Sunburst Financial Group LLC acquired a new stake in Ford Motor (NYSE:F – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,267 shares of the auto manufacturer’s stock, valued at approximately $186,000.
Several other large investors have also bought and sold shares of the company. Snider Financial Group lifted its holdings in shares of Ford Motor by 100,345.2% during the first quarter. Snider Financial Group now owns 219,805,167 shares of the auto manufacturer’s stock valued at $3,717,000 after purchasing an additional 219,586,336 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Ford Motor by 243.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 81,406,673 shares of the auto manufacturer’s stock valued at $1,025,724,000 after buying an additional 57,689,209 shares in the last quarter. Norges Bank acquired a new position in shares of Ford Motor in the fourth quarter worth about $419,237,000. Moneta Group Investment Advisors LLC raised its holdings in shares of Ford Motor by 81,406.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 30,201,290 shares of the auto manufacturer’s stock valued at $351,241,000 after acquiring an additional 30,164,236 shares during the period. Finally, Two Sigma Advisers LP purchased a new stake in shares of Ford Motor in the 1st quarter valued at approximately $341,804,000. Institutional investors own 52.73% of the company’s stock.
Analyst Ratings Changes
Several analysts recently commented on the stock. Wells Fargo & Company raised their price target on shares of Ford Motor from $10.00 to $11.00 in a report on Monday, July 10th. UBS Group started coverage on shares of Ford Motor in a research report on Tuesday, September 12th. They issued a “buy” rating and a $15.00 price target on the stock. JPMorgan Chase & Co. upped their price target on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Friday, July 28th. Barclays increased their price target on shares of Ford Motor from $13.00 to $14.00 in a report on Monday, July 10th. Finally, Jefferies Financial Group lowered shares of Ford Motor from a “buy” rating to a “hold” rating and cut their price objective for the company from $17.00 to $15.00 in a research report on Monday, July 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $14.50.
Ford Motor Trading Down 1.8 %
Shares of Ford Motor stock traded down $0.23 on Monday, hitting $12.38. 21,054,922 shares of the company’s stock traded hands, compared to its average volume of 60,031,547. The firm’s 50-day moving average price is $12.91 and its two-hundred day moving average price is $12.74. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.20 and a quick ratio of 1.03. The stock has a market capitalization of $49.55 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 0.86 and a beta of 1.61. Ford Motor has a one year low of $10.90 and a one year high of $15.42.
Ford Motor (NYSE:F – Get Free Report) last released its quarterly earnings data on Thursday, July 27th. The auto manufacturer reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.21. The business had revenue of $44.95 billion during the quarter, compared to analysts’ expectations of $43.17 billion. Ford Motor had a net margin of 2.44% and a return on equity of 20.48%. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 EPS. On average, research analysts expect that Ford Motor will post 2.11 EPS for the current fiscal year.
Ford Motor Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Tuesday, July 25th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date was Monday, July 24th. Ford Motor’s dividend payout ratio (DPR) is presently 58.82%.
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.
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