Farther Finance Advisors LLC Increases Stake in Ford Motor (NYSE:F)

Farther Finance Advisors LLC grew its stake in shares of Ford Motor (NYSE:F) by 99.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,875 shares of the auto manufacturer’s stock after buying an additional 33,764 shares during the period. Farther Finance Advisors LLC’s holdings in Ford Motor were worth $675,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in F. Proficio Capital Partners LLC raised its stake in Ford Motor by 10.1% during the 4th quarter. Proficio Capital Partners LLC now owns 12,118 shares of the auto manufacturer’s stock worth $120,000 after acquiring an additional 1,112 shares in the last quarter. Pitcairn Co. lifted its position in Ford Motor by 2.2% in the fourth quarter. Pitcairn Co. now owns 53,324 shares of the auto manufacturer’s stock valued at $528,000 after purchasing an additional 1,135 shares during the period. Bridgewealth Advisory Group LLC boosted its stake in shares of Ford Motor by 7.9% in the fourth quarter. Bridgewealth Advisory Group LLC now owns 17,019 shares of the auto manufacturer’s stock valued at $159,000 after buying an additional 1,243 shares in the last quarter. Woodmont Investment Counsel LLC grew its stake in shares of Ford Motor by 5.5% during the 4th quarter. Woodmont Investment Counsel LLC now owns 23,905 shares of the auto manufacturer’s stock worth $237,000 after purchasing an additional 1,250 shares during the period. Finally, Evergreen Wealth Solutions LLC grew its holdings in shares of Ford Motor by 3.4% in the 4th quarter. Evergreen Wealth Solutions LLC now owns 40,543 shares of the auto manufacturer’s stock worth $401,000 after acquiring an additional 1,325 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on F shares. Citigroup raised their target price on shares of Ford Motor from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. increased their price target on shares of Ford Motor from $11.00 to $12.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Wolfe Research upgraded Ford Motor from an “underperform” rating to a “peer perform” rating in a report on Wednesday, April 30th. Wall Street Zen upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Sanford C. Bernstein cut Ford Motor from a “market perform” rating to an “underperform” rating and decreased their price target for the stock from $9.40 to $7.00 in a report on Wednesday, April 9th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $10.03.

Ford Motor Trading Down 0.9%

Ford Motor stock opened at $10.44 on Friday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. The firm’s 50-day moving average is $10.12 and its 200-day moving average is $9.97. Ford Motor has a 1 year low of $8.44 and a 1 year high of $14.85. The company has a market cap of $41.50 billion, a P/E ratio of 7.15, a PEG ratio of 0.61 and a beta of 1.50.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.16. The company had revenue of $40.66 billion during the quarter, compared to the consensus estimate of $35.99 billion. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 earnings per share. On average, equities analysts expect that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 12th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.75%. The ex-dividend date of this dividend was Monday, May 12th. Ford Motor’s dividend payout ratio (DPR) is 48.00%.

Ford Motor Profile

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.