Summit Securities Group LLC Lowers Holdings in Ford Motor Company $F

Summit Securities Group LLC lowered its position in Ford Motor Company (NYSE:F) by 92.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,045 shares of the auto manufacturer’s stock after selling 79,079 shares during the quarter. Summit Securities Group LLC’s holdings in Ford Motor were worth $70,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Grove Bank & Trust raised its position in Ford Motor by 110.7% during the 4th quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock valued at $25,000 after purchasing an additional 1,000 shares in the last quarter. MV Capital Management Inc. bought a new position in shares of Ford Motor during the 4th quarter worth $25,000. McMillan Office Inc. bought a new position in shares of Ford Motor during the 4th quarter worth $26,000. Olistico Wealth LLC bought a new position in shares of Ford Motor during the 4th quarter worth $26,000. Finally, Murphy Middleton Hinkle & Parker Inc. purchased a new position in shares of Ford Motor during the fourth quarter valued at $29,000. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Stock Up 2.8%

Shares of F traded up $0.39 during trading hours on Friday, hitting $13.99. The company had a trading volume of 47,055,402 shares, compared to its average volume of 47,879,128. The company has a market capitalization of $55.77 billion, a PE ratio of -9.03, a price-to-earnings-growth ratio of 0.30 and a beta of 1.82. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 2.84. Ford Motor Company has a one year low of $10.68 and a one year high of $17.78. The company’s fifty day moving average price is $14.10 and its two-hundred day moving average price is $13.38.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.48. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The company had revenue of $43.25 billion for the quarter, compared to the consensus estimate of $42.66 billion. During the same quarter last year, the company earned $0.14 earnings per share. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, equities analysts forecast that Ford Motor Company will post 1.64 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Tuesday, May 12th. Ford Motor’s dividend payout ratio (DPR) is currently -38.71%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on F. Wall Street Zen upgraded Ford Motor from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. The Goldman Sachs Group increased their target price on shares of Ford Motor from $13.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, June 11th. Weiss Ratings reissued a “buy (b)” rating on shares of Ford Motor in a research report on Wednesday, June 24th. UBS Group boosted their price target on shares of Ford Motor from $14.00 to $17.00 and gave the company a “buy” rating in a report on Monday, June 8th. Finally, Zacks Research raised shares of Ford Motor from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ford Motor currently has an average rating of “Hold” and a consensus target price of $14.77.

Ford Motor Company Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.