Elevation Point Wealth Partners LLC Raises Stock Holdings in Ford Motor Company $F

Elevation Point Wealth Partners LLC increased its holdings in shares of Ford Motor Company (NYSE:F) by 43.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 193,856 shares of the auto manufacturer’s stock after acquiring an additional 58,982 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Ford Motor were worth $2,695,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of F. Norges Bank purchased a new stake in shares of Ford Motor in the 4th quarter worth $674,437,000. SBI Okasan Asset Management Co.Ltd. purchased a new position in shares of Ford Motor during the fourth quarter valued at $1,769,000. TD Asset Management Inc raised its holdings in shares of Ford Motor by 11.0% in the fourth quarter. TD Asset Management Inc now owns 1,908,234 shares of the auto manufacturer’s stock valued at $25,036,000 after acquiring an additional 189,310 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Ford Motor by 22.4% in the first quarter. Public Employees Retirement System of Ohio now owns 2,001,319 shares of the auto manufacturer’s stock valued at $23,095,000 after acquiring an additional 366,218 shares in the last quarter. Finally, Wealthfront Advisers LLC bought a new stake in shares of Ford Motor in the second quarter valued at about $11,492,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Price Performance

F opened at $14.44 on Monday. The business’s 50-day moving average is $14.12 and its two-hundred day moving average is $13.51. Ford Motor Company has a 1 year low of $11.11 and a 1 year high of $17.78. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.09 and a quick ratio of 0.93. The firm has a market capitalization of $57.58 billion, a PE ratio of -7.72, a price-to-earnings-growth ratio of 0.30 and a beta of 1.82.

Ford Motor (NYSE:F) last released its quarterly earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS for the quarter, beating the consensus estimate of $0.33 by $0.09. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The business had revenue of $48.30 billion during the quarter, compared to analyst estimates of $47.24 billion. During the same period in the prior year, the firm posted $0.37 earnings per share. The company’s quarterly revenue was down 3.8% on a year-over-year basis. Research analysts anticipate that Ford Motor Company will post 1.86 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 Tuesday, September 1st. Investors of record on Tuesday, August 11th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 4.2%. Ford Motor’s dividend payout ratio is presently -32.09%.

Analysts Set New Price Targets

Several research analysts have issued reports on F shares. Dbs Bank upgraded shares of Ford Motor from a “hold” rating to a “moderate buy” rating in a report on Tuesday, August 11th. Citigroup upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and boosted their price target for the company from $19.00 to $20.00 in a report on Wednesday, July 29th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $14.00 price target on shares of Ford Motor in a research report on Wednesday, May 13th. Jefferies Financial Group upgraded shares of Ford Motor from a “hold” rating to a “buy” rating and increased their price objective for the company from $14.50 to $17.50 in a research note on Monday, July 27th. Finally, TD Cowen lifted their price objective on shares of Ford Motor from $13.00 to $15.00 and gave the company a “hold” rating in a report on Wednesday, July 29th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Ford Motor presently has a consensus rating of “Hold” and an average target price of $15.68.

Ford Motor 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.