Ford Motor Company $F Stock: Mather Group LLC. Boosts Position

Mather Group LLC. raised its holdings in Ford Motor Company (NYSE:F) by 204.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,414 shares of the auto manufacturer’s stock after purchasing an additional 42,618 shares during the period. Mather Group LLC.’s holdings in Ford Motor were worth $765,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of Ford Motor in the second quarter worth $4,649,131,000. State Street Corp raised its holdings in Ford Motor by 0.8% in the second quarter. State Street Corp now owns 194,039,770 shares of the auto manufacturer’s stock valued at $2,697,153,000 after acquiring an additional 1,492,186 shares in the last quarter. Bank of America Corp DE raised its holdings in Ford Motor by 318.0% in the second quarter. Bank of America Corp DE now owns 72,424,686 shares of the auto manufacturer’s stock valued at $1,006,703,000 after acquiring an additional 55,100,244 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Ford Motor in the second quarter valued at $717,218,000. Finally, Dimensional Fund Advisors LP boosted its stake in Ford Motor by 3.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 47,442,901 shares of the auto manufacturer’s stock valued at $547,379,000 after acquiring an additional 1,585,557 shares during the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on F shares. Citigroup raised shares of Ford Motor from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $19.00 to $20.00 in a report on Wednesday, July 29th. TD Cowen upped their target price on shares of Ford Motor from $13.00 to $15.00 and gave the company a “hold” rating in a research note on Wednesday, July 29th. Barclays upped their target price on shares of Ford Motor from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Weiss Ratings cut shares of Ford Motor from a “buy (b)” rating to a “hold (c-)” rating in a research report on Friday, October 2nd. Finally, Piper Sandler increased their price target on shares of Ford Motor from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Seven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $15.36.

Ford Motor Price Performance

Shares of F opened at $12.45 on Friday. Ford Motor Company has a 52 week low of $11.11 and a 52 week high of $17.78. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 3.07. The firm has a market cap of $49.63 billion, a price-to-earnings ratio of -6.66, a PEG ratio of 0.25 and a beta of 1.93. The stock has a 50 day moving average of $13.33 and a 200-day moving average of $13.56.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $48.30 billion for the quarter, compared to analyst estimates of $47.24 billion. During the same period in the prior year, the company posted $0.37 EPS. The business’s revenue was down 3.8% compared to the same quarter last year. As a group, analysts forecast that Ford Motor Company will post 1.86 EPS for the current year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, August 11th. This represents a $0.60 annualized dividend and a yield of 4.8%. Ford Motor’s payout ratio is presently -32.09%.

Ford Motor Company Profile

Ford Motor Co is an American automobile manufacturer that designs, manufactures, markets and services a broad range of vehicles and mobility-related products. Its lineup includes cars, trucks, sport utility vehicles, commercial vehicles and electric vehicles sold under the Ford brand, as well as luxury vehicles marketed through its Lincoln brand.

Founded by Henry Ford in 1903 and headquartered in Dearborn, Michigan, Ford is one of the world’s oldest major automakers. The company helped popularize mass automobile production and continues to serve customers in North America, South America, Europe and other international markets through manufacturing, sales and distribution operations.

Ford organizes its operations around Ford Blue for gasoline and hybrid vehicles, Model e for electric vehicles, and Ford Pro for commercial customers and related services.