Ford Motor (NYSE:F) Stake Lifted by Edgestream Partners L.P.

Edgestream Partners L.P. raised its stake in Ford Motor (NYSE:F) by 29.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 473,296 shares of the auto manufacturer’s stock after buying an additional 106,683 shares during the quarter. Edgestream Partners L.P.’s holdings in Ford Motor were worth $5,935,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Olistico Wealth LLC acquired a new position in shares of Ford Motor during the second quarter valued at $25,000. Fortis Group Advisors LLC grew its position in Ford Motor by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock valued at $26,000 after buying an additional 1,086 shares in the last quarter. Family Firm Inc. acquired a new position in Ford Motor during the 2nd quarter valued at about $26,000. Voisard Asset Management Group Inc. bought a new stake in shares of Ford Motor during the 4th quarter worth about $27,000. Finally, Financial Synergies Wealth Advisors Inc. lifted its stake in shares of Ford Motor by 1,997.9% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock worth $27,000 after acquiring an additional 1,938 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Sanford C. Bernstein started coverage on Ford Motor in a report on Thursday, May 23rd. They set an “outperform” rating and a $16.00 target price on the stock. Barclays decreased their target price on Ford Motor from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Wells Fargo & Company dropped their price target on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 10th. Wolfe Research began coverage on shares of Ford Motor in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. Finally, StockNews.com upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Ford Motor presently has an average rating of “Hold” and a consensus price target of $12.95.

Ford Motor Price Performance

Shares of F opened at $10.80 on Tuesday. The business’s 50-day moving average is $11.43 and its 200-day moving average is $12.08. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.17 and a quick ratio of 1.00. The company has a market capitalization of $43.12 billion, a price-to-earnings ratio of 11.13, a P/E/G ratio of 0.76 and a beta of 1.62. Ford Motor has a fifty-two week low of $9.49 and a fifty-two week high of $14.85.

Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.21). Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The company had revenue of $47.81 billion during the quarter, compared to analyst estimates of $47.79 billion. During the same quarter in the prior year, the company posted $0.72 EPS. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. Equities research analysts expect that Ford Motor will post 1.88 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 7th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.56%. The ex-dividend date of this dividend was Wednesday, August 7th. Ford Motor’s payout ratio is currently 61.86%.

About Ford Motor

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company 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.