CrossGen Wealth LLC Takes Position in Ford Motor Company $F

CrossGen Wealth LLC purchased a new stake in Ford Motor Company (NYSE:F) in the 4th quarter, HoldingsChannel reports. The firm purchased 44,196 shares of the auto manufacturer’s stock, valued at approximately $580,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Grove Bank & Trust lifted its stake in Ford Motor by 110.7% in the fourth quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock valued at $25,000 after acquiring an additional 1,000 shares during the last quarter. McMillan Office Inc. bought a new position in shares of Ford Motor during the 4th quarter valued at $26,000. Olistico Wealth LLC acquired a new stake in shares of Ford Motor in the 4th quarter valued at $26,000. Murphy Middleton Hinkle & Parker Inc. acquired a new stake in shares of Ford Motor in the 4th quarter valued at $29,000. Finally, Johnson Financial Group Inc. lifted its stake in shares of Ford Motor by 55.4% in the 3rd quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock valued at $28,000 after purchasing an additional 837 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on F shares. Bank of America increased their target price on shares of Ford Motor from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. TD Cowen decreased their price target on Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a research note on Friday, May 1st. Morgan Stanley reissued an “equal weight” rating and set a $14.00 price objective on shares of Ford Motor in a report on Wednesday, May 13th. Wall Street Zen raised Ford Motor from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Finally, The Goldman Sachs Group boosted their target price on Ford Motor from $13.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, June 11th. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $14.63.

Ford Motor Stock Performance

Shares of F opened at $14.04 on Friday. The company has a market capitalization of $55.96 billion, a PE ratio of -9.06, a price-to-earnings-growth ratio of 0.30 and a beta of 1.79. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.09 and a quick ratio of 0.94. Ford Motor Company has a one year low of $10.42 and a one year high of $17.78. The company’s fifty day moving average price is $13.67 and its 200 day moving average price is $13.32.

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

Ford Motor Announces Dividend

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

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.