39,291 Shares in Ford Motor Company $F Purchased by Foster & Motley Inc.

Foster & Motley Inc. acquired a new position in Ford Motor Company (NYSE:F) in the 2nd quarter, HoldingsChannel reports. The fund acquired 39,291 shares of the auto manufacturer’s stock, valued at approximately $546,000.

Several other large investors have also modified their holdings of the business. Maripau Wealth Management LLC grew its stake in shares of Ford Motor by 1.6% during the first quarter. Maripau Wealth Management LLC now owns 46,606 shares of the auto manufacturer’s stock valued at $538,000 after buying an additional 749 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Ford Motor by 7.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 10,999 shares of the auto manufacturer’s stock worth $144,000 after acquiring an additional 756 shares during the last quarter. Robertson Stephens Wealth Management LLC boosted its holdings in Ford Motor by 1.8% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 42,683 shares of the auto manufacturer’s stock valued at $560,000 after acquiring an additional 761 shares during the period. Southern Financial Group LLC boosted its holdings in Ford Motor by 2.3% during the 1st quarter. Southern Financial Group LLC now owns 34,714 shares of the auto manufacturer’s stock valued at $401,000 after acquiring an additional 776 shares during the period. Finally, Activest Wealth Management grew its position in Ford Motor by 35.3% in the 4th quarter. Activest Wealth Management now owns 3,041 shares of the auto manufacturer’s stock valued at $40,000 after acquiring an additional 794 shares during the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Wall Street Analyst Weigh In

F has been the topic of a number of recent analyst reports. TD Cowen increased their target price on Ford Motor from $13.00 to $15.00 and gave the stock a “hold” rating in a research note on Wednesday, July 29th. Morgan Stanley reissued an “equal weight” rating and set a $14.00 target price on shares of Ford Motor in a research note on Wednesday, May 13th. Piper Sandler upped their price target 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. Zacks Research downgraded shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Finally, Jefferies Financial Group upgraded shares of Ford Motor from a “hold” rating to a “buy” rating and lifted their price objective for the company from $14.50 to $17.50 in a report on Monday, July 27th. Eight research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Ford Motor has a consensus rating of “Hold” and a consensus target price of $15.68.

Ford Motor Stock Down 3.7%

Shares of NYSE F opened at $13.97 on Friday. Ford Motor Company has a 12-month low of $11.11 and a 12-month high of $17.78. The stock’s fifty day simple moving average is $14.13 and its two-hundred day simple moving average is $13.50. The stock has a market capitalization of $55.71 billion, a PE ratio of -7.47, a price-to-earnings-growth ratio of 0.30 and a beta of 1.82. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 3.07.

Ford Motor (NYSE:F) last released its quarterly earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS 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 revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.37 EPS. As a group, analysts expect that Ford Motor Company will post 1.86 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company 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. 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 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.