford Motor from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, August 11th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Ford Motor in a research note on Wednesday, June 24th. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $15.68.

About Ford Motor

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.