Adage Capital Partners GP L.L.C. Boosts Holdings in Ford Motor Company $F

Adage Capital Partners GP L.L.C. boosted its position in Ford Motor Company (NYSE:F) by 155.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 802,600 shares of the auto manufacturer’s stock after purchasing an additional 488,600 shares during the quarter. Adage Capital Partners GP L.L.C.’s holdings in Ford Motor were worth $8,050,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Grove Bank & Trust grew its position in Ford Motor by 289.1% during the first quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer’s stock worth $25,000 after buying an additional 1,882 shares in the last quarter. Elite Financial Inc. purchased a new position in Ford Motor during the first quarter worth about $27,000. Olde Wealth Management LLC purchased a new stake in Ford Motor in the first quarter valued at approximately $28,000. MorganRosel Wealth Management LLC bought a new stake in Ford Motor during the first quarter valued at approximately $30,000. Finally, Spurstone Advisory Services LLC bought a new stake in Ford Motor during the fourth quarter valued at approximately $31,000. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ford Motor

In related news, insider Andrew Frick sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $11.00, for a total transaction of $330,000.00. Following the completion of the sale, the insider owned 113,939 shares of the company’s stock, valued at $1,253,329. This trade represents a 20.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.48% of the stock is owned by company insiders.

Ford Motor Price Performance

Shares of NYSE:F opened at $11.74 on Friday. The stock has a market cap of $46.70 billion, a PE ratio of 15.05, a PEG ratio of 3.38 and a beta of 1.52. The company’s fifty day moving average is $11.46 and its 200 day moving average is $10.52. Ford Motor Company has a 52 week low of $8.44 and a 52 week high of $11.99. The company has a quick ratio of 0.95, a current ratio of 1.10 and a debt-to-equity ratio of 2.24.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The company had revenue of $50.18 billion during the quarter, compared to analyst estimates of $42.91 billion. During the same period in the prior year, the business posted $0.47 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. Research analysts anticipate that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 11th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 5.1%. Ford Motor’s dividend payout ratio (DPR) is 76.92%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Piper Sandler lifted their target price on shares of Ford Motor from $9.00 to $9.50 and gave the company a “neutral” rating in a research report on Thursday, July 31st. Jefferies Financial Group increased their target price on Ford Motor from $8.00 to $9.00 and gave the company an “underperform” rating in a research note on Monday, August 11th. Dbs Bank cut Ford Motor from a “hold” rating to a “moderate sell” rating in a research note on Monday, August 4th. Barclays increased their target price on Ford Motor from $9.00 to $11.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 16th. Finally, Royal Bank Of Canada increased their target price on Ford Motor from $10.00 to $11.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 5th. Two research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Ford Motor presently has an average rating of “Reduce” and an average price target of $10.53.

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.