Texas Capital Bank Wealth Management Services Inc Takes Position in Ford Motor Company $F

Texas Capital Bank Wealth Management Services Inc acquired a new position in Ford Motor Company (NYSE:F) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 124,463 shares of the auto manufacturer’s stock, valued at approximately $1,730,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in Ford Motor during the 2nd quarter valued at about $4,649,131,000. Bank of New York Mellon Corp purchased a new position in Ford Motor in the 2nd quarter worth approximately $717,218,000. Norges Bank purchased a new position in Ford Motor in the 4th quarter worth approximately $674,437,000. Deutsche Bank AG bought a new stake in Ford Motor in the second quarter valued at approximately $267,563,000. Finally, Marshall Wace LLP lifted its position in Ford Motor by 81.1% in the third 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 last quarter. Institutional investors own 58.74% of the company’s stock.

Analyst Ratings Changes

F has been the topic of several recent analyst reports. Citigroup upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and raised their target price for the stock from $19.00 to $20.00 in a report on Wednesday, July 29th. Wells Fargo & Company upped their price target on shares of Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a report on Thursday, June 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Ford Motor in a research report on Wednesday, June 24th. Piper Sandler raised their price target on shares of Ford Motor from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Ford Motor from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Ford Motor has a consensus rating of “Hold” and a consensus target price of $15.68.

Ford Motor Trading Down 2.1%

NYSE F opened at $14.07 on Tuesday. The stock has a market cap of $56.11 billion, a P/E ratio of -7.52, a price-to-earnings-growth ratio of 0.30 and a beta of 1.82. Ford Motor Company has a fifty-two week low of $11.11 and a fifty-two week high of $17.78. The stock has a 50 day simple moving average of $14.16 and a two-hundred day simple moving average of $13.50. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.93 and a current ratio of 1.09.

Ford Motor (NYSE:F) last posted its 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. The firm had revenue of $48.30 billion for the quarter, compared to analysts’ expectations of $47.24 billion. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.The business’s revenue was down 3.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.37 earnings per share. On average, analysts forecast that Ford Motor Company will post 1.86 earnings per share for the current year.

Ford Motor Announces Dividend

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

Ford Motor Company 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.