Ford Motor Company $F Shares Bought by Empowered Funds LLC

Empowered Funds LLC raised its holdings in Ford Motor Company (NYSE:F) by 23.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 372,013 shares of the auto manufacturer’s stock after purchasing an additional 69,879 shares during the quarter. Empowered Funds LLC’s holdings in Ford Motor were worth $5,171,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Piper Sandler boosted their price target on Ford Motor from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Wall Street Zen cut shares of Ford Motor from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. The Goldman Sachs Group lifted their target price on shares of Ford Motor from $13.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, June 11th. UBS Group boosted their target price on shares of Ford Motor from $14.00 to $17.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Finally, Wells Fargo & Company increased their price target on shares of Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a report on Thursday, June 25th. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $15.68.

Ford Motor Stock Performance

NYSE F opened at $13.94 on Tuesday. The stock has a market capitalization of $55.59 billion, a price-to-earnings ratio of -7.45, a PEG ratio of 0.29 and a beta of 1.82. Ford Motor Company has a twelve month low of $11.11 and a twelve month high of $17.78. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 3.07. The stock has a 50-day moving average of $14.08 and a 200 day moving average of $13.52.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.The company had revenue of $48.30 billion for the quarter, compared to the consensus estimate of $47.24 billion. During the same quarter in the prior year, the business posted $0.37 earnings per share. Ford Motor’s revenue for the quarter was down 3.8% on a year-over-year basis. Sell-side analysts anticipate that Ford Motor Company will post 1.86 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.3%. Ford Motor’s dividend payout ratio (DPR) is -32.09%.

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.