Freedom Investment Management Inc. Has $123,000 Stake in Ford Motor Company $F

Freedom Investment Management Inc. trimmed its holdings in Ford Motor Company (NYSE:F) by 24.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,320 shares of the auto manufacturer’s stock after selling 3,603 shares during the period. Freedom Investment Management Inc.’s holdings in Ford Motor were worth $123,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Trust Co. of Toledo NA OH acquired a new position in Ford Motor in the second quarter valued at about $25,000. Elite Financial Inc. acquired a new position in Ford Motor in the first quarter valued at about $27,000. Olde Wealth Management LLC acquired a new position in Ford Motor in the first quarter valued at about $28,000. MorganRosel Wealth Management LLC acquired a new position in Ford Motor in the first quarter valued at about $30,000. Finally, WPG Advisers LLC acquired a new position in Ford Motor in the first quarter valued at about $33,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Royal Bank Of Canada upped their price objective on Ford Motor from $11.00 to $12.00 and gave the stock a “sector perform” rating in a research report on Friday. JPMorgan Chase & Co. upped their price objective on Ford Motor from $13.00 to $14.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. UBS Group upped their price objective on Ford Motor from $11.00 to $12.50 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Piper Sandler upped their price objective on Ford Motor from $9.50 to $11.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, The Goldman Sachs Group upped their price objective on Ford Motor from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, September 29th. Two investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Ford Motor currently has an average rating of “Hold” and a consensus target price of $11.61.

Ford Motor Price Performance

NYSE:F opened at $13.23 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. The stock’s 50 day moving average price is $11.89 and its two-hundred day moving average price is $11.10. The firm has a market capitalization of $52.63 billion, a price-to-earnings ratio of 11.40, a P/E/G ratio of 4.08 and a beta of 1.53. Ford Motor Company has a 12-month low of $8.44 and a 12-month high of $13.97.

Ford Motor (NYSE:F) last released its quarterly earnings data on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.07. The firm had revenue of $50.53 billion for the quarter, compared to analyst estimates of $43.08 billion. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.49 earnings per share. On average, analysts anticipate that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 7th will be paid a $0.15 dividend. The ex-dividend date is Friday, November 7th. This represents a $0.60 annualized dividend and a yield of 4.5%. Ford Motor’s dividend payout ratio is currently 51.72%.

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.