WCG Wealth Advisors LLC Purchases New Shares in Ford Motor Company $F

WCG Wealth Advisors LLC purchased a new stake in Ford Motor Company (NYSE:F) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 144,554 shares of the auto manufacturer’s stock, valued at approximately $1,897,000.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Ford Motor by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 471,705,454 shares of the auto manufacturer’s stock valued at $6,188,776,000 after purchasing an additional 4,087,699 shares during the period. Geode Capital Management LLC boosted its stake in Ford Motor by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 106,600,353 shares of the auto manufacturer’s stock valued at $1,394,697,000 after purchasing an additional 1,255,349 shares during the period. Norges Bank bought a new stake in Ford Motor in the 4th quarter valued at $674,437,000. Bank of New York Mellon Corp boosted its stake in Ford Motor by 26.9% in the 4th quarter. Bank of New York Mellon Corp now owns 38,153,383 shares of the auto manufacturer’s stock valued at $500,572,000 after purchasing an additional 8,086,564 shares during the period. Finally, Marshall Wace LLP boosted its stake in Ford Motor by 81.1% in the 3rd quarter. Marshall Wace LLP now owns 35,438,722 shares of the auto manufacturer’s stock valued at $423,847,000 after purchasing an additional 15,866,285 shares during the period. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Price Performance

Shares of NYSE F opened at $14.91 on Friday. The stock has a market capitalization of $59.39 billion, a PE ratio of -9.62, a P/E/G ratio of 0.33 and a beta of 1.79. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.09 and a quick ratio of 0.94. The business has a fifty day moving average price of $13.12 and a two-hundred day moving average price of $13.22. Ford Motor Company has a fifty-two week low of $10.15 and a fifty-two week high of $17.78.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, topping analysts’ consensus estimates 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 company 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 earned $0.14 EPS. Ford Motor’s revenue was up 6.4% on a year-over-year basis. As a group, equities analysts predict that Ford Motor Company will post 1.64 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.0%. Ford Motor’s payout ratio is -38.71%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on F. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $13.00 price objective on shares of Ford Motor in a report on Friday, May 15th. Wall Street Zen cut Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Bank of America lifted their price objective on Ford Motor from $17.00 to $20.00 and gave the company a “buy” rating in a report on Friday, May 29th. The Goldman Sachs Group dropped their price objective on Ford Motor from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. Finally, TD Cowen dropped their price objective on Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a report on Friday, May 1st. Five investment 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 data from MarketBeat, Ford Motor has an average rating of “Hold” and a consensus price target of $14.20.

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.