Global Retirement Partners LLC Buys New Position in Ford Motor Company $F

Global Retirement Partners LLC acquired a new position in Ford Motor Company (NYSE:F) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 116,529 shares of the auto manufacturer’s stock, valued at approximately $1,620,000.

Several other large investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new stake in Ford Motor during the 2nd quarter valued at approximately $717,218,000. Norges Bank purchased a new stake in Ford Motor in the 4th quarter worth about $674,437,000. Marshall Wace LLP lifted its stake in shares of Ford Motor by 81.1% during the 3rd quarter. Marshall Wace LLP now owns 35,438,722 shares of the auto manufacturer’s stock worth $423,847,000 after acquiring an additional 15,866,285 shares during the last quarter. AQR Capital Management LLC boosted its position in Ford Motor by 610.1% in the 4th quarter. AQR Capital Management LLC now owns 11,177,304 shares of the auto manufacturer’s stock valued at $146,646,000 after buying an additional 9,603,267 shares during the period. Finally, SG Americas Securities LLC grew its stake in Ford Motor by 458.7% in the first quarter. SG Americas Securities LLC now owns 9,002,765 shares of the auto manufacturer’s stock worth $103,892,000 after purchasing an additional 7,391,361 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Price Performance

Shares of Ford Motor stock opened at $14.07 on Tuesday. The firm has a market cap of $56.11 billion, a PE ratio of -7.52, a P/E/G ratio of 0.30 and a beta of 1.82. Ford Motor Company has a twelve month low of $11.11 and a twelve month 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 business has a 50-day moving average price of $14.16 and a 200 day moving average price of $13.50.

Ford Motor (NYSE:F) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $47.24 billion. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.Ford Motor’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period last year, the company earned $0.37 earnings per share. Sell-side analysts predict that Ford Motor Company will post 1.86 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 4.3%. Ford Motor’s dividend payout ratio (DPR) is currently -32.09%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. UBS Group increased their price target on shares of Ford Motor from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Morgan Stanley reiterated an “equal weight” rating and set a $14.00 price objective on shares of Ford Motor in a research note on Wednesday, May 13th. Jefferies Financial Group upgraded Ford Motor from a “hold” rating to a “buy” rating and upped their target price for the stock from $14.50 to $17.50 in a research note on Monday, July 27th. Barclays raised their target price on Ford Motor from $13.00 to $14.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. Finally, Piper Sandler boosted their price target on Ford Motor from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Ford Motor presently has an average rating of “Hold” and a consensus price target of $15.68.

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.