55,703 Shares in Ford Motor Company $F Acquired by TopTier Wealth Management LLC

TopTier Wealth Management LLC bought a new position in shares of Ford Motor Company (NYSE:F) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 55,703 shares of the auto manufacturer’s stock, valued at approximately $672,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. SLT Holdings LLC acquired a new stake in shares of Ford Motor in the third quarter valued at $153,000. V Square Quantitative Management LLC lifted its stake in Ford Motor by 4.3% during the third quarter. V Square Quantitative Management LLC now owns 95,500 shares of the auto manufacturer’s stock valued at $1,152,000 after buying an additional 3,980 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Ford Motor by 5,470.3% during the third quarter. Assenagon Asset Management S.A. now owns 4,290,322 shares of the auto manufacturer’s stock valued at $51,741,000 after buying an additional 4,213,301 shares in the last quarter. Ninety One UK Ltd acquired a new position in shares of Ford Motor in the third quarter worth about $25,000. Finally, Mather Group LLC. boosted its holdings in shares of Ford Motor by 204.9% in the third quarter. Mather Group LLC. now owns 63,414 shares of the auto manufacturer’s stock worth $765,000 after buying an additional 42,618 shares during the period. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

F has been the topic of several analyst reports. TD Cowen lifted their target price on shares of Ford Motor from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Wednesday, July 29th. The Goldman Sachs Group cut their price target on shares of Ford Motor from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Tuesday, October 6th. Dbs Bank upgraded shares of Ford Motor from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, August 11th. Wall Street Zen lowered shares of Ford Motor from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Jefferies Financial Group raised shares of Ford Motor from a “hold” rating to a “buy” rating and raised their price objective for the stock from $14.50 to $17.50 in a research note on Monday, July 27th. Seven investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $15.36.

Ford Motor Price Performance

Shares of F opened at $12.33 on Friday. The company has a market capitalization of $49.15 billion, a price-to-earnings ratio of -6.59, a P/E/G ratio of 0.25 and a beta of 1.93. Ford Motor Company has a fifty-two week low of $11.11 and a fifty-two week 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 business’s 50-day moving average is $13.36 and its 200-day moving average is $13.56.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. The business had revenue of $48.30 billion during the quarter, compared to analyst estimates of $47.24 billion. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The firm’s revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 earnings per share. Equities research analysts expect that Ford Motor Company will post 1.86 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.9%. The ex-dividend date was Tuesday, August 11th. Ford Motor’s dividend payout ratio is currently -32.09%.

About Ford Motor

Ford Motor Co is an American automobile manufacturer that designs, manufactures, markets and services a broad range of vehicles and mobility-related products. Its lineup includes cars, trucks, sport utility vehicles, commercial vehicles and electric vehicles sold under the Ford brand, as well as luxury vehicles marketed through its Lincoln brand.

Founded by Henry Ford in 1903 and headquartered in Dearborn, Michigan, Ford is one of the world’s oldest major automakers. The company helped popularize mass automobile production and continues to serve customers in North America, South America, Europe and other international markets through manufacturing, sales and distribution operations.

Ford organizes its operations around Ford Blue for gasoline and hybrid vehicles, Model e for electric vehicles, and Ford Pro for commercial customers and related services.