Ballentine Partners LLC Grows Stock Position in Ford Motor Company $F

Ballentine Partners LLC raised its holdings in Ford Motor Company (NYSE:F) by 14.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 32,709 shares of the auto manufacturer’s stock after buying an additional 4,242 shares during the quarter. Ballentine Partners LLC’s holdings in Ford Motor were worth $355,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Grove Bank & Trust raised its stake in shares of Ford Motor by 289.1% in the first quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer’s stock worth $25,000 after purchasing an additional 1,882 shares during the last quarter. Elite Financial Inc. purchased a new position in shares of Ford Motor in the first quarter worth about $27,000. Olde Wealth Management LLC purchased a new position in shares of Ford Motor in the first quarter worth about $28,000. MorganRosel Wealth Management LLC purchased a new position in shares of Ford Motor in the first quarter worth about $30,000. Finally, WPG Advisers LLC purchased a new position in shares of Ford Motor in the first quarter worth about $33,000. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Barclays lifted their price target on Ford Motor from $9.00 to $11.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 16th. Jefferies Financial Group lifted their price target on Ford Motor from $8.00 to $9.00 and gave the company an “underperform” rating in a research report on Monday, August 11th. UBS Group lifted their price target on Ford Motor from $9.00 to $11.00 and gave the company a “neutral” rating in a research report on Monday, July 14th. Royal Bank Of Canada lifted their price target on Ford Motor from $10.00 to $11.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 5th. Finally, Dbs Bank cut Ford Motor from a “hold” rating to a “moderate sell” rating in a research report on Monday, August 4th. Two analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $10.43.

Ford Motor Stock Performance

NYSE F opened at $12.02 on Monday. The stock’s fifty day moving average is $11.49 and its two-hundred day moving average is $10.75. The firm has a market capitalization of $47.84 billion, a P/E ratio of 15.41, a price-to-earnings-growth ratio of 3.45 and a beta of 1.52. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.95 and a current ratio of 1.10. Ford Motor Company has a fifty-two week low of $8.44 and a fifty-two week high of $12.32.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 EPS for the quarter, beating the consensus estimate of $0.33 by $0.04. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.The business had revenue of $50.18 billion for the quarter, compared to analyst estimates of $42.91 billion. During the same quarter in the prior year, the company posted $0.47 EPS. The company’s quarterly revenue was up 5.0% on a year-over-year basis. On average, research analysts anticipate that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 11th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.60 annualized dividend and a yield of 5.0%. Ford Motor’s dividend payout ratio is presently 76.92%.

Insider Transactions at Ford Motor

In other Ford Motor news, insider Andrew Frick sold 30,000 shares of the company’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total transaction of $330,000.00. Following the sale, the insider owned 113,939 shares in the company, valued at $1,253,329. This represents a 20.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.48% of the company’s stock.

Ford Motor Company 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.