Kingsview Wealth Management LLC Has $1.92 Million Stock Position in Ford Motor Company $F

Kingsview Wealth Management LLC lowered its holdings in shares of Ford Motor Company (NYSE:F) by 24.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 137,955 shares of the auto manufacturer’s stock after selling 45,390 shares during the period. Kingsview Wealth Management LLC’s holdings in Ford Motor were worth $1,918,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. MV Capital Management Inc. bought a new stake in shares of Ford Motor in the fourth quarter worth $25,000. McMillan Office Inc. bought a new position in Ford Motor during the 4th quarter worth $26,000. Legacy Wealth Managment LLC ID raised its position in Ford Motor by 108.4% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 1,230 shares during the last quarter. Johnson Financial Group Inc. lifted its holdings in Ford Motor by 55.4% during the 3rd quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock worth $28,000 after buying an additional 837 shares during the period. Finally, Caldwell Trust Co lifted its holdings in Ford Motor by 605.8% during the 1st quarter. Caldwell Trust Co now owns 2,534 shares of the auto manufacturer’s stock worth $29,000 after buying an additional 2,175 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Ford Motor in a research note on Wednesday, June 24th. Royal Bank Of Canada raised their price objective on Ford Motor from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 29th. TD Cowen lifted their price objective on Ford Motor from $13.00 to $15.00 and gave the stock a “hold” rating in a research note on Wednesday, July 29th. Piper Sandler upped their target price on Ford Motor from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Finally, Jefferies Financial Group raised shares of Ford Motor from a “hold” rating to a “buy” rating and increased their target price for the company from $14.50 to $17.50 in a research report on Monday, July 27th. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $15.68.

Ford Motor Stock Performance

Shares of Ford Motor stock opened at $13.89 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 3.07. The business has a 50-day moving average price of $14.09 and a two-hundred day moving average price of $13.52. Ford Motor Company has a 1-year low of $11.11 and a 1-year high of $17.78. The company has a market cap of $55.39 billion, a P/E ratio of -7.43, a PEG ratio of 0.29 and a beta of 1.82.

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

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Tuesday, August 11th. Ford Motor’s payout ratio is presently -32.09%.

About Ford Motor

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.