Ford Motor Company $F Stake Increased by Allworth Financial LP

Allworth Financial LP boosted its stake in Ford Motor Company (NYSE:F) by 81.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 513,521 shares of the auto manufacturer’s stock after acquiring an additional 231,267 shares during the period. Allworth Financial LP’s holdings in Ford Motor were worth $5,572,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in F. Cerity Partners LLC grew its stake in Ford Motor by 20.7% in the first quarter. Cerity Partners LLC now owns 1,187,494 shares of the auto manufacturer’s stock worth $11,911,000 after purchasing an additional 203,449 shares in the last quarter. Ballentine Partners LLC lifted its holdings in Ford Motor by 24.6% during the 1st quarter. Ballentine Partners LLC now owns 28,467 shares of the auto manufacturer’s stock worth $286,000 after buying an additional 5,629 shares during the last quarter. Schechter Investment Advisors LLC acquired a new position in shares of Ford Motor in the 1st quarter worth approximately $114,000. LRI Investments LLC grew its position in shares of Ford Motor by 316.2% in the 1st quarter. LRI Investments LLC now owns 4,245 shares of the auto manufacturer’s stock worth $43,000 after acquiring an additional 3,225 shares in the last quarter. Finally, Bleakley Financial Group LLC increased its holdings in shares of Ford Motor by 33.8% in the 1st quarter. Bleakley Financial Group LLC now owns 64,275 shares of the auto manufacturer’s stock valued at $645,000 after acquiring an additional 16,232 shares during the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Price Performance

NYSE F opened at $13.32 on Wednesday. Ford Motor Company has a 1 year low of $8.44 and a 1 year high of $13.97. The business’s fifty day moving average is $12.20 and its two-hundred day moving average is $11.39. The stock has a market capitalization of $53.05 billion, a P/E ratio of 11.48, a P/E/G ratio of 4.03 and a beta of 1.60. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.98 and a current ratio of 1.12.

Ford Motor (NYSE:F) last released its quarterly earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. The business 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 earnings per share. On average, research analysts forecast that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on F. Jefferies Financial Group upgraded Ford Motor from an “underperform” rating to a “hold” rating and raised their price objective for the stock from $9.00 to $12.00 in a research note on Monday, October 6th. Piper Sandler increased their target price on shares of Ford Motor from $9.50 to $11.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Barclays raised their price target on shares of Ford Motor from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Monday, October 27th. JPMorgan Chase & Co. boosted their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Finally, The Goldman Sachs Group increased their price objective on shares of Ford Motor from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, September 29th. Two equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $11.73.

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.