Argyle Capital Management LLC Cuts Position in Ford Motor Company $F

Argyle Capital Management LLC cut its stake in Ford Motor Company (NYSE:F) by 3.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 122,810 shares of the auto manufacturer’s stock after selling 4,000 shares during the quarter. Argyle Capital Management LLC’s holdings in Ford Motor were worth $1,332,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in Ford Motor by 13.8% during the 1st quarter. Vanguard Group Inc. now owns 457,660,361 shares of the auto manufacturer’s stock worth $4,590,333,000 after buying an additional 55,576,478 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Ford Motor by 8.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 140,053,906 shares of the auto manufacturer’s stock worth $1,404,741,000 after buying an additional 10,947,527 shares during the last quarter. Pacer Advisors Inc. grew its stake in Ford Motor by 6,915.1% during the 1st quarter. Pacer Advisors Inc. now owns 49,078,048 shares of the auto manufacturer’s stock worth $492,253,000 after buying an additional 48,378,444 shares during the last quarter. Nuveen LLC purchased a new position in Ford Motor during the 1st quarter worth $123,147,000. Finally, National Pension Service grew its stake in Ford Motor by 4.5% during the 1st quarter. National Pension Service now owns 7,544,280 shares of the auto manufacturer’s stock worth $75,669,000 after buying an additional 324,136 shares during the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Stock Performance

Shares of F stock opened at $11.51 on Friday. The stock has a market cap of $45.81 billion, a PE ratio of 14.76, a price-to-earnings-growth ratio of 3.38 and a beta of 1.53. The business has a 50-day simple moving average of $11.65 and a 200-day simple moving average of $10.87. The company has a quick ratio of 0.95, a current ratio of 1.10 and a debt-to-equity ratio of 2.24. Ford Motor Company has a 52-week low of $8.44 and a 52-week high of $12.80.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.04. The business had revenue of $50.18 billion during the quarter, compared to analysts’ expectations of $42.91 billion. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 EPS. On average, equities analysts expect 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. Stockholders of record on Monday, August 11th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend was Monday, August 11th. Ford Motor’s payout ratio is 76.92%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Royal Bank Of Canada boosted their target price on Ford Motor from $10.00 to $11.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 5th. Barclays boosted their target price on Ford Motor from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 16th. Dbs Bank downgraded Ford Motor from a “hold” rating to a “moderate sell” rating in a research note on Monday, August 4th. JPMorgan Chase & Co. lifted their price target on Ford Motor from $12.00 to $13.00 and gave the stock an “overweight” rating in a research report on Monday, July 21st. Finally, Piper Sandler lifted their price target 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 equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently 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.