HBK Sorce Advisory LLC Invests $521,000 in Ford Motor Company $F

HBK Sorce Advisory LLC acquired a new stake in Ford Motor Company (NYSE:F) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 36,871 shares of the auto manufacturer’s stock, valued at approximately $521,000.

Several other large investors have also recently made changes to their positions in F. Norges Bank bought a new position in shares of Ford Motor during the 4th quarter valued at about $674,437,000. SBI Okasan Asset Management Co.Ltd. bought a new stake in Ford Motor in the 4th quarter worth approximately $1,769,000. TD Asset Management Inc boosted its stake in Ford Motor by 11.0% in the fourth quarter. TD Asset Management Inc now owns 1,908,234 shares of the auto manufacturer’s stock worth $25,036,000 after buying an additional 189,310 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in Ford Motor by 22.4% in the first quarter. Public Employees Retirement System of Ohio now owns 2,001,319 shares of the auto manufacturer’s stock worth $23,095,000 after buying an additional 366,218 shares in the last quarter. Finally, KBC Group NV grew its position in Ford Motor by 223.5% during the first quarter. KBC Group NV now owns 2,229,629 shares of the auto manufacturer’s stock valued at $25,729,000 after acquiring an additional 1,540,403 shares during the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Price Performance

Shares of Ford Motor stock opened at $14.07 on Tuesday. The business has a 50 day moving average of $14.16 and a 200 day moving average of $13.50. Ford Motor Company has a 52 week low of $11.11 and a 52 week high of $17.78. The company 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. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07.

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

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders 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 yield of 4.3%. Ford Motor’s payout ratio is presently -32.09%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on F. JPMorgan Chase & Co. boosted their price objective on shares of Ford Motor from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. DZ Bank upgraded shares of Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 target price on the stock in a research report on Friday, July 31st. Jefferies Financial Group upgraded shares of Ford Motor from a “hold” rating to a “buy” rating and lifted their target price for the stock from $14.50 to $17.50 in a research report on Monday, July 27th. BNP Paribas Exane boosted their price target on shares of Ford Motor from $14.00 to $14.50 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Finally, Wall Street Zen lowered shares of Ford Motor from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Ford Motor currently has a consensus rating of “Hold” and an average price target of $15.68.

Ford Motor Company 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.