QRG Capital Management Inc. Has $2.99 Million Stock Holdings in Ford Motor Company (NYSE:F)

QRG Capital Management Inc. grew its holdings in Ford Motor Company (NYSE:F) by 15.5% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 297,691 shares of the auto manufacturer’s stock after buying an additional 39,990 shares during the quarter. QRG Capital Management Inc.’s holdings in Ford Motor were worth $2,986,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of Jackson Hole Trust acquired a new stake in shares of Ford Motor in the fourth quarter valued at $29,000. Flagship Wealth Advisors LLC bought a new position in Ford Motor in the fourth quarter valued at about $30,000. Spurstone Advisory Services LLC bought a new position in Ford Motor in the fourth quarter valued at about $31,000. Wood Tarver Financial Group LLC bought a new position in Ford Motor in the fourth quarter valued at about $31,000. Finally, BankPlus Trust Department bought a new position in Ford Motor in the fourth quarter valued at about $34,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on F. Piper Sandler raised their price target on Ford Motor from $8.50 to $9.00 and gave the company a “neutral” rating in a report on Thursday, May 22nd. Barclays raised their price target on Ford Motor from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Tuesday, May 6th. JPMorgan Chase & Co. raised their price target on Ford Motor from $11.00 to $12.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. TD Cowen began coverage on Ford Motor in a report on Friday, March 7th. They issued a “hold” rating and a $10.00 price target on the stock. Finally, Citigroup raised their price target on Ford Motor from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, May 7th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $10.03.

Ford Motor Price Performance

Ford Motor stock opened at $10.43 on Thursday. The firm has a market capitalization of $41.46 billion, a P/E ratio of 8.34, a PEG ratio of 0.89 and a beta of 1.50. Ford Motor Company has a 1 year low of $8.44 and a 1 year high of $14.85. The business has a 50-day moving average of $10.20 and a 200-day moving average of $9.97. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.26.

Ford Motor (NYSE:F) last released its quarterly earnings data on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.16. Ford Motor had a return on equity of 13.49% and a net margin of 2.74%. The business had revenue of $40.66 billion for the quarter, compared to analysts’ expectations of $35.99 billion. During the same quarter in the previous year, the business posted $0.49 EPS. Ford Motor’s revenue for the quarter was down 6.2% on a year-over-year basis. On average, equities analysts anticipate that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 12th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.76%. The ex-dividend date of this dividend was Monday, May 12th. Ford Motor’s dividend payout ratio (DPR) is presently 48.00%.

Ford Motor Company 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.