Assetmark Inc. Purchases 21,456 Shares of Ford Motor Company $F

Assetmark Inc. lifted its holdings in Ford Motor Company (NYSE:F) by 201.1% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 32,124 shares of the auto manufacturer’s stock after acquiring an additional 21,456 shares during the quarter. Assetmark Inc.’s holdings in Ford Motor were worth $349,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in F. Keybank National Association OH boosted its stake in shares of Ford Motor by 3.5% during the 2nd quarter. Keybank National Association OH now owns 129,971 shares of the auto manufacturer’s stock valued at $1,410,000 after purchasing an additional 4,408 shares in the last quarter. HBK Sorce Advisory LLC raised its stake in shares of Ford Motor by 3.4% in the second quarter. HBK Sorce Advisory LLC now owns 35,608 shares of the auto manufacturer’s stock worth $386,000 after purchasing an additional 1,187 shares during the last quarter. Premier Path Wealth Partners LLC boosted its holdings in shares of Ford Motor by 18.2% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 28,704 shares of the auto manufacturer’s stock valued at $311,000 after acquiring an additional 4,414 shares during the last quarter. Buck Wealth Strategies LLC purchased a new stake in Ford Motor during the 2nd quarter valued at $199,000. Finally, World Investment Advisors boosted its position in Ford Motor by 13.1% in the second quarter. World Investment Advisors now owns 44,872 shares of the auto manufacturer’s stock worth $487,000 after purchasing an additional 5,194 shares during the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Citigroup boosted their price target on Ford Motor from $11.00 to $13.50 and gave the company a “neutral” rating in a report on Monday, October 27th. Piper Sandler upped their price objective on Ford Motor from $9.50 to $11.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Wall Street Zen upgraded Ford Motor from a “sell” rating to a “hold” rating in a report on Sunday, July 20th. Jefferies Financial Group raised shares of Ford Motor from an “underperform” rating to a “hold” rating and raised their target price for the stock from $9.00 to $12.00 in a research report on Monday, October 6th. Finally, Wells Fargo & Company upped their price target on shares of Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Friday, October 24th. Two investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Ford Motor presently has an average rating of “Hold” and a consensus target price of $11.73.

Ford Motor Trading Up 0.7%

Shares of NYSE:F opened at $13.21 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. The business has a 50-day moving average price of $12.14 and a 200-day moving average price of $11.32. Ford Motor Company has a 52-week low of $8.44 and a 52-week high of $13.97. The stock has a market cap of $52.65 billion, a price-to-earnings ratio of 11.39, a PEG ratio of 4.03 and a beta of 1.60.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 EPS for the quarter, beating the consensus estimate of $0.38 by $0.07. The company had revenue of $50.53 billion for the quarter, compared to analyst estimates of $43.08 billion. Ford Motor had a net margin of 2.48% and a return on equity of 11.94%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.49 earnings per share. Equities analysts predict that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 7th will be given a $0.15 dividend. The ex-dividend date is Friday, November 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.5%. Ford Motor’s payout ratio is 51.72%.

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.