Grimes & Company Inc. Purchases New Holdings in Ford Motor Company $F

Grimes & Company Inc. purchased a new stake in Ford Motor Company (NYSE:F) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 12,846 shares of the auto manufacturer’s stock, valued at approximately $139,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Grove Bank & Trust lifted its stake in Ford Motor by 289.1% in the 1st quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer’s stock valued at $25,000 after buying an additional 1,882 shares in the last quarter. Elite Financial Inc. purchased a new position in Ford Motor in the 1st quarter valued at about $27,000. Olde Wealth Management LLC purchased a new position in Ford Motor in the 1st quarter worth approximately $28,000. MorganRosel Wealth Management LLC purchased a new position in Ford Motor in the 1st quarter worth approximately $30,000. Finally, WPG Advisers LLC purchased a new position in Ford Motor in the 1st quarter worth approximately $33,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on F shares. Barclays raised their target price on shares of Ford Motor from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 16th. Piper Sandler raised their target price on shares of Ford Motor from $9.00 to $9.50 and gave the stock a “neutral” rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. raised their target price on shares of Ford Motor from $12.00 to $13.00 and gave the stock an “overweight” rating in a research note on Monday, July 21st. Dbs Bank lowered shares of Ford Motor from a “hold” rating to a “moderate sell” rating in a research note on Monday, August 4th. Finally, Royal Bank Of Canada raised their target price on shares of Ford Motor from $10.00 to $11.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 5th. Two research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $11.04.

Ford Motor Trading Down 6.1%

NYSE F opened at $11.93 on Wednesday. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.10 and a quick ratio of 0.95. The stock has a market capitalization of $47.46 billion, a P/E ratio of 15.29, a PEG ratio of 3.65 and a beta of 1.53. The firm’s 50-day moving average is $11.63 and its two-hundred day moving average is $10.86. Ford Motor Company has a 12 month low of $8.44 and a 12 month high of $12.80.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. The business 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 business’s revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.47 EPS. On average, sell-side analysts anticipate that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Monday, August 11th. Ford Motor’s dividend payout ratio (DPR) is currently 76.92%.

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.