Greg Jennings LLC Purchases New Shares in Ford Motor Company $F

Greg Jennings LLC purchased a new position in Ford Motor Company (NYSE:F) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 71,313 shares of the auto manufacturer’s stock, valued at approximately $860,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. MV Capital Management Inc. acquired a new stake in Ford Motor in the fourth quarter valued at approximately $25,000. Ninety One UK Ltd purchased a new stake in shares of Ford Motor during the third quarter valued at approximately $25,000. Legacy Wealth Managment LLC ID lifted its position in shares of Ford Motor by 108.4% during the first 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 in the last quarter. Caldwell Trust Co lifted its position in shares of Ford Motor by 605.8% during the first quarter. Caldwell Trust Co now owns 2,534 shares of the auto manufacturer’s stock worth $29,000 after purchasing an additional 2,175 shares in the last quarter. Finally, SJS Investment Consulting Inc. lifted its position in shares of Ford Motor by 343.3% during the first quarter. SJS Investment Consulting Inc. now owns 2,633 shares of the auto manufacturer’s stock worth $30,000 after purchasing an additional 2,039 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Down 2.0%

F traded down $0.24 on Monday, reaching $12.19. The company’s stock had a trading volume of 31,335,829 shares, compared to its average volume of 56,321,414. The stock has a market cap of $48.59 billion, a price-to-earnings ratio of -6.52, a price-to-earnings-growth ratio of 0.25 and a beta of 1.93. Ford Motor Company has a 1 year low of $11.11 and a 1 year high of $17.78. 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 business’s 50 day moving average is $13.33 and its 200 day moving average is $13.57.

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

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Tuesday, August 11th. Ford Motor’s dividend payout ratio is -32.09%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Jefferies Financial Group upgraded shares of Ford Motor from a “hold” rating to a “buy” rating and upped their target price for the company from $14.50 to $17.50 in a research note on Monday, July 27th. DZ Bank raised shares of Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 price target on the stock in a research note on Friday, July 31st. Weiss Ratings downgraded shares of Ford Motor from a “buy (b)” rating to a “hold (c-)” rating in a research note on Friday, October 2nd. TD Cowen boosted their price objective on shares of Ford Motor from $13.00 to $15.00 and gave the stock a “hold” rating in a report on Wednesday, July 29th. Finally, Citigroup upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $19.00 to $20.00 in a report on Wednesday, July 29th. Seven investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.36.

Ford Motor Profile

Ford Motor Co is an American automobile manufacturer founded in 1903 by Henry Ford and headquartered in Dearborn, Michigan. The company helped popularize mass automobile production and is known for brands including Ford and Lincoln.

Ford develops, manufactures and sells cars, trucks, sport utility vehicles, commercial vehicles and electric vehicles. Its product portfolio includes the F-Series pickup trucks, Transit commercial vans, Mustang sports cars and a range of utility vehicles. The company also provides vehicle software, connected services, fleet solutions, maintenance and other support services.

Ford operates through Ford Blue, which focuses on gasoline- and hybrid-powered vehicles; Model e, which develops electric vehicles and related technologies; and Ford Pro, which serves commercial and fleet customers.