Mather Group LLC. raised its stake in Ford Motor Company (NYSE:F – Free Report) by 204.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,414 shares of the auto manufacturer’s stock after acquiring an additional 42,618 shares during the period. Mather Group LLC.’s holdings in Ford Motor were worth $765,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wealthfront Advisers LLC acquired a new stake in Ford Motor in the second quarter worth $11,492,000. Public Employees Retirement System of Ohio lifted its stake in Ford Motor by 22.4% in the first quarter. Public Employees Retirement System of Ohio now owns 2,001,319 shares of the auto manufacturer’s stock valued at $23,095,000 after buying an additional 366,218 shares during the last quarter. KBC Group NV boosted its holdings in shares of Ford Motor by 223.5% during the first quarter. KBC Group NV now owns 2,229,629 shares of the auto manufacturer’s stock valued at $25,729,000 after acquiring an additional 1,540,403 shares during the period. Texas Capital Bank Wealth Management Services Inc acquired a new position in shares of Ford Motor during the second quarter valued at $1,730,000. Finally, Blue Capital Inc. acquired a new position in shares of Ford Motor during the second quarter valued at $2,425,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms have recently commented on F. Dbs Bank upgraded shares of Ford Motor from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, August 11th. DZ Bank upgraded shares of Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 price objective on the stock in a research report on Friday, July 31st. The Goldman Sachs Group reduced their target price on shares of Ford Motor from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Tuesday, October 6th. Weiss Ratings cut shares of Ford Motor from a “buy (b)” rating to a “hold (c-)” rating in a research report on Friday, October 2nd. Finally, Barclays raised their price target on shares of Ford Motor from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Seven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Ford Motor has an average rating of “Hold” and a consensus price target of $15.36.
Read Our Latest Stock Analysis on Ford Motor
Ford Motor Stock Up 1.1%
Shares of Ford Motor stock opened at $12.45 on Friday. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.09 and a quick ratio of 0.93. Ford Motor Company has a 1-year low of $11.11 and a 1-year high of $17.78. The business’s fifty day moving average price is $13.33 and its two-hundred day moving average price is $13.56. The company has a market capitalization of $49.63 billion, a P/E ratio of -6.66, a PEG ratio of 0.25 and a beta of 1.93.
Ford Motor (NYSE:F – Get Free Report) last released 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. The company had revenue of $48.30 billion during the quarter, compared to analysts’ expectations of $47.24 billion. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.37 earnings per share. As a group, research analysts forecast that Ford Motor Company will post 1.86 EPS for the current year.
Ford Motor Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $0.60 annualized dividend and a yield of 4.8%. Ford Motor’s dividend payout ratio is presently -32.09%.
Ford Motor Profile
Ford Motor Co is an American automobile manufacturer that designs, manufactures, markets and services a broad range of vehicles and mobility-related products. Its lineup includes cars, trucks, sport utility vehicles, commercial vehicles and electric vehicles sold under the Ford brand, as well as luxury vehicles marketed through its Lincoln brand.
Founded by Henry Ford in 1903 and headquartered in Dearborn, Michigan, Ford is one of the world’s oldest major automakers. The company helped popularize mass automobile production and continues to serve customers in North America, South America, Europe and other international markets through manufacturing, sales and distribution operations.
Ford organizes its operations around Ford Blue for gasoline and hybrid vehicles, Model e for electric vehicles, and Ford Pro for commercial customers and related services.
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