Ford Motor Company $F Shares Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management lifted its holdings in shares of Ford Motor Company (NYSE:F) by 860.5% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 160,458 shares of the auto manufacturer’s stock after acquiring an additional 143,752 shares during the period. Ritholtz Wealth Management’s holdings in Ford Motor were worth $1,852,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Caxton Associates LLP acquired a new position in Ford Motor during the 1st quarter valued at approximately $304,000. Empowered Funds LLC lifted its stake in shares of Ford Motor by 41.6% during the first quarter. Empowered Funds LLC now owns 147,760 shares of the auto manufacturer’s stock worth $1,482,000 after buying an additional 43,385 shares during the period. Jump Financial LLC purchased a new stake in shares of Ford Motor during the second quarter valued at $172,000. NewEdge Advisors LLC grew its holdings in shares of Ford Motor by 26.3% during the second quarter. NewEdge Advisors LLC now owns 267,895 shares of the auto manufacturer’s stock valued at $2,907,000 after buying an additional 55,741 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its position in shares of Ford Motor by 1.5% in the 2nd quarter. Treasurer of the State of North Carolina now owns 1,823,614 shares of the auto manufacturer’s stock valued at $19,786,000 after acquiring an additional 26,526 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

F has been the subject of a number of research analyst reports. The Goldman Sachs Group raised their target price on Ford Motor from $13.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, June 11th. Morgan Stanley reissued an “equal weight” rating and issued a $14.00 price objective on shares of Ford Motor in a report on Wednesday, May 13th. Royal Bank Of Canada restated a “sector perform” rating and issued a $13.00 price objective on shares of Ford Motor in a research note on Friday, May 15th. TD Cowen decreased their target price on Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a report on Friday, May 1st. Finally, Bank of America upped their target price on Ford Motor from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Ford Motor presently has an average rating of “Hold” and an average price target of $14.70.

Ford Motor Price Performance

Shares of F opened at $14.11 on Friday. The business’s 50-day moving average is $13.88 and its two-hundred day moving average is $13.36. The company has a market capitalization of $56.22 billion, a P/E ratio of -9.10, a P/E/G ratio of 0.31 and a beta of 1.79. Ford Motor Company has a fifty-two week low of $10.68 and a fifty-two week high of $17.78. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.94 and a current ratio of 1.09.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.48. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The business had revenue of $43.25 billion during the quarter, compared to analysts’ expectations of $42.66 billion. During the same quarter in the previous year, the firm posted $0.14 EPS. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. Research analysts predict that Ford Motor Company will post 1.64 earnings per share for the current year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.60 dividend on an annualized basis and a yield of 4.3%. Ford Motor’s payout ratio is presently -38.71%.

Ford Motor Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.