Channel Wealth LLC Invests $110,000 in Ford Motor Company $F

Channel Wealth LLC acquired a new position in Ford Motor Company (NYSE:F) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 10,141 shares of the auto manufacturer’s stock, valued at approximately $110,000.

Several other large investors have also recently modified their holdings of the stock. Atlas Capital Advisors Inc. increased its holdings in shares of Ford Motor by 21.2% in the first quarter. Atlas Capital Advisors Inc. now owns 5,665 shares of the auto manufacturer’s stock worth $57,000 after buying an additional 989 shares during the period. Kovack Advisors Inc. increased its holdings in Ford Motor by 1.7% during the 1st quarter. Kovack Advisors Inc. now owns 62,199 shares of the auto manufacturer’s stock valued at $624,000 after purchasing an additional 1,035 shares during the period. Partners Wealth Management LLC increased its holdings in Ford Motor by 8.4% during the 1st quarter. Partners Wealth Management LLC now owns 13,903 shares of the auto manufacturer’s stock valued at $139,000 after purchasing an additional 1,082 shares during the period. Advisors Capital Management LLC increased its holdings in Ford Motor by 9.6% during the 1st quarter. Advisors Capital Management LLC now owns 12,543 shares of the auto manufacturer’s stock valued at $126,000 after purchasing an additional 1,100 shares during the period. Finally, NorthCrest Asset Manangement LLC increased its holdings in Ford Motor by 7.6% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 16,203 shares of the auto manufacturer’s stock valued at $163,000 after purchasing an additional 1,140 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Performance

Shares of F opened at $11.61 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 1.10 and a debt-to-equity ratio of 2.24. The business’s 50 day moving average price is $11.47 and its 200-day moving average price is $10.63. Ford Motor Company has a 52 week low of $8.44 and a 52 week high of $11.99. The stock has a market cap of $46.21 billion, a P/E ratio of 14.88, a P/E/G ratio of 3.36 and a beta of 1.52.

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

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend was Monday, August 11th. Ford Motor’s payout ratio is currently 76.92%.

Insider Activity at Ford Motor

In other news, insider Andrew Frick sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total value of $330,000.00. Following the sale, the insider directly owned 113,939 shares of the company’s stock, valued at $1,253,329. The trade was a 20.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.48% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

F has been the subject of several research reports. Wall Street Zen raised Ford Motor from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. Piper Sandler increased their target price on Ford Motor from $9.00 to $9.50 and gave the stock a “neutral” rating in a research report on Thursday, July 31st. Royal Bank Of Canada increased their target price on Ford Motor from $10.00 to $11.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 5th. JPMorgan Chase & Co. increased their target price on Ford Motor from $12.00 to $13.00 and gave the stock an “overweight” rating in a research report on Monday, July 21st. Finally, Dbs Bank lowered Ford Motor from a “hold” rating to a “moderate sell” rating in a research report on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ford Motor currently has an average rating of “Reduce” and an average price target of $10.53.

About Ford Motor

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.