Creative Planning Purchases 17,466 Shares of Ford Motor Company $F

Creative Planning grew its position in shares of Ford Motor Company (NYSE:F) by 1.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,056,326 shares of the auto manufacturer’s stock after acquiring an additional 17,466 shares during the period. Creative Planning’s holdings in Ford Motor were worth $11,461,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Trust Co. of Toledo NA OH bought a new stake in shares of Ford Motor during the second quarter valued at approximately $25,000. Atlantic Union Bankshares Corp purchased a new position in Ford Motor during the second quarter valued at $30,000. Cypress Capital LLC bought a new stake in shares of Ford Motor during the 2nd quarter valued at $31,000. WPG Advisers LLC purchased a new stake in shares of Ford Motor in the 1st quarter worth about $33,000. Finally, Rise Advisors LLC grew its position in shares of Ford Motor by 316.5% in the 1st quarter. Rise Advisors LLC now owns 3,303 shares of the auto manufacturer’s stock worth $33,000 after buying an additional 2,510 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Performance

Shares of F stock opened at $13.03 on Wednesday. The company has a market capitalization of $51.90 billion, a price-to-earnings ratio of 11.23, a price-to-earnings-growth ratio of 4.03 and a beta of 1.60. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.98 and a current ratio of 1.12. Ford Motor Company has a one year low of $8.44 and a one year high of $13.97. The company’s 50-day moving average is $12.35 and its 200 day moving average is $11.49.

Ford Motor (NYSE:F) last issued its earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.07. Ford Motor had a net margin of 2.48% and a return on equity of 11.94%. The business had revenue of $50.53 billion during the quarter, compared to analysts’ expectations of $43.08 billion. During the same period in the previous year, the company earned $0.49 earnings per share. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. Sell-side analysts expect that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 7th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.6%. The ex-dividend date is Friday, November 7th. Ford Motor’s dividend payout ratio (DPR) is currently 51.72%.

Analysts Set New Price Targets

F has been the subject of a number of recent research reports. Dbs Bank cut shares of Ford Motor from a “hold” rating to a “moderate sell” rating in a research report on Monday, August 4th. JPMorgan Chase & Co. raised their target price on shares of Ford Motor from $13.00 to $14.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Royal Bank Of Canada boosted their price target on Ford Motor from $11.00 to $12.00 and gave the stock a “sector perform” rating in a research report on Friday, October 24th. Citigroup upped their price target on Ford Motor from $11.00 to $13.50 and gave the stock a “neutral” rating in a research note on Monday, October 27th. Finally, Wells Fargo & Company raised their price objective on Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Friday, October 24th. Three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $11.73.

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.