Maridea Wealth Management LLC Increases Stake in Ford Motor Company (NYSE:F)

Maridea Wealth Management LLC raised its stake in shares of Ford Motor Company (NYSE:F) by 280.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,687 shares of the auto manufacturer’s stock after buying an additional 39,567 shares during the quarter. Maridea Wealth Management LLC’s holdings in Ford Motor were worth $538,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of F. Grove Bank & Trust lifted its position in Ford Motor by 289.1% in the first quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer’s stock valued at $25,000 after purchasing an additional 1,882 shares during the last quarter. Elite Financial Inc. purchased a new stake in shares of Ford Motor in the first quarter worth $27,000. Olde Wealth Management LLC purchased a new stake in shares of Ford Motor in the first quarter worth $28,000. MorganRosel Wealth Management LLC bought a new stake in Ford Motor in the 1st quarter worth about $30,000. Finally, Spurstone Advisory Services LLC purchased a new position in Ford Motor in the fourth quarter worth about $31,000. Institutional investors own 58.74% of the company’s stock.

Insider Activity at Ford Motor

In other news, insider Andrew Frick sold 30,000 shares of the company’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total transaction of $330,000.00. Following the completion of the sale, the insider directly owned 113,939 shares in the company, valued at $1,253,329. This represents a 20.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.48% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. UBS Group lifted their target price on Ford Motor from $9.00 to $11.00 and gave the company a “neutral” rating in a research note on Monday, July 14th. Barclays boosted their price target on Ford Motor from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 16th. Piper Sandler upped their target price on Ford Motor from $8.50 to $9.00 and gave the company a “neutral” rating in a research report on Thursday, May 22nd. Citigroup boosted their price target on Ford Motor from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, May 7th. Finally, Wall Street Zen upgraded Ford Motor from a “sell” rating to a “hold” rating in a research note on Sunday, July 20th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $10.37.

Ford Motor Price Performance

Shares of NYSE:F opened at $11.47 on Monday. The business’s 50 day simple moving average is $10.87 and its 200-day simple moving average is $10.18. The firm has a market capitalization of $45.59 billion, a price-to-earnings ratio of 9.17, a price-to-earnings-growth ratio of 3.37 and a beta of 1.49. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.13 and a quick ratio of 0.97. Ford Motor Company has a 12 month low of $8.44 and a 12 month high of $11.97.

Ford Motor (NYSE:F) last posted its earnings results 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 13.49% and a net margin of 2.74%. The firm had revenue of $40.66 billion for the quarter, compared to analyst estimates of $35.99 billion. During the same quarter in the prior year, the company earned $0.49 EPS. Ford Motor’s revenue was down 6.2% on a year-over-year basis. As a group, equities analysts forecast that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

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.