Ford Motor Company $F Shares Acquired by Townsend & Associates Inc

Townsend & Associates Inc boosted its stake in Ford Motor Company (NYSE:F) by 19.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,254 shares of the auto manufacturer’s stock after buying an additional 3,003 shares during the quarter. Townsend & Associates Inc’s holdings in Ford Motor were worth $209,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of F. Wedmont Private Capital lifted its stake in 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 purchasing an additional 934 shares in the last quarter. Hemington Wealth Management increased its position in shares of Ford Motor by 30.9% in the 2nd quarter. Hemington Wealth Management now owns 4,016 shares of the auto manufacturer’s stock valued at $43,000 after purchasing an additional 947 shares during the last quarter. Meriwether Wealth & Planning LLC raised its holdings in shares of Ford Motor by 6.9% in the 2nd quarter. Meriwether Wealth & Planning LLC now owns 15,186 shares of the auto manufacturer’s stock valued at $165,000 after purchasing an additional 985 shares in the last quarter. Atlas Capital Advisors Inc. lifted its position in shares of Ford Motor by 21.2% during the 1st quarter. Atlas Capital Advisors Inc. now owns 5,665 shares of the auto manufacturer’s stock worth $57,000 after purchasing an additional 989 shares during the last quarter. Finally, City Holding Co. grew its stake 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 purchasing an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Performance

NYSE:F opened at $11.93 on Monday. The stock has a market cap of $47.46 billion, a PE ratio of 15.29, a price-to-earnings-growth ratio of 3.47 and a beta of 1.53. Ford Motor Company has a fifty-two week low of $8.44 and a fifty-two week high of $12.80. The firm’s fifty day simple moving average is $11.72 and its 200-day simple moving average is $10.95. 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 issued its quarterly earnings data on Wednesday, July 30th. The auto manufacturer reported $0.37 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 analysts’ expectations of $42.91 billion. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The firm’s revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.47 EPS. Analysts expect that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 11th were issued a $0.15 dividend. The ex-dividend date was Monday, August 11th. This represents a $0.60 annualized dividend and a yield of 5.0%. Ford Motor’s dividend payout ratio (DPR) is presently 76.92%.

Analysts Set New Price Targets

F has been the subject of several analyst reports. Royal Bank Of Canada upped their price objective 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. Wall Street Zen upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a report on Sunday, July 20th. Barclays lifted 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. Jefferies Financial Group raised Ford Motor from an “underperform” rating to a “hold” rating and boosted their target price for the company from $9.00 to $12.00 in a report on Monday, October 6th. Finally, Wells Fargo & Company lifted their price target on Ford Motor from $8.00 to $10.00 and gave the stock an “underweight” rating in a research report on Friday, October 3rd. Two equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $11.04.

Ford Motor 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.