Global Assets Advisory LLC Takes $400,000 Position in Ford Motor Company (NYSE:F)

Global Assets Advisory LLC purchased a new stake in shares of Ford Motor Company (NYSE:F) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 43,248 shares of the auto manufacturer’s stock, valued at approximately $400,000.

A number of other large investors have also recently modified their holdings of F. Grove Bank & Trust boosted its position in shares of Ford Motor by 289.1% during the 1st quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer’s stock valued at $25,000 after acquiring an additional 1,882 shares during the last quarter. Flagship Wealth Advisors LLC bought a new stake in Ford Motor in the 4th quarter worth approximately $30,000. Spurstone Advisory Services LLC bought a new stake in Ford Motor in the 4th quarter worth approximately $31,000. Wood Tarver Financial Group LLC bought a new stake in Ford Motor in the 4th quarter worth approximately $31,000. Finally, BankPlus Trust Department bought a new stake in Ford Motor in the 4th quarter worth approximately $34,000. Institutional investors own 58.74% of the company’s stock.

Analyst Upgrades and Downgrades

F has been the subject of a number of recent research reports. Wall Street Zen upgraded Ford Motor from a “sell” rating to a “hold” rating in a research report on Saturday, June 14th. Barclays boosted their target price on Ford Motor from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 6th. Sanford C. Bernstein downgraded Ford Motor from a “market perform” rating to an “underperform” rating and dropped their target price for the stock from $9.40 to $7.00 in a research report on Wednesday, April 9th. JPMorgan Chase & Co. boosted their target price on Ford Motor from $11.00 to $12.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Finally, Piper Sandler boosted their target price on Ford Motor from $8.50 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, May 22nd. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $10.03.

Ford Motor Price Performance

F opened at $10.50 on Thursday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.97 and a current ratio of 1.13. Ford Motor Company has a 52-week low of $8.44 and a 52-week high of $14.85. The stock has a market capitalization of $41.75 billion, a PE ratio of 8.40, a price-to-earnings-growth ratio of 0.91 and a beta of 1.50. The stock’s 50 day moving average price is $10.32 and its 200-day moving average price is $9.96.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.16. The company had revenue of $40.66 billion for the quarter, compared to analysts’ expectations of $35.99 billion. Ford Motor had a return on equity of 13.49% and a net margin of 2.74%. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 earnings per share. On average, equities research analysts predict that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 12th were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.60 annualized dividend and a yield of 5.71%. Ford Motor’s payout ratio is 48.00%.

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.