200,240 Shares in Ford Motor Company $F Bought by Paralel Advisors LLC

Paralel Advisors LLC purchased a new stake in Ford Motor Company (NYSE:F) in the second quarter, HoldingsChannel reports. The institutional investor purchased 200,240 shares of the auto manufacturer’s stock, valued at approximately $2,783,000.

Several other large investors also recently bought and sold shares of F. Caxton Associates LLP purchased a new position in shares of Ford Motor during the first quarter worth about $304,000. Empowered Funds LLC lifted its holdings 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 purchasing an additional 43,385 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of Ford Motor in the 2nd quarter valued at about $172,000. NewEdge Advisors LLC boosted its position in shares of Ford Motor by 26.3% in the 2nd quarter. NewEdge Advisors LLC now owns 267,895 shares of the auto manufacturer’s stock valued at $2,907,000 after purchasing an additional 55,741 shares during the period. Finally, Treasurer of the State of North Carolina boosted its position in shares of Ford Motor by 1.5% in the 2nd quarter. Treasurer of the State of North Carolina now owns 1,823,614 shares of the auto manufacturer’s stock valued at $19,786,000 after purchasing an additional 26,526 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Performance

Shares of F stock opened at $13.97 on Friday. The stock has a market capitalization of $55.71 billion, a PE ratio of -7.47, a price-to-earnings-growth ratio of 0.30 and a beta of 1.82. Ford Motor Company has a 52-week low of $11.11 and a 52-week high of $17.78. The stock’s 50-day moving average price is $14.13 and its 200 day moving average price is $13.50. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07.

Ford Motor (NYSE:F) last posted 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. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.The firm had revenue of $48.30 billion during the quarter, compared to the consensus estimate of $47.24 billion. During the same period in the prior year, the business earned $0.37 EPS. The firm’s revenue was down 3.8% compared to the same quarter last year. As a group, equities research analysts forecast that Ford Motor Company will post 1.86 EPS for the current year.

Ford Motor Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ford Motor in a research report on Wednesday, June 24th. Wells Fargo & Company increased their price objective on Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a report on Thursday, June 25th. UBS Group raised their target price on shares of Ford Motor from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Citigroup raised shares of Ford Motor from a “neutral” rating to a “buy” rating and lifted their target price for the company from $19.00 to $20.00 in a report on Wednesday, July 29th. Finally, Royal Bank Of Canada upped their price target on shares of Ford Motor from $13.00 to $15.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 29th. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $15.68.

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.