Chevy Chase Trust Holdings LLC Purchases 21,485 Shares of Ford Motor Company $F

Chevy Chase Trust Holdings LLC grew its position in shares of Ford Motor Company (NYSE:F) by 1.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,063,044 shares of the auto manufacturer’s stock after acquiring an additional 21,485 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Ford Motor were worth $22,384,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Wedmont Private Capital increased its holdings in shares of Ford Motor by 3.0% during the second quarter. Wedmont Private Capital now owns 31,593 shares of the auto manufacturer’s stock valued at $374,000 after acquiring an additional 934 shares in the last quarter. Hemington Wealth Management grew its holdings in Ford Motor by 30.9% during the second quarter. Hemington Wealth Management now owns 4,016 shares of the auto manufacturer’s stock worth $43,000 after buying an additional 947 shares in the last quarter. Meriwether Wealth & Planning LLC grew its holdings in Ford Motor by 6.9% during the second quarter. Meriwether Wealth & Planning LLC now owns 15,186 shares of the auto manufacturer’s stock worth $165,000 after buying an additional 985 shares in the last quarter. Atlas Capital Advisors Inc. grew its holdings in Ford Motor by 21.2% during the first quarter. Atlas Capital Advisors Inc. now owns 5,665 shares of the auto manufacturer’s stock worth $57,000 after buying an additional 989 shares in the last quarter. Finally, City Holding Co. grew its holdings in Ford Motor by 47.8% during the second quarter. City Holding Co. now owns 3,090 shares of the auto manufacturer’s stock worth $34,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Up 1.6%

Shares of NYSE F opened at $11.93 on Friday. Ford Motor Company has a one year low of $8.44 and a one year high of $12.80. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.10 and a quick ratio of 0.95. The business’s fifty day moving average price is $11.72 and its 200-day moving average price is $10.94. The stock has a market capitalization of $47.46 billion, a PE ratio of 15.29, a P/E/G ratio of 3.47 and a beta of 1.53.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.The firm had revenue of $50.18 billion for the quarter, compared to analysts’ expectations of $42.91 billion. During the same quarter in the prior year, the firm earned $0.47 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities research analysts anticipate that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 11th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date was Monday, August 11th. Ford Motor’s payout ratio is presently 76.92%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on F shares. UBS Group upped their price target on Ford Motor from $11.00 to $12.50 and gave the stock a “neutral” rating in a report on Monday, October 6th. Royal Bank Of Canada upped their price target on Ford Motor from $10.00 to $11.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 5th. Jefferies Financial Group upgraded Ford Motor from an “underperform” rating to a “hold” rating and upped their price target for the stock from $9.00 to $12.00 in a report on Monday, October 6th. Barclays upped their price target on Ford Motor from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 16th. Finally, Piper Sandler boosted their price objective on Ford Motor from $9.00 to $9.50 and gave the stock a “neutral” rating in a research report on Thursday, July 31st. Two investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $11.04.

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.