Bernard Wealth Management Corp. Has $100,000 Stock Holdings in Ford Motor Company $F

Bernard Wealth Management Corp. cut its holdings in Ford Motor Company (NYSE:F) by 13.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 9,175 shares of the auto manufacturer’s stock after selling 1,411 shares during the quarter. Bernard Wealth Management Corp.’s holdings in Ford Motor were worth $100,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wedmont Private Capital lifted its stake in Ford Motor by 3.0% in the 2nd quarter. Wedmont Private Capital now owns 31,593 shares of the auto manufacturer’s stock valued at $374,000 after acquiring an additional 934 shares in the last quarter. Meriwether Wealth & Planning LLC lifted its stake in Ford Motor by 6.9% in the 2nd quarter. Meriwether Wealth & Planning LLC now owns 15,186 shares of the auto manufacturer’s stock valued at $165,000 after acquiring an additional 985 shares in the last quarter. Atlas Capital Advisors Inc. lifted its stake in Ford Motor by 21.2% in the 1st quarter. Atlas Capital Advisors Inc. now owns 5,665 shares of the auto manufacturer’s stock valued at $57,000 after acquiring an additional 989 shares in the last quarter. City Holding Co. lifted its stake in Ford Motor by 47.8% in the 2nd quarter. City Holding Co. now owns 3,090 shares of the auto manufacturer’s stock valued at $34,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Childress Capital Advisors LLC lifted its stake in Ford Motor by 6.2% in the 2nd quarter. Childress Capital Advisors LLC now owns 17,321 shares of the auto manufacturer’s stock valued at $188,000 after acquiring an additional 1,006 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. JPMorgan Chase & Co. boosted their target price on Ford Motor from $12.00 to $13.00 and gave the company an “overweight” rating in a research note on Monday, July 21st. The Goldman Sachs Group upped their price objective on Ford Motor from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, September 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Ford Motor in a research note on Saturday, September 27th. Piper Sandler upped their price objective on Ford Motor from $9.00 to $9.50 and gave the stock a “neutral” rating in a research note on Thursday, July 31st. Finally, Jefferies Financial Group upgraded Ford Motor from an “underperform” rating to a “hold” rating and upped their price objective for the stock from $9.00 to $12.00 in a research note on Monday, October 6th. Two equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $11.04.

Ford Motor Stock Performance

Shares of NYSE F opened at $11.43 on Friday. 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’s fifty day moving average price is $11.67 and its two-hundred day moving average price is $10.88. Ford Motor Company has a one year low of $8.44 and a one year high of $12.80. The firm has a market cap of $45.47 billion, a price-to-earnings ratio of 14.65, a P/E/G ratio of 3.31 and a beta of 1.53.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, July 30th. The auto manufacturer reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.The firm had revenue of $50.18 billion for the quarter, compared to analyst estimates of $42.91 billion. During the same period in the prior year, the firm posted $0.47 EPS. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, equities analysts forecast that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend was Monday, August 11th. Ford Motor’s dividend payout ratio is 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.