QRG Capital Management Inc. Increases Position in Ford Motor Company $F

QRG Capital Management Inc. increased its holdings in Ford Motor Company (NYSE:F) by 0.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 300,465 shares of the auto manufacturer’s stock after acquiring an additional 2,774 shares during the period. QRG Capital Management Inc.’s holdings in Ford Motor were worth $3,260,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Wedmont Private Capital grew its stake in Ford Motor by 3.0% in the 2nd quarter. Wedmont Private Capital now owns 31,593 shares of the auto manufacturer’s stock valued at $374,000 after purchasing an additional 934 shares during the period. Meriwether Wealth & Planning LLC boosted its holdings in shares of Ford Motor by 6.9% in the 2nd quarter. Meriwether Wealth & Planning LLC now owns 15,186 shares of the auto manufacturer’s stock worth $165,000 after buying an additional 985 shares during the last quarter. Atlas Capital Advisors Inc. grew its position in Ford Motor by 21.2% during the first quarter. Atlas Capital Advisors Inc. now owns 5,665 shares of the auto manufacturer’s stock valued at $57,000 after buying an additional 989 shares during the period. City Holding Co. increased its holdings in Ford Motor by 47.8% during the second quarter. City Holding Co. now owns 3,090 shares of the auto manufacturer’s stock worth $34,000 after buying an additional 1,000 shares during the last quarter. Finally, Childress Capital Advisors LLC raised its position in Ford Motor by 6.2% in the second quarter. Childress Capital Advisors LLC now owns 17,321 shares of the auto manufacturer’s stock worth $188,000 after acquiring an additional 1,006 shares during the period. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Trading Up 0.5%

Shares of F opened at $12.73 on Tuesday. Ford Motor Company has a twelve month low of $8.44 and a twelve month high of $12.80. The stock has a market cap of $50.66 billion, a PE ratio of 16.32, a P/E/G ratio of 3.64 and a beta of 1.53. 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 business’s 50-day moving average price is $11.61 and its 200-day moving average price is $10.85.

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

Ford Motor Announces Dividend

The company also recently declared 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date was Monday, August 11th. Ford Motor’s payout ratio is 76.92%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on F shares. Wells Fargo & Company increased their target price on shares of Ford Motor from $8.00 to $10.00 and gave the company an “underweight” rating in a research report on Friday. UBS Group increased their price objective on Ford Motor from $11.00 to $12.50 and gave the company a “neutral” rating in a report on Monday. Barclays boosted their target price on Ford Motor from $9.00 to $11.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 16th. Royal Bank Of Canada increased their price target on Ford Motor from $10.00 to $11.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 5th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Ford Motor in a report on Saturday, September 27th. Two analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $11.04.

Ford Motor Company 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.