76,210 Shares in Ford Motor Company $F Bought by SFE Investment Counsel

by · The Markets Daily

SFE Investment Counsel acquired a new position in shares of Ford Motor Company (NYSE:F – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 76,210 shares of the auto manufacturer’s stock, valued at approximately $1,059,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Caxton Associates LLP purchased a new position in Ford Motor in the 1st quarter valued at about $304,000. Empowered Funds LLC increased its stake in Ford Motor by 41.6% during the 1st quarter. Empowered Funds LLC now owns 147,760 shares of the auto manufacturer’s stock worth $1,482,000 after buying an additional 43,385 shares in the last quarter. Jump Financial LLC acquired a new position in shares of Ford Motor during the second quarter valued at approximately $172,000. NewEdge Advisors LLC raised its holdings in shares of Ford Motor by 26.3% during the second quarter. NewEdge Advisors LLC now owns 267,895 shares of the auto manufacturer’s stock valued at $2,907,000 after acquiring an additional 55,741 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its position in shares of Ford Motor by 1.5% in the second quarter. Treasurer of the State of North Carolina now owns 1,823,614 shares of the auto manufacturer’s stock valued at $19,786,000 after acquiring an additional 26,526 shares in the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Price Performance

F stock opened at $14.36 on Friday. Ford Motor Company has a 1 year low of $11.11 and a 1 year high of $17.78. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.09 and a quick ratio of 0.93. The firm has a market capitalization of $57.26 billion, a PE ratio of -7.68, a price-to-earnings-growth ratio of 0.30 and a beta of 1.82. The business has a 50 day simple moving average of $14.18 and a 200-day simple moving average of $13.50.

Ford Motor (NYSE:F – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. The firm had revenue of $48.30 billion for the quarter, compared to the consensus estimate of $47.24 billion. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.The firm’s revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.37 earnings per share. Equities research analysts anticipate that Ford Motor Company will post 1.86 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Tuesday, August 11th. Ford Motor’s payout ratio is currently -32.09%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on F. The Goldman Sachs Group lifted their price target on Ford Motor from $13.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, June 11th. Piper Sandler raised their price objective on Ford Motor from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. DZ Bank raised shares of Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 target price on the stock in a research note on Friday, July 31st. Wall Street Zen lowered shares of Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $14.00 target price on shares of Ford Motor in a research report on Wednesday, May 13th. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Ford Motor has an average rating of “Hold” and a consensus price target of $15.68.

View Our Latest Analysis on F

Ford Motor Profile

(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.

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