Simplicity Wealth LLC Increases Stake in Ford Motor (NYSE:F)

Simplicity Wealth LLC increased its holdings in Ford Motor (NYSE:F) by 59.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,622 shares of the auto manufacturer’s stock after purchasing an additional 11,409 shares during the quarter. Simplicity Wealth LLC’s holdings in Ford Motor were worth $307,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Proficio Capital Partners LLC raised its position in shares of Ford Motor by 10.1% during the fourth quarter. Proficio Capital Partners LLC now owns 12,118 shares of the auto manufacturer’s stock valued at $120,000 after buying an additional 1,112 shares during the last quarter. Pitcairn Co. grew its stake in Ford Motor by 2.2% during the fourth quarter. Pitcairn Co. now owns 53,324 shares of the auto manufacturer’s stock valued at $528,000 after acquiring an additional 1,135 shares in the last quarter. Bridgewealth Advisory Group LLC increased its holdings in Ford Motor by 7.9% in the 4th quarter. Bridgewealth Advisory Group LLC now owns 17,019 shares of the auto manufacturer’s stock valued at $159,000 after acquiring an additional 1,243 shares during the last quarter. Woodmont Investment Counsel LLC increased its holdings in Ford Motor by 5.5% in the 4th quarter. Woodmont Investment Counsel LLC now owns 23,905 shares of the auto manufacturer’s stock valued at $237,000 after acquiring an additional 1,250 shares during the last quarter. Finally, Evergreen Wealth Solutions LLC lifted its stake in Ford Motor by 3.4% in the 4th quarter. Evergreen Wealth Solutions LLC now owns 40,543 shares of the auto manufacturer’s stock worth $401,000 after purchasing an additional 1,325 shares in the last quarter. 58.74% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on F. Citigroup raised their price objective on Ford Motor from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. TD Cowen started coverage on Ford Motor in a research note on Friday, March 7th. They issued a “hold” rating and a $10.00 price objective on the stock. Sanford C. Bernstein downgraded Ford Motor from a “market perform” rating to an “underperform” rating and lowered their target price for the company from $9.40 to $7.00 in a research report on Wednesday, April 9th. The Goldman Sachs Group boosted their price target on shares of Ford Motor from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 6th. Finally, Wolfe Research raised shares of Ford Motor from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, April 30th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $10.03.

Ford Motor Stock Down 1.1%

Shares of NYSE:F opened at $10.54 on Friday. The firm has a market capitalization of $41.91 billion, a PE ratio of 7.22, a price-to-earnings-growth ratio of 0.61 and a beta of 1.50. The business has a 50 day simple moving average of $10.08 and a two-hundred day simple moving average of $9.98. Ford Motor has a 1 year low of $8.44 and a 1 year high of $14.85. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.16. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. The company had revenue of $40.66 billion during the quarter, compared to analysts’ expectations of $35.99 billion. During the same quarter in the previous year, the business earned $0.49 EPS. Ford Motor’s revenue was down 6.2% compared to the same quarter last year. On average, equities analysts predict that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 12th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.69%. The ex-dividend date was Monday, May 12th. Ford Motor’s dividend payout ratio is presently 48.00%.

Ford Motor Profile

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.