Hedges Asset Management LLC Has $1.02 Million Holdings in Ford Motor Company $F

Hedges Asset Management LLC decreased its position in shares of Ford Motor Company (NYSE:F) by 17.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 93,700 shares of the auto manufacturer’s stock after selling 20,000 shares during the quarter. Hedges Asset Management LLC’s holdings in Ford Motor were worth $1,017,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Grove Bank & Trust lifted its position in Ford Motor by 289.1% during the first quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer’s stock worth $25,000 after purchasing an additional 1,882 shares during the period. Elite Financial Inc. bought a new stake in Ford Motor during the first quarter worth about $27,000. Olde Wealth Management LLC bought a new stake in Ford Motor during the first quarter worth about $28,000. MorganRosel Wealth Management LLC bought a new stake in Ford Motor during the first quarter worth about $30,000. Finally, Spurstone Advisory Services LLC bought a new stake in Ford Motor during the fourth quarter worth about $31,000. Institutional investors own 58.74% of the company’s stock.

Insider Activity

In other news, insider Andrew Frick sold 30,000 shares of the firm’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 of the company’s stock, valued at $1,253,329. This trade represents a 20.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.48% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on F. Dbs Bank cut shares of Ford Motor from a “hold” rating to a “moderate sell” rating in a report on Monday, August 4th. Jefferies Financial Group increased their target price on shares of Ford Motor from $8.00 to $9.00 and gave the stock an “underperform” rating in a report on Monday, August 11th. Wall Street Zen raised shares of Ford Motor from a “sell” rating to a “hold” rating in a report on Sunday, July 20th. Piper Sandler increased their target price on shares of Ford Motor from $9.00 to $9.50 and gave the stock a “neutral” rating in a report on Thursday, July 31st. Finally, Royal Bank Of Canada increased their target price on shares of Ford Motor from $10.00 to $11.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 5th. Two investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Ford Motor currently has a consensus rating of “Reduce” and an average target price of $10.53.

Ford Motor Stock Performance

Shares of F stock opened at $11.68 on Friday. The company has a market cap of $46.48 billion, a price-to-earnings ratio of 14.97, a price-to-earnings-growth ratio of 3.38 and a beta of 1.52. Ford Motor Company has a 52 week low of $8.44 and a 52 week high of $11.99. The company has a quick ratio of 0.95, a current ratio of 1.10 and a debt-to-equity ratio of 2.24. The firm has a 50 day moving average of $11.47 and a 200-day moving average of $10.59.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, July 30th. The auto manufacturer reported $0.37 EPS for the quarter, topping the consensus estimate of $0.33 by $0.04. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The company had revenue of $50.18 billion during the quarter, compared to the consensus estimate of $42.91 billion. During the same quarter last year, the firm posted $0.47 EPS. The company’s quarterly revenue was up 5.0% on a year-over-year basis. On average, equities analysts forecast that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 5.1%. Ford Motor’s dividend payout ratio (DPR) is currently 76.92%.

About Ford Motor

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.