Thompson Davis & CO. Inc. Buys Shares of 13,683 Ford Motor Company $F

Thompson Davis & CO. Inc. purchased a new position in shares of Ford Motor Company (NYSE:F) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 13,683 shares of the auto manufacturer’s stock, valued at approximately $148,000.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Ford Motor by 13.8% in the first quarter. Vanguard Group Inc. now owns 457,660,361 shares of the auto manufacturer’s stock worth $4,590,333,000 after buying an additional 55,576,478 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Ford Motor by 8.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 140,053,906 shares of the auto manufacturer’s stock worth $1,404,741,000 after buying an additional 10,947,527 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Ford Motor by 17.9% in the 2nd quarter. Geode Capital Management LLC now owns 103,784,031 shares of the auto manufacturer’s stock worth $1,122,434,000 after purchasing an additional 15,748,694 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Ford Motor by 6,915.1% in the first quarter. Pacer Advisors Inc. now owns 49,078,048 shares of the auto manufacturer’s stock worth $492,253,000 after buying an additional 48,378,444 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Ford Motor by 32.7% during the second quarter. Bank of New York Mellon Corp now owns 29,342,420 shares of the auto manufacturer’s stock valued at $318,365,000 after acquiring an additional 7,238,424 shares during the period. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Stock Performance

NYSE:F opened at $13.28 on Friday. The stock has a market capitalization of $52.89 billion, a P/E ratio of 11.44, a price-to-earnings-growth ratio of 4.03 and a beta of 1.60. The company has a current ratio of 1.12, a quick ratio of 0.98 and a debt-to-equity ratio of 2.20. Ford Motor Company has a 1 year low of $8.44 and a 1 year high of $13.97. The firm has a 50 day moving average of $12.27 and a 200-day moving average of $11.41.

Ford Motor (NYSE:F) last released its quarterly earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. The firm had revenue of $50.53 billion during the quarter, compared to analysts’ expectations of $43.08 billion. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.The business’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm posted $0.49 EPS. As a group, sell-side analysts anticipate that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 7th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, November 7th. Ford Motor’s payout ratio is currently 51.72%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on F. Jefferies Financial Group raised Ford Motor from an “underperform” rating to a “hold” rating and raised their target price for the company from $9.00 to $12.00 in a report on Monday, October 6th. Weiss Ratings upgraded shares of Ford Motor from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday. JPMorgan Chase & Co. increased their price target on shares of Ford Motor from $13.00 to $14.00 and gave the company an “overweight” rating in a report on Monday, October 20th. UBS Group boosted their price objective on shares of Ford Motor from $11.00 to $12.50 and gave the stock a “neutral” rating in a report on Monday, October 6th. Finally, Barclays upped their price objective on shares of Ford Motor from $11.00 to $12.00 and gave the company an “equal weight” rating in a research report on Monday, October 27th. Three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $11.73.

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.