Kestra Advisory Services LLC Buys 87,887 Shares of Ford Motor Company $F

Kestra Advisory Services LLC lifted its position in Ford Motor Company (NYSE:F) by 14.8% during the first quarter, HoldingsChannel.com reports. The fund owned 681,451 shares of the auto manufacturer’s stock after purchasing an additional 87,887 shares during the period. Kestra Advisory Services LLC’s holdings in Ford Motor were worth $7,864,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Caxton Associates LLP acquired a new position in shares of Ford Motor in the 1st quarter valued at $304,000. Empowered Funds LLC increased its position in shares of Ford Motor by 41.6% in the 1st quarter. Empowered Funds LLC now owns 147,760 shares of the auto manufacturer’s stock valued at $1,482,000 after buying an additional 43,385 shares in the last quarter. Jump Financial LLC acquired a new stake in Ford Motor during the 2nd quarter worth $172,000. NewEdge Advisors LLC raised its stake in Ford Motor by 26.3% during the 2nd quarter. NewEdge Advisors LLC now owns 267,895 shares of the auto manufacturer’s stock worth $2,907,000 after buying an additional 55,741 shares during the period. Finally, Treasurer of the State of North Carolina lifted its holdings in Ford Motor by 1.5% during the second 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 acquiring an additional 26,526 shares in the last quarter. Institutional investors own 58.74% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Bank of America boosted their target price on Ford Motor from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $13.00 price objective on shares of Ford Motor in a report on Friday, May 15th. Morgan Stanley reiterated an “equal weight” rating and issued a $14.00 price objective on shares of Ford Motor in a research report on Wednesday, May 13th. TD Cowen lowered their target price on Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a research note on Friday, May 1st. Finally, Citigroup raised their target price on shares of Ford Motor from $13.00 to $19.00 and gave the stock a “neutral” rating in a report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $14.77.

Ford Motor Stock Down 0.9%

F stock opened at $13.88 on Tuesday. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.09 and a quick ratio of 0.94. The stock has a market capitalization of $55.29 billion, a P/E ratio of -8.95, a P/E/G ratio of 0.31 and a beta of 1.82. Ford Motor Company has a fifty-two week low of $10.68 and a fifty-two week high of $17.78. The business has a 50-day moving average of $14.14 and a 200-day moving average of $13.38.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.48. The business had revenue of $43.25 billion for the quarter, compared to analyst estimates of $42.66 billion. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.Ford Motor’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 EPS. On average, sell-side analysts anticipate that Ford Motor Company will post 1.64 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were issued a $0.15 dividend. The ex-dividend date was Tuesday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.3%. Ford Motor’s dividend payout ratio (DPR) is -38.71%.

Ford Motor Profile

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.