V Square Quantitative Management LLC grew its holdings in Ford Motor Company (NYSE:F – Free Report) by 13.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,898 shares of the auto manufacturer’s stock after acquiring an additional 4,876 shares during the period. V Square Quantitative Management LLC’s holdings in Ford Motor were worth $433,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also made changes to their positions in F. Grove Bank & Trust lifted its position in shares of 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 acquiring an additional 1,882 shares in the last quarter. Elite Financial Inc. purchased a new position in shares of Ford Motor in the first quarter valued at about $27,000. Olde Wealth Management LLC purchased a new position in shares of Ford Motor in the first quarter valued at about $28,000. MorganRosel Wealth Management LLC purchased a new position in shares of Ford Motor in the first quarter valued at about $30,000. Finally, WPG Advisers LLC bought a new stake in shares of Ford Motor in the first quarter worth about $33,000. 58.74% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on F shares. Jefferies Financial Group lifted their target price on Ford Motor from $8.00 to $9.00 and gave the stock an “underperform” rating in a report on Monday, August 11th. Barclays lifted their target price on Ford Motor from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 16th. Wall Street Zen raised Ford Motor from a “sell” rating to a “hold” rating in a report on Sunday, July 20th. The Goldman Sachs Group lifted their target price on Ford Motor from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Piper Sandler boosted their price objective on Ford Motor from $9.00 to $9.50 and gave the stock a “neutral” rating in a research note on Thursday, July 31st. Two equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $10.57.
Ford Motor Trading Down 1.1%
Shares of NYSE F opened at $11.96 on Wednesday. The business’s 50 day moving average is $11.52 and its two-hundred day moving average is $10.77. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.10 and a quick ratio of 0.95. Ford Motor Company has a 1-year low of $8.44 and a 1-year high of $12.31. The stock has a market capitalization of $47.60 billion, a P/E ratio of 15.33, a PEG ratio of 3.48 and a beta of 1.52.
Ford Motor (NYSE:F – Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.04. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.The company had revenue of $50.18 billion for the quarter, compared to analysts’ expectations of $42.91 billion. During the same period in the previous year, the firm posted $0.47 earnings per share. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, research analysts expect that Ford Motor Company will post 1.47 EPS 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 paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.0%. Ford Motor’s dividend payout ratio is currently 76.92%.
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.
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