Ellsworth Advisors LLC Takes $4.03 Million Position in Ford Motor Company $F

Ellsworth Advisors LLC bought a new stake in Ford Motor Company (NYSE:F) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 401,347 shares of the auto manufacturer’s stock, valued at approximately $4,026,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tounjian Advisory Partners LLC purchased a new stake in shares of Ford Motor in the first quarter valued at about $974,000. FORA Capital LLC purchased a new stake in shares of Ford Motor in the first quarter valued at about $7,398,000. Generali Investments CEE investicni spolecnost a.s. boosted its holdings in shares of Ford Motor by 25.0% in the first quarter. Generali Investments CEE investicni spolecnost a.s. now owns 300,000 shares of the auto manufacturer’s stock valued at $3,009,000 after acquiring an additional 60,000 shares in the last quarter. Quantitative Investment Management LLC purchased a new stake in shares of Ford Motor in the first quarter valued at about $2,373,000. Finally, Abundance Wealth Counselors boosted its holdings in shares of Ford Motor by 32.6% in the first quarter. Abundance Wealth Counselors now owns 157,919 shares of the auto manufacturer’s stock valued at $1,594,000 after acquiring an additional 38,794 shares in the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Andrew Frick sold 30,000 shares of the business’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $11.00, for a total transaction of $330,000.00. Following the sale, the insider owned 113,939 shares of the company’s stock, valued at approximately $1,253,329. The trade was a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on F. Wall Street Zen raised shares of Ford Motor from a “sell” rating to a “hold” rating in a report on Sunday, July 20th. Jefferies Financial Group lifted their target price on shares of Ford Motor from $8.00 to $9.00 and gave the company an “underperform” rating in a report on Monday, August 11th. JPMorgan Chase & Co. lifted their target price on shares of Ford Motor from $12.00 to $13.00 and gave the company an “overweight” rating in a report on Monday, July 21st. Royal Bank Of Canada lifted their target price on shares of Ford Motor from $10.00 to $11.00 and gave the company a “sector perform” rating in a report on Tuesday, August 5th. Finally, Barclays lifted their target price on shares of Ford Motor from $9.00 to $11.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. Two analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $10.53.

Ford Motor Stock Down 0.5%

F stock opened at $11.44 on Thursday. The company has a market cap of $45.51 billion, a P/E ratio of 14.66, a P/E/G ratio of 3.30 and a beta of 1.52. Ford Motor Company has a 52 week low of $8.44 and a 52 week high of $11.99. The company’s 50-day moving average price is $11.47 and its 200 day moving average price is $10.55. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 2.24.

Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, July 30th. The auto manufacturer reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. The firm had revenue of $50.18 billion for the quarter, compared to the consensus estimate of $42.91 billion. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The firm’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.47 earnings per share. On average, research analysts expect that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 11th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 5.2%. Ford Motor’s payout ratio is currently 76.92%.

Ford Motor Profile

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.