First Merchants Corp Has $174,000 Holdings in Ford Motor Company $F

First Merchants Corp cut its stake in shares of Ford Motor Company (NYSE:F) by 30.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,000 shares of the auto manufacturer’s stock after selling 7,000 shares during the period. First Merchants Corp’s holdings in Ford Motor were worth $174,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Advisors Capital Management LLC grew its stake in shares of Ford Motor by 9.6% during the first quarter. Advisors Capital Management LLC now owns 12,543 shares of the auto manufacturer’s stock worth $126,000 after purchasing an additional 1,100 shares during the period. FORA Capital LLC acquired a new position in Ford Motor in the first quarter valued at about $7,398,000. Generali Investments CEE investicni spolecnost a.s. grew its stake in Ford Motor by 25.0% in the first quarter. Generali Investments CEE investicni spolecnost a.s. now owns 300,000 shares of the auto manufacturer’s stock valued at $3,009,000 after acquiring an additional 60,000 shares during the period. Teza Capital Management LLC acquired a new position in Ford Motor in the first quarter valued at about $465,000. Finally, Quantitative Investment Management LLC acquired a new position in Ford Motor in the first quarter valued at about $2,373,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Stock Performance

Shares of Ford Motor stock opened at $11.51 on Friday. Ford Motor Company has a one year low of $8.44 and a one year high of $12.80. The firm has a market cap 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 stock’s 50-day moving average is $11.65 and its 200-day moving average is $10.87.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 EPS for the quarter, beating the consensus estimate of $0.33 by $0.04. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.The firm had revenue of $50.18 billion during the quarter, compared to analysts’ expectations of $42.91 billion. During the same period in the prior year, the firm posted $0.47 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. Equities analysts predict that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on F. UBS Group boosted their target price on Ford Motor from $11.00 to $12.50 and gave the company a “neutral” rating in a research note on Monday. The Goldman Sachs Group boosted their target price on Ford Motor from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Monday, September 29th. Piper Sandler boosted their target price on Ford Motor from $9.00 to $9.50 and gave the company a “neutral” rating in a research note on Thursday, July 31st. Weiss Ratings reissued a “hold (c-)” rating on shares of Ford Motor in a research note on Saturday, September 27th. Finally, JPMorgan Chase & Co. boosted their price target on Ford Motor from $12.00 to $13.00 and gave the company an “overweight” rating in a report on Monday, July 21st. Two analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $11.04.

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.