Flputnam Investment Management Co. Takes $2.34 Million Position in Ford Motor Company $F

Flputnam Investment Management Co. acquired a new stake in shares of Ford Motor Company (NYSE:F) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 168,230 shares of the auto manufacturer’s stock, valued at approximately $2,338,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. MV Capital Management Inc. acquired a new position in Ford Motor in the fourth quarter valued at approximately $25,000. McMillan Office Inc. acquired a new position in Ford Motor during the 4th quarter valued at approximately $26,000. Johnson Financial Group Inc. boosted its position in Ford Motor by 55.4% during the 3rd quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock valued at $28,000 after purchasing an additional 837 shares during the period. Legacy Wealth Managment LLC ID grew its stake in Ford Motor by 108.4% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock worth $27,000 after buying an additional 1,230 shares during the last quarter. Finally, Garton & Associates Financial Advisors LLC acquired a new stake in Ford Motor in the fourth quarter worth $32,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Price Performance

NYSE F opened at $14.07 on Tuesday. Ford Motor Company has a 12 month low of $11.11 and a 12 month high of $17.78. The firm has a market capitalization of $56.11 billion, a PE ratio of -7.52, a P/E/G ratio of 0.30 and a beta of 1.82. The company’s 50 day simple moving average is $14.16 and its 200 day simple moving average is $13.50. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.09 and a quick ratio of 0.93.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.The firm had revenue of $48.30 billion during the quarter, compared to analyst estimates of $47.24 billion. During the same period last year, the company posted $0.37 EPS. The firm’s quarterly revenue was down 3.8% on a year-over-year basis. As a group, equities research analysts forecast that Ford Motor Company will post 1.86 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 4.3%. Ford Motor’s payout ratio is currently -32.09%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on F. TD Cowen boosted their price target on shares of Ford Motor from $13.00 to $15.00 and gave the company a “hold” rating in a report on Wednesday, July 29th. Jefferies Financial Group raised Ford Motor from a “hold” rating to a “buy” rating and lifted their price target for the company from $14.50 to $17.50 in a report on Monday, July 27th. Citigroup upgraded Ford Motor from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $19.00 to $20.00 in a research report on Wednesday, July 29th. Morgan Stanley restated an “equal weight” rating and issued a $14.00 target price on shares of Ford Motor in a research report on Wednesday, May 13th. Finally, Bank of America lifted their target price on Ford Motor from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $15.68.

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.