Ford Motor Company $F Shares Purchased by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC increased its holdings in shares of Ford Motor Company (NYSE:F) by 43.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 193,856 shares of the auto manufacturer’s stock after buying an additional 58,982 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Ford Motor were worth $2,695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Daiichi Life Insurance Co. Ltd. boosted its holdings in Ford Motor by 46.3% in the second quarter. Daiichi Life Insurance Co. Ltd. now owns 142,263 shares of the auto manufacturer’s stock worth $1,977,000 after acquiring an additional 45,000 shares in the last quarter. Commerce Bank grew its stake in shares of Ford Motor by 2.4% during the second quarter. Commerce Bank now owns 78,068 shares of the auto manufacturer’s stock worth $1,085,000 after acquiring an additional 1,817 shares during the last quarter. Madison Wealth Partners Inc increased its holdings in shares of Ford Motor by 14.4% during the second quarter. Madison Wealth Partners Inc now owns 15,098 shares of the auto manufacturer’s stock valued at $210,000 after acquiring an additional 1,895 shares in the last quarter. EP Wealth Advisors LLC increased its holdings in shares of Ford Motor by 52.5% during the second quarter. EP Wealth Advisors LLC now owns 173,791 shares of the auto manufacturer’s stock valued at $2,416,000 after acquiring an additional 59,813 shares in the last quarter. Finally, Rakuten Securities Inc. raised its position in shares of Ford Motor by 778.7% in the 2nd quarter. Rakuten Securities Inc. now owns 10,079 shares of the auto manufacturer’s stock valued at $140,000 after purchasing an additional 8,932 shares during the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Bank of America lifted their target price on shares of Ford Motor from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Morgan Stanley restated an “equal weight” rating and set a $14.00 price target on shares of Ford Motor in a research note on Wednesday, May 13th. Royal Bank Of Canada raised their price target on shares of Ford Motor from $13.00 to $15.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ford Motor in a research note on Wednesday, June 24th. Finally, The Goldman Sachs Group boosted their price objective on shares of Ford Motor from $13.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, June 11th. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Ford Motor currently has an average rating of “Hold” and an average target price of $15.68.

Ford Motor Price Performance

Shares of NYSE F opened at $14.44 on Monday. Ford Motor Company has a 52 week low of $11.11 and a 52 week high of $17.78. The business’s 50 day moving average price is $14.12 and its 200 day moving average price is $13.51. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07. The firm has a market cap of $57.58 billion, a P/E ratio of -7.72, a P/E/G ratio of 0.30 and a beta of 1.82.

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, topping analysts’ consensus estimates of $0.33 by $0.09. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The company had revenue of $48.30 billion during the quarter, compared to analyst estimates of $47.24 billion. During the same period last year, the firm posted $0.37 EPS. Ford Motor’s revenue for the quarter was down 3.8% compared to the same quarter last year. On average, sell-side analysts expect that Ford Motor Company will post 1.86 earnings per share for the current 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 is Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.2%. Ford Motor’s dividend payout ratio is presently -32.09%.

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.