Longfellow Investment Management Co. LLC Makes New $1.45 Million Investment in Ford Motor Company $F

Longfellow Investment Management Co. LLC purchased a new stake in Ford Motor Company (NYSE:F) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 104,001 shares of the auto manufacturer’s stock, valued at approximately $1,446,000.

Other institutional investors also recently made changes to their positions in the company. Old West Investment Management LLC acquired a new position in Ford Motor in the second quarter valued at $6,392,000. N.E.W. Advisory Services LLC purchased a new stake in Ford Motor during the second quarter valued at about $837,000. HBK Sorce Advisory LLC acquired a new stake in Ford Motor during the second quarter worth about $521,000. Tulsa Wealth Advisors INC purchased a new position in shares of Ford Motor in the 2nd quarter worth about $204,000. Finally, OMC Financial Services LTD purchased a new position in shares of Ford Motor in the 2nd quarter worth about $991,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Trading Down 0.1%

NYSE:F opened at $14.36 on Monday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.93 and a current ratio of 1.09. Ford Motor Company has a one year low of $11.11 and a one year high of $17.78. The business’s 50-day simple moving average is $14.18 and its 200 day simple moving average is $13.50. The stock has a market cap of $57.26 billion, a price-to-earnings ratio of -7.68, a price-to-earnings-growth ratio of 0.30 and a beta of 1.82.

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

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Tuesday, August 11th. Ford Motor’s dividend payout ratio is -32.09%.

Analysts Set New Price Targets

F has been the subject of a number of research reports. Morgan Stanley reiterated an “equal weight” rating and set a $14.00 target price on shares of Ford Motor in a report on Wednesday, May 13th. Bank of America raised their price target on shares of Ford Motor from $17.00 to $20.00 and gave the company a “buy” rating in a report on Friday, May 29th. Wells Fargo & Company lifted their price target on shares of Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Thursday, June 25th. Citigroup upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $19.00 to $20.00 in a research note on Wednesday, July 29th. Finally, Zacks Research lowered shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Ford Motor currently has an average rating of “Hold” and an average target price of $15.68.

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.