Wedmont Private Capital Purchases 4,255 Shares of Ford Motor (NYSE:F)

Wedmont Private Capital grew its position in Ford Motor (NYSE:F) by 33.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,124 shares of the auto manufacturer’s stock after purchasing an additional 4,255 shares during the quarter. Wedmont Private Capital’s holdings in Ford Motor were worth $232,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of F. Norges Bank bought a new position in Ford Motor during the fourth quarter worth $475,899,000. Coatue Management LLC bought a new position in Ford Motor during the fourth quarter worth $149,152,000. Newport Trust Company LLC increased its position in Ford Motor by 4.5% during the fourth quarter. Newport Trust Company LLC now owns 155,177,214 shares of the auto manufacturer’s stock worth $1,891,610,000 after acquiring an additional 6,667,808 shares during the period. Fisher Asset Management LLC boosted its stake in Ford Motor by 6.3% during the fourth quarter. Fisher Asset Management LLC now owns 59,152,154 shares of the auto manufacturer’s stock worth $721,065,000 after buying an additional 3,522,965 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its stake in Ford Motor by 1,084.8% during the fourth quarter. International Assets Investment Management LLC now owns 2,696,966 shares of the auto manufacturer’s stock worth $32,876,000 after buying an additional 2,469,344 shares in the last quarter. Institutional investors own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

F has been the topic of a number of recent research reports. Sanford C. Bernstein initiated coverage on shares of Ford Motor in a research note on Thursday, May 23rd. They set an “outperform” rating and a $16.00 price target on the stock. Barclays lifted their price target on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Royal Bank of Canada lifted their price target on shares of Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 25th. UBS Group lifted their price target on shares of Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Finally, Piper Sandler initiated coverage on shares of Ford Motor in a research note on Friday, March 15th. They set a “neutral” rating and a $13.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $13.89.

Insiders Place Their Bets

In other Ford Motor news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $12.09, for a total transaction of $982,119.06. Following the completion of the sale, the director now directly owns 168,601 shares of the company’s stock, valued at approximately $2,038,386.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.80% of the company’s stock.

Ford Motor Stock Down 0.8 %

Shares of NYSE F opened at $11.84 on Friday. The firm’s 50-day simple moving average is $12.19 and its 200 day simple moving average is $12.19. The company has a market cap of $47.27 billion, a price-to-earnings ratio of 12.21, a price-to-earnings-growth ratio of 0.77 and a beta of 1.61. The company has a quick ratio of 0.99, a current ratio of 1.17 and a debt-to-equity ratio of 2.32. Ford Motor has a 12-month low of $9.63 and a 12-month high of $15.42.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.07. The business had revenue of $42.78 billion for the quarter, compared to the consensus estimate of $42.93 billion. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.63 EPS. On average, research analysts expect that Ford Motor will post 2.02 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 8th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.60 annualized dividend and a yield of 5.07%. Ford Motor’s dividend payout ratio (DPR) is 61.86%.

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.