JGP Wealth Management LLC Purchases New Position in Ford Motor Company $F

JGP Wealth Management LLC purchased a new stake in shares of Ford Motor Company (NYSE:F) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,687 shares of the auto manufacturer’s stock, valued at approximately $138,000.

Other large investors have also added to or reduced their stakes in the company. NorthCrest Asset Manangement LLC grew its position in shares of 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 acquiring an additional 1,140 shares during the period. Exchange Traded Concepts LLC lifted its stake in shares of Ford Motor by 45.7% during the 1st quarter. Exchange Traded Concepts LLC now owns 58,795 shares of the auto manufacturer’s stock valued at $590,000 after buying an additional 18,444 shares in the last quarter. Brighton Jones LLC lifted its stake in shares of Ford Motor by 25.5% during the 1st quarter. Brighton Jones LLC now owns 24,711 shares of the auto manufacturer’s stock valued at $248,000 after buying an additional 5,018 shares in the last quarter. Optas LLC purchased a new position in shares of Ford Motor during the 1st quarter valued at $116,000. Finally, Acropolis Investment Management LLC purchased a new position in shares of Ford Motor during the 1st quarter valued at $118,000. Institutional investors own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on F shares. Piper Sandler boosted their price target on shares of Ford Motor from $9.00 to $9.50 and gave the stock a “neutral” rating in a research note on Thursday, July 31st. Wells Fargo & Company boosted their price target on shares of Ford Motor from $8.00 to $10.00 and gave the stock an “underweight” rating in a research note on Friday, October 3rd. Barclays boosted their price target on shares of Ford Motor from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 16th. Wall Street Zen upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Sunday, July 20th. Finally, The Goldman Sachs Group boosted their price target on shares of Ford Motor from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, September 29th. Two analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $11.04.

Ford Motor Stock Up 1.1%

Shares of NYSE F opened at $11.67 on Wednesday. The firm’s 50-day moving average price is $11.69 and its 200-day moving average price is $10.91. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 2.24. The stock has a market capitalization of $46.43 billion, a price-to-earnings ratio of 14.96, a P/E/G ratio of 3.30 and a beta of 1.53. Ford Motor Company has a 12-month low of $8.44 and a 12-month high of $12.80.

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

Ford Motor Announces Dividend

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

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.