KMG Fiduciary Partners LLC Raises Position in Ford Motor Company $F

KMG Fiduciary Partners LLC lifted its position in Ford Motor Company (NYSE:F) by 63.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 145,212 shares of the auto manufacturer’s stock after buying an additional 56,283 shares during the period. KMG Fiduciary Partners LLC’s holdings in Ford Motor were worth $2,018,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in F. Caxton Associates LLP purchased a new position in shares of Ford Motor in the first quarter worth $304,000. Empowered Funds LLC lifted its holdings in shares of Ford Motor by 41.6% during the first quarter. Empowered Funds LLC now owns 147,760 shares of the auto manufacturer’s stock valued at $1,482,000 after purchasing an additional 43,385 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Ford Motor during the second quarter valued at $172,000. NewEdge Advisors LLC boosted its position in shares of Ford Motor by 26.3% during the second quarter. NewEdge Advisors LLC now owns 267,895 shares of the auto manufacturer’s stock valued at $2,907,000 after buying an additional 55,741 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in Ford Motor by 1.5% in the 2nd quarter. Treasurer of the State of North Carolina now owns 1,823,614 shares of the auto manufacturer’s stock worth $19,786,000 after buying an additional 26,526 shares in the last quarter. Institutional investors own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

F has been the subject of a number of recent analyst reports. Wells Fargo & Company boosted their target price on Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Thursday, June 25th. UBS Group lifted their price target on shares of Ford Motor from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. The Goldman Sachs Group boosted their price objective on shares of Ford Motor from $13.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, June 11th. DZ Bank upgraded shares of Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 price objective on the stock in a research report on Friday, July 31st. Finally, Wall Street Zen cut shares of Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Seven analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $15.68.

Ford Motor Price Performance

Shares of Ford Motor stock opened at $14.01 on Tuesday. The stock has a market cap of $55.87 billion, a P/E ratio of -7.49, a P/E/G ratio of 0.29 and a beta of 1.82. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.93 and a current ratio of 1.09. The stock’s fifty day moving average is $14.30 and its 200 day moving average is $13.49. Ford Motor Company has a one year low of $11.06 and a one year high of $17.78.

Ford Motor (NYSE:F) last released its quarterly earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.09. The business had revenue of $48.30 billion during the quarter, compared to analyst estimates of $47.24 billion. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.Ford Motor’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.37 earnings per share. Sell-side analysts anticipate that Ford Motor Company will post 1.86 earnings per share for the current year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.3%. Ford Motor’s payout ratio is -32.09%.

About Ford Motor

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.