SFE Investment Counsel Takes $1.06 Million Position in Ford Motor Company $F

SFE Investment Counsel purchased a new stake in shares of Ford Motor Company (NYSE:F) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 76,210 shares of the auto manufacturer’s stock, valued at approximately $1,059,000.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Ford Motor during the fourth quarter worth about $674,437,000. SBI Okasan Asset Management Co.Ltd. acquired a new stake in shares of Ford Motor during the fourth quarter valued at about $1,769,000. TD Asset Management Inc raised its stake in shares of Ford Motor by 11.0% in the 4th quarter. TD Asset Management Inc now owns 1,908,234 shares of the auto manufacturer’s stock valued at $25,036,000 after acquiring an additional 189,310 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of Ford Motor by 22.4% in the 1st quarter. Public Employees Retirement System of Ohio now owns 2,001,319 shares of the auto manufacturer’s stock worth $23,095,000 after acquiring an additional 366,218 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of Ford Motor by 223.5% in the 1st quarter. KBC Group NV now owns 2,229,629 shares of the auto manufacturer’s stock worth $25,729,000 after acquiring an additional 1,540,403 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

F has been the subject of a number of research analyst reports. Piper Sandler increased their price objective on shares of Ford Motor from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Citigroup upgraded Ford Motor from a “neutral” rating to a “buy” rating and upped their price target for the stock from $19.00 to $20.00 in a research note on Wednesday, July 29th. Bank of America raised their price target on Ford Motor from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. UBS Group lifted their price objective on Ford Motor from $14.00 to $17.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Finally, Barclays boosted their price objective on Ford Motor from $13.00 to $14.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. Eight analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $15.68.

Ford Motor Price Performance

Shares of F opened at $14.36 on Friday. The company has a market cap of $57.26 billion, a P/E ratio of -7.68, a PEG ratio of 0.30 and a beta of 1.82. Ford Motor Company has a fifty-two week low of $11.11 and a fifty-two week high of $17.78. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07. The firm’s 50 day moving average price is $14.18 and its 200 day moving average price is $13.50.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS for the quarter, beating the consensus estimate of $0.33 by $0.09. The company had revenue of $48.30 billion during the quarter, compared to analysts’ expectations of $47.24 billion. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The firm’s revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.37 EPS. On average, research analysts forecast that Ford Motor Company will post 1.86 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be paid a $0.15 dividend. 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 (DPR) is presently -32.09%.

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.