King Wealth Management Group LLC bought a new position in shares of Ford Motor Company (NYSE:F) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 12,439 shares of the auto manufacturer’s stock, valued at approximately $145,000.
A number of other hedge funds have also added to or reduced their stakes in F. Advisor Partners LLC raised its stake in shares of Ford Motor by 6.3% in the first quarter. Advisor Partners LLC now owns 31,086 shares of the auto manufacturer’s stock valued at $362,000 after buying an additional 1,840 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of Ford Motor by 130.3% in the first quarter. Acadian Asset Management LLC now owns 38,664 shares of the auto manufacturer’s stock valued at $450,000 after buying an additional 21,879 shares during the last quarter. Camelot Portfolios LLC raised its stake in shares of Ford Motor by 16.0% in the first quarter. Camelot Portfolios LLC now owns 248,731 shares of the auto manufacturer’s stock valued at $2,895,000 after buying an additional 34,317 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its stake in shares of Ford Motor by 133.0% in the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 584,761 shares of the auto manufacturer’s stock valued at $6,805,000 after buying an additional 333,821 shares during the last quarter. Finally, State Treasurer State of Michigan raised its stake in shares of Ford Motor by 0.5% in the first quarter. State Treasurer State of Michigan now owns 1,282,190 shares of the auto manufacturer’s stock valued at $14,925,000 after buying an additional 5,800 shares during the last quarter. 55.58% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ford Motor Company (F) opened at 11.53 on Friday. The company has a market cap of $45.91 billion, a P/E ratio of 12.28 and a beta of 1.11. The stock’s 50 day moving average price is $11.31 and its 200-day moving average price is $11.76. Ford Motor Company has a 52-week low of $10.67 and a 52-week high of $13.99. Ford Motor also was the recipient of some unusual options trading on Wednesday. Stock investors acquired 74,719 call options on the company. This is an increase of approximately 425% compared to the typical daily volume of 14,224 call options.
Ford Motor (NYSE:F) last issued its earnings results on Thursday, April 27th. The auto manufacturer reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.05. The firm had revenue of $36.48 billion for the quarter, compared to the consensus estimate of $34.62 billion. Ford Motor had a return on equity of 19.36% and a net margin of 2.48%. During the same quarter last year, the business posted $0.68 EPS. The company’s revenue was up 3.5% compared to the same quarter last year. Equities analysts expect that Ford Motor Company will post $1.52 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, July 24th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.20%. The ex-dividend date of this dividend is Thursday, July 20th. Ford Motor’s payout ratio is 64.52%.
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Several brokerages have recently weighed in on F. Zacks Investment Research lowered Ford Motor from a “hold” rating to a “strong sell” rating in a report on Monday, July 10th. Vetr raised Ford Motor from a “buy” rating to a “strong-buy” rating and set a $12.60 price objective on the stock in a report on Thursday, July 6th. BidaskClub raised Ford Motor from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Deutsche Bank AG reissued a “hold” rating and set a $14.00 price objective on shares of Ford Motor in a report on Friday, June 30th. Finally, Guggenheim began coverage on Ford Motor in a report on Wednesday, June 21st. They set a “neutral” rating and a $13.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $13.43.
In other news, insider James D. Farley, Jr. sold 25,000 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $11.16, for a total value of $279,000.00. Following the completion of the transaction, the insider now directly owns 428,411 shares in the company, valued at approximately $4,781,066.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.08% of the stock is currently owned by corporate insiders.
Ford Motor Company Profile
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.
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