Simplicity Wealth LLC Buys New Shares in Ford Motor Company $F

Simplicity Wealth LLC bought a new position in shares of Ford Motor Company (NYSE:F) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 41,805 shares of the auto manufacturer’s stock, valued at approximately $581,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caxton Associates LLP acquired a new position in Ford Motor during the first quarter worth approximately $304,000. Empowered Funds LLC boosted its holdings in shares of Ford Motor by 41.6% in the 1st quarter. Empowered Funds LLC now owns 147,760 shares of the auto manufacturer’s stock valued at $1,482,000 after purchasing an additional 43,385 shares during the last quarter. Jump Financial LLC acquired a new position in shares of Ford Motor in the 2nd quarter valued at $172,000. NewEdge Advisors LLC grew its stake in shares of Ford Motor by 26.3% during the 2nd quarter. NewEdge Advisors LLC now owns 267,895 shares of the auto manufacturer’s stock valued at $2,907,000 after buying an additional 55,741 shares during the period. Finally, Treasurer of the State of North Carolina grew its stake in shares of Ford Motor by 1.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 1,823,614 shares of the auto manufacturer’s stock valued at $19,786,000 after buying an additional 26,526 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on F shares. Jefferies Financial Group raised Ford Motor from a “hold” rating to a “buy” rating and increased their target price for the stock from $14.50 to $17.50 in a research report on Monday, July 27th. Citigroup upgraded Ford Motor from a “neutral” rating to a “buy” rating and upped their price target for the stock from $19.00 to $20.00 in a research note on Wednesday, July 29th. Bank of America raised their price objective on Ford Motor from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ford Motor in a research note on Wednesday, June 24th. Finally, Piper Sandler boosted their target price on Ford Motor from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Eight research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $15.68.

Ford Motor Trading Down 2.1%

Shares of F opened at $14.07 on Tuesday. Ford Motor Company has a 12 month low of $11.11 and a 12 month high of $17.78. The stock’s 50-day moving average is $14.16 and its two-hundred day moving average is $13.50. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.09 and a quick ratio of 0.93. The stock has a market cap of $56.11 billion, a PE ratio of -7.52, a P/E/G ratio of 0.30 and a beta of 1.82.

Ford Motor (NYSE:F) last announced its earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS for the quarter, beating the consensus estimate of $0.33 by $0.09. The business had revenue of $48.30 billion for the quarter, compared to the consensus estimate of $47.24 billion. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.The company’s revenue was down 3.8% on a year-over-year basis. During the same period last year, the business posted $0.37 EPS. Equities analysts forecast that Ford Motor Company will post 1.86 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.3%. Ford Motor’s dividend payout ratio (DPR) is currently -32.09%.

Ford Motor Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.