Belpointe Asset Management LLC Grows Stock Position in Ford Motor Company $F

Belpointe Asset Management LLC lifted its stake in Ford Motor Company (NYSE:F) by 155.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,595 shares of the auto manufacturer’s stock after buying an additional 25,918 shares during the quarter. Belpointe Asset Management LLC’s holdings in Ford Motor were worth $462,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of 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 acquiring an additional 55,576,478 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of 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 period. Nuveen LLC purchased a new stake in Ford Motor in the 1st quarter worth $123,147,000. Charles Schwab Investment Management Inc. grew its position in shares of Ford Motor by 8.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 140,053,906 shares of the auto manufacturer’s stock valued at $1,404,741,000 after purchasing an additional 10,947,527 shares during the period. Finally, Aberdeen Group plc lifted its stake in Ford Motor by 150.6% in the 1st quarter. Aberdeen Group plc now owns 7,264,106 shares of the auto manufacturer’s stock valued at $72,169,000 after buying an additional 4,365,125 shares in the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

F has been the subject of several research reports. Barclays boosted their price target on Ford Motor from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 16th. The Goldman Sachs Group increased their price target on Ford Motor from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, September 29th. UBS Group boosted their price target on shares of Ford Motor from $11.00 to $12.50 and gave the company a “neutral” rating in a research report on Monday. Dbs Bank cut shares of Ford Motor from a “hold” rating to a “moderate sell” rating in a research note on Monday, August 4th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Ford Motor from $12.00 to $13.00 and gave the company an “overweight” rating in a research report on Monday, July 21st. Two investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $11.04.

Ford Motor Stock Performance

Shares of Ford Motor stock opened at $11.51 on Friday. The stock has a market capitalization of $45.81 billion, a price-to-earnings ratio of 14.76, a price-to-earnings-growth ratio of 3.38 and a beta of 1.53. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.10 and a quick ratio of 0.95. The business has a 50-day moving average of $11.65 and a 200 day moving average of $10.87. Ford Motor Company has a 12 month low of $8.44 and a 12 month high of $12.80.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The company had revenue of $50.18 billion for the quarter, compared to analyst estimates of $42.91 billion. During the same period in the prior year, the firm earned $0.47 earnings per share. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 5.2%. Ford Motor’s dividend payout ratio is 76.92%.

About Ford Motor

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.