Syverson Strege & Co Purchases New Position in Ford Motor Company $F

Syverson Strege & Co purchased a new stake in shares of Ford Motor Company (NYSE:F) in the 2nd quarter, Holdings Channel reports. The fund purchased 25,605 shares of the auto manufacturer’s stock, valued at approximately $278,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Parcion Private Wealth LLC increased its position in shares of Ford Motor by 7.9% during the second quarter. Parcion Private Wealth LLC now owns 12,557 shares of the auto manufacturer’s stock valued at $136,000 after acquiring an additional 919 shares in the last quarter. Wedmont Private Capital grew its position in Ford Motor by 3.0% in the 2nd quarter. Wedmont Private Capital now owns 31,593 shares of the auto manufacturer’s stock worth $374,000 after purchasing an additional 934 shares during the period. Convergence Investment Partners LLC grew its position in Ford Motor by 7.4% in the 2nd quarter. Convergence Investment Partners LLC now owns 13,707 shares of the auto manufacturer’s stock worth $149,000 after purchasing an additional 941 shares during the period. Hemington Wealth Management grew its position in Ford Motor by 30.9% in the 2nd quarter. Hemington Wealth Management now owns 4,016 shares of the auto manufacturer’s stock worth $43,000 after purchasing an additional 947 shares during the period. Finally, Meriwether Wealth & Planning LLC grew its position 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 worth $165,000 after purchasing an additional 985 shares during the period. Institutional investors own 58.74% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on F. Barclays lifted their target price on shares of Ford Motor from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Monday, October 27th. The Goldman Sachs Group lifted their target price on shares of Ford Motor from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, September 29th. Jefferies Financial Group raised shares of Ford Motor from an “underperform” rating to a “hold” rating and lifted their target price for the stock from $9.00 to $12.00 in a research report on Monday, October 6th. UBS Group lifted their target price on shares of Ford Motor from $11.00 to $12.50 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Finally, Wall Street Zen raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. Two research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $11.73.

Ford Motor Trading Up 0.5%

NYSE:F opened at $13.13 on Friday. Ford Motor Company has a 52 week low of $8.44 and a 52 week high of $13.97. The firm has a 50 day moving average of $12.01 and a 200 day moving average of $11.20. The company has a quick ratio of 0.98, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. The stock has a market capitalization of $52.24 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 4.03 and a beta of 1.53.

Ford Motor (NYSE:F) last posted its earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. Ford Motor had a net margin of 2.48% and a return on equity of 11.94%. The company had revenue of $50.53 billion during the quarter, compared to analysts’ expectations of $43.08 billion. During the same quarter in the prior year, the company posted $0.49 earnings per share. Ford Motor’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 7th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 4.6%. Ford Motor’s dividend payout ratio is presently 51.72%.

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.