Bright Futures Wealth Management LLC. Acquires New Shares in Ford Motor Company $F

Bright Futures Wealth Management LLC. bought a new position in shares of Ford Motor Company (NYSE:FFree Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 63,823 shares of the auto manufacturer’s stock, valued at approximately $763,000.

A number of other institutional investors have also added to or reduced their stakes in F. Vanguard Group Inc. boosted its stake in shares of Ford Motor by 1.2% during the third quarter. Vanguard Group Inc. now owns 467,617,755 shares of the auto manufacturer’s stock valued at $5,592,708,000 after purchasing an additional 5,371,758 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Ford Motor by 3.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 145,172,134 shares of the auto manufacturer’s stock worth $1,575,118,000 after buying an additional 5,118,228 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Ford Motor by 17.9% during the second quarter. Geode Capital Management LLC now owns 103,784,031 shares of the auto manufacturer’s stock worth $1,122,434,000 after buying an additional 15,748,694 shares during the period. Norges Bank bought a new stake in Ford Motor during the 2nd quarter valued at $405,328,000. Finally, Legal & General Group Plc increased its holdings in shares of Ford Motor by 3.3% in the 2nd quarter. Legal & General Group Plc now owns 34,301,362 shares of the auto manufacturer’s stock valued at $372,170,000 after acquiring an additional 1,104,139 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Zacks Research upgraded Ford Motor from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. UBS Group increased their price target on shares of Ford Motor from $12.50 to $15.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. HSBC raised their price target on shares of Ford Motor from $9.80 to $12.80 and gave the company a “hold” rating in a report on Tuesday, January 13th. Piper Sandler upgraded shares of Ford Motor from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $11.00 to $16.00 in a research note on Thursday, January 8th. Finally, TD Cowen raised their target price on shares of Ford Motor from $13.00 to $15.00 and gave the company a “hold” rating in a research note on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Ford Motor has an average rating of “Hold” and an average target price of $13.02.

Get Our Latest Stock Analysis on Ford Motor

Ford Motor News Summary

Here are the key news stories impacting Ford Motor this week:

Insider Buying and Selling

In other Ford Motor news, insider William Clay Ford, Jr. purchased 140,000 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The shares were bought at an average price of $13.82 per share, for a total transaction of $1,934,800.00. Following the acquisition, the insider owned 3,912,600 shares in the company, valued at $54,072,132. This represents a 3.71% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.48% of the stock is currently owned by corporate insiders.

Ford Motor Trading Down 2.4%

Shares of Ford Motor stock opened at $14.07 on Monday. The firm’s 50 day simple moving average is $13.75 and its two-hundred day simple moving average is $12.88. The firm has a market capitalization of $56.12 billion, a price-to-earnings ratio of -6.83, a PEG ratio of 0.34 and a beta of 1.65. Ford Motor Company has a 12-month low of $8.44 and a 12-month high of $14.80. The company has a current ratio of 1.07, a quick ratio of 0.94 and a debt-to-equity ratio of 2.95.

Ford Motor (NYSE:FGet Free Report) last issued its earnings results on Wednesday, February 11th. The auto manufacturer reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.07. The company had revenue of $45.89 billion during the quarter, compared to analyst estimates of $41.78 billion. Ford Motor had a positive return on equity of 10.16% and a negative net margin of 4.37%.The firm’s quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter last year, the business posted $0.39 EPS. Analysts predict that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 13th will be given a $0.15 dividend. The ex-dividend date is Friday, February 13th. This represents a $0.60 dividend on an annualized basis and a yield of 4.3%. Ford Motor’s dividend payout ratio is currently -29.13%.

About Ford Motor

(Free Report)

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.

See Also

Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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