Ford Motor Company $F Position Boosted by Praxis Investment Management Inc.

Praxis Investment Management Inc. increased its holdings in Ford Motor Company (NYSE:F) by 16.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,843 shares of the auto manufacturer’s stock after buying an additional 20,280 shares during the quarter. Praxis Investment Management Inc.’s holdings in Ford Motor were worth $1,593,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wedmont Private Capital raised its holdings in shares of Ford Motor by 3.0% during the second quarter. Wedmont Private Capital now owns 31,593 shares of the auto manufacturer’s stock worth $374,000 after acquiring an additional 934 shares in the last quarter. Hemington Wealth Management raised its holdings in shares of Ford Motor by 30.9% during the second quarter. Hemington Wealth Management now owns 4,016 shares of the auto manufacturer’s stock worth $43,000 after acquiring an additional 947 shares in the last quarter. Meriwether Wealth & Planning LLC raised its holdings in shares of Ford Motor by 6.9% during the second quarter. Meriwether Wealth & Planning LLC now owns 15,186 shares of the auto manufacturer’s stock worth $165,000 after acquiring an additional 985 shares in the last quarter. Atlas Capital Advisors Inc. raised its holdings in shares of Ford Motor by 21.2% during the first quarter. Atlas Capital Advisors Inc. now owns 5,665 shares of the auto manufacturer’s stock worth $57,000 after acquiring an additional 989 shares in the last quarter. Finally, City Holding Co. raised its holdings in shares of Ford Motor by 47.8% during the second quarter. City Holding Co. now owns 3,090 shares of the auto manufacturer’s stock worth $34,000 after acquiring an additional 1,000 shares in the last quarter. 58.74% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on F. The Goldman Sachs Group raised their target price on Ford Motor from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, September 29th. Piper Sandler raised their target price on Ford Motor from $9.00 to $9.50 and gave the company a “neutral” rating in a report on Thursday, July 31st. Wells Fargo & Company raised their target price on Ford Motor from $8.00 to $10.00 and gave the company an “underweight” rating in a report on Friday, October 3rd. Wall Street Zen upgraded Ford Motor from a “sell” rating to a “hold” rating in a report on Sunday, July 20th. Finally, Royal Bank Of Canada raised their target price on Ford Motor from $10.00 to $11.00 and gave the company a “sector perform” rating in a report on Tuesday, August 5th. Two equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Ford Motor has an average rating of “Hold” and a consensus target price of $11.04.

Ford Motor Stock Performance

F opened at $11.75 on Friday. The firm has a market capitalization of $46.76 billion, a P/E ratio of 15.06, a price-to-earnings-growth ratio of 3.42 and a beta of 1.53. The stock’s 50 day moving average price is $11.71 and its two-hundred day moving average price is $10.92. 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 Company has a 12-month low of $8.44 and a 12-month high of $12.80.

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

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 5.1%. Ford Motor’s dividend payout ratio (DPR) is 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.