Hennessy Advisors Inc. Acquires 93,898 Shares of Ford Motor Company $F

Hennessy Advisors Inc. grew its holdings in Ford Motor Company (NYSE:F) by 21.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 533,798 shares of the auto manufacturer’s stock after acquiring an additional 93,898 shares during the period. Hennessy Advisors Inc.’s holdings in Ford Motor were worth $7,420,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Caxton Associates LLP acquired a new stake in shares of Ford Motor during the 1st quarter valued at about $304,000. Empowered Funds LLC raised its position in Ford Motor by 41.6% in the first quarter. Empowered Funds LLC now owns 147,760 shares of the auto manufacturer’s stock worth $1,482,000 after purchasing an additional 43,385 shares in the last quarter. Jump Financial LLC acquired a new position in Ford Motor in the second quarter worth about $172,000. NewEdge Advisors LLC lifted its stake in Ford Motor by 26.3% during the second quarter. NewEdge Advisors LLC now owns 267,895 shares of the auto manufacturer’s stock worth $2,907,000 after purchasing an additional 55,741 shares during the period. Finally, Treasurer of the State of North Carolina lifted its stake in Ford Motor by 1.5% during the second quarter. Treasurer of the State of North Carolina now owns 1,823,614 shares of the auto manufacturer’s stock worth $19,786,000 after purchasing an additional 26,526 shares during the period. 58.74% of the stock is owned by institutional investors.

Ford Motor Price Performance

NYSE:F opened at $13.89 on Friday. 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 $55.39 billion, a PE ratio of -7.43, a price-to-earnings-growth ratio of 0.29 and a beta of 1.82. Ford Motor Company has a 12 month low of $11.11 and a 12 month high of $17.78. The company’s 50-day moving average price is $14.09 and its two-hundred day moving average price is $13.52.

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 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 analysts’ expectations of $47.24 billion. During the same quarter in the previous year, the company posted $0.37 earnings per share. Ford Motor’s quarterly revenue was down 3.8% compared to the same quarter last year. On average, equities analysts anticipate that Ford Motor Company will post 1.86 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be issued 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 dividend payout ratio (DPR) is currently -32.09%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. TD Cowen upped their price objective on Ford Motor from $13.00 to $15.00 and gave the company a “hold” rating in a research note on Wednesday, July 29th. Jefferies Financial Group raised Ford Motor from a “hold” rating to a “buy” rating and increased their target price for the stock from $14.50 to $17.50 in a report on Monday, July 27th. Royal Bank Of Canada boosted their price target on Ford Motor from $13.00 to $15.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 29th. Dbs Bank upgraded Ford Motor from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, August 11th. Finally, Zacks Research cut Ford Motor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.68.

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.