WBI Investments LLC Has $2.79 Million Stake in Ford Motor Company $F

WBI Investments LLC reduced its position in Ford Motor Company (NYSE:F) by 54.6% during the second quarter, HoldingsChannel reports. The firm owned 257,214 shares of the auto manufacturer’s stock after selling 309,532 shares during the period. Ford Motor comprises approximately 0.7% of WBI Investments LLC’s portfolio, making the stock its 22nd largest holding. WBI Investments LLC’s holdings in Ford Motor were worth $2,791,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Advisors Capital Management LLC lifted its holdings in Ford Motor by 7.1% in the second quarter. Advisors Capital Management LLC now owns 13,428 shares of the auto manufacturer’s stock valued at $146,000 after buying an additional 885 shares during the period. Parcion Private Wealth LLC raised its position in shares of Ford Motor by 7.9% in the 2nd quarter. Parcion Private Wealth LLC now owns 12,557 shares of the auto manufacturer’s stock worth $136,000 after acquiring an additional 919 shares in the last quarter. Wedmont Private Capital lifted its stake in shares of 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. Convergence Investment Partners LLC boosted its position in shares of Ford Motor by 7.4% during the 2nd quarter. Convergence Investment Partners LLC now owns 13,707 shares of the auto manufacturer’s stock valued at $149,000 after purchasing an additional 941 shares in the last quarter. Finally, Hemington Wealth Management boosted its position in shares of Ford Motor by 30.9% during the 2nd quarter. Hemington Wealth Management now owns 4,016 shares of the auto manufacturer’s stock valued at $43,000 after purchasing an additional 947 shares in the last quarter. Institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Performance

Shares of Ford Motor stock opened at $12.91 on Tuesday. Ford Motor Company has a 52 week low of $8.44 and a 52 week high of $13.97. The company has a quick ratio of 0.98, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. The business has a 50 day moving average price of $12.32 and a 200-day moving average price of $11.47. The company has a market cap of $51.42 billion, a PE ratio of 11.13, a price-to-earnings-growth ratio of 4.03 and a beta of 1.60.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. The firm had revenue of $50.53 billion for the quarter, compared to the consensus estimate of $43.08 billion. Ford Motor had a net margin of 2.48% and a return on equity of 11.94%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.49 EPS. Equities analysts anticipate that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 7th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Friday, November 7th. Ford Motor’s payout ratio is presently 51.72%.

Wall Street Analyst Weigh In

F has been the topic of several recent analyst reports. Dbs Bank lowered Ford Motor from a “hold” rating to a “moderate sell” rating in a research note on Monday, August 4th. Royal Bank Of Canada lifted their price objective on shares of Ford Motor from $11.00 to $12.00 and gave the company a “sector perform” rating in a research note on Friday, October 24th. The Goldman Sachs Group increased their target price on shares of Ford Motor from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, September 29th. JPMorgan Chase & Co. lifted their price target on shares of Ford Motor from $13.00 to $14.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Finally, Piper Sandler upped their price objective on shares of Ford Motor from $9.50 to $11.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $11.73.

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.