Parkside Financial Bank & Trust increased its holdings in shares of Ford Motor (NYSE:F – Get Rating) by 15.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 7,345 shares of the auto manufacturer’s stock after purchasing an additional 999 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Ford Motor were worth $82,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Thompson Siegel & Walmsley LLC acquired a new position in Ford Motor during the first quarter valued at approximately $25,000. Ten Capital Wealth Advisors LLC acquired a new position in Ford Motor during the first quarter valued at approximately $25,000. Mark Sheptoff Financial Planning LLC grew its holdings in Ford Motor by 199.2% during the first quarter. Mark Sheptoff Financial Planning LLC now owns 1,505 shares of the auto manufacturer’s stock valued at $25,000 after purchasing an additional 1,002 shares during the period. Core Alternative Capital grew its holdings in Ford Motor by 390.2% during the first quarter. Core Alternative Capital now owns 1,696 shares of the auto manufacturer’s stock valued at $29,000 after purchasing an additional 1,350 shares during the period. Finally, Hanson & Doremus Investment Management acquired a new position in Ford Motor during the first quarter valued at approximately $34,000. 49.89% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the stock. Benchmark decreased their price objective on shares of Ford Motor to $23.00 in a report on Tuesday, August 9th. Citigroup reduced their price target on shares of Ford Motor from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, August 2nd. Morgan Stanley upped their price target on shares of Ford Motor from $13.00 to $14.00 and gave the company an “equal weight” rating in a report on Tuesday, August 2nd. Wells Fargo & Company reduced their price target on shares of Ford Motor from $12.00 to $10.00 and set an “underweight” rating for the company in a report on Monday, July 11th. Finally, Bank of America reduced their price target on shares of Ford Motor from $32.00 to $28.00 and set a “buy” rating for the company in a report on Friday, September 9th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $18.28.
Ford Motor Stock Performance
Ford Motor (NYSE:F – Get Rating) last posted its quarterly earnings results on Wednesday, July 27th. The auto manufacturer reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.24. Ford Motor had a net margin of 7.86% and a return on equity of 16.91%. The firm had revenue of $37.91 billion for the quarter, compared to analyst estimates of $35.17 billion. During the same period in the prior year, the firm posted $0.13 earnings per share. The company’s quarterly revenue was up 57.1% compared to the same quarter last year. As a group, research analysts anticipate that Ford Motor will post 2.09 EPS for the current year.
Ford Motor Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, August 11th were given a dividend of $0.15 per share. This is a positive change from Ford Motor’s previous quarterly dividend of $0.10. This represents a $0.60 annualized dividend and a yield of 4.70%. The ex-dividend date was Wednesday, August 10th. Ford Motor’s dividend payout ratio is 20.98%.
Ford Motor Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford trucks, cars, sport utility vehicles, electrified vehicles, and Lincoln luxury vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.
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