SteelPeak Wealth LLC Buys Shares of 308,943 Ford Motor Company $F

SteelPeak Wealth LLC bought a new position in Ford Motor Company (NYSE:F) during the 1st quarter, HoldingsChannel.com reports. The fund bought 308,943 shares of the auto manufacturer’s stock, valued at approximately $3,565,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in F. Grove Bank & Trust lifted its holdings in shares of Ford Motor by 110.7% during the 4th quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock valued at $25,000 after buying an additional 1,000 shares during the last quarter. MV Capital Management Inc. bought a new position in Ford Motor during the fourth quarter valued at approximately $25,000. McMillan Office Inc. bought a new position in Ford Motor during the fourth quarter valued at approximately $26,000. Olistico Wealth LLC bought a new position in Ford Motor during the fourth quarter valued at approximately $26,000. Finally, Murphy Middleton Hinkle & Parker Inc. acquired a new stake in Ford Motor in the fourth quarter valued at approximately $29,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Trading Down 0.0%

Shares of F stock opened at $14.18 on Friday. Ford Motor Company has a 12 month low of $10.68 and a 12 month high of $17.78. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 2.84. The business’s 50 day moving average is $14.26 and its two-hundred day moving average is $13.40. The company has a market cap of $56.48 billion, a PE ratio of -9.15, a price-to-earnings-growth ratio of 0.31 and a beta of 1.82.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.48. The business had revenue of $43.25 billion during the quarter, compared to analysts’ expectations of $42.66 billion. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. Ford Motor’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.14 earnings per share. Equities analysts predict that Ford Motor Company will post 1.64 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.2%. The ex-dividend date was Tuesday, May 12th. Ford Motor’s dividend payout ratio (DPR) is -38.71%.

Analyst Ratings Changes

Several brokerages have recently commented on F. The Goldman Sachs Group increased their price target on shares of Ford Motor from $13.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, June 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ford Motor in a research note on Wednesday, June 24th. Bank of America upped their price objective on shares of Ford Motor from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Morgan Stanley reissued an “equal weight” rating and set a $14.00 target price on shares of Ford Motor in a research report on Wednesday, May 13th. Finally, TD Cowen cut their target price on Ford Motor from $14.00 to $13.00 and set a “hold” rating on the stock in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $14.72.

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.