Premier Path Wealth Partners LLC Sells 3,600 Shares of Ford Motor (NYSE:F)

Premier Path Wealth Partners LLC decreased its stake in Ford Motor (NYSE:F) by 16.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,784 shares of the auto manufacturer’s stock after selling 3,600 shares during the period. Premier Path Wealth Partners LLC’s holdings in Ford Motor were worth $236,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in F. Pinnacle Associates Ltd. grew its position in shares of Ford Motor by 2.6% during the 1st quarter. Pinnacle Associates Ltd. now owns 32,527 shares of the auto manufacturer’s stock valued at $432,000 after acquiring an additional 817 shares during the period. Annis Gardner Whiting Capital Advisors LLC lifted its stake in Ford Motor by 29.8% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 3,604 shares of the auto manufacturer’s stock valued at $44,000 after purchasing an additional 828 shares during the last quarter. Legacy Wealth Asset Management LLC grew its holdings in Ford Motor by 1.7% during the first quarter. Legacy Wealth Asset Management LLC now owns 48,916 shares of the auto manufacturer’s stock valued at $650,000 after purchasing an additional 836 shares during the period. Insight Wealth Partners LLC increased its position in Ford Motor by 1.9% in the second quarter. Insight Wealth Partners LLC now owns 44,144 shares of the auto manufacturer’s stock worth $554,000 after buying an additional 843 shares during the last quarter. Finally, Pallas Capital Advisors LLC raised its stake in shares of Ford Motor by 2.9% in the second quarter. Pallas Capital Advisors LLC now owns 29,850 shares of the auto manufacturer’s stock valued at $374,000 after buying an additional 846 shares during the period. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Price Performance

NYSE:F traded up $0.35 during trading hours on Friday, hitting $11.27. 64,535,628 shares of the company’s stock traded hands, compared to its average volume of 54,735,793. The firm has a market cap of $44.97 billion, a P/E ratio of 11.61, a P/E/G ratio of 0.75 and a beta of 1.62. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 2.30. The business’s fifty day simple moving average is $11.91 and its two-hundred day simple moving average is $12.26. Ford Motor has a 52 week low of $9.49 and a 52 week high of $14.85.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, July 24th. The auto manufacturer reported $0.47 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.21). The business had revenue of $47.81 billion for the quarter, compared to analysts’ expectations of $47.79 billion. Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 EPS. On average, research analysts anticipate that Ford Motor will post 1.94 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 7th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.33%. The ex-dividend date is Wednesday, August 7th. Ford Motor’s dividend payout ratio (DPR) is currently 61.86%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on F. Sanford C. Bernstein started coverage on Ford Motor in a report on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 price objective for the company. Royal Bank of Canada reduced their target price on shares of Ford Motor from $13.00 to $10.00 and set a “sector perform” rating for the company in a research note on Monday, August 12th. Citigroup upped their price target on shares of Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. The Goldman Sachs Group reduced their price objective on shares of Ford Motor from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, July 25th. Finally, Evercore ISI upgraded Ford Motor to a “hold” rating in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Ford Motor has an average rating of “Hold” and a consensus target price of $13.48.

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.