Xcel Wealth Management LLC Has $11.87 Million Stake in Ford Motor Company $F

Xcel Wealth Management LLC decreased its holdings in shares of Ford Motor Company (NYSE:F) by 4.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,028,199 shares of the auto manufacturer’s stock after selling 50,477 shares during the period. Ford Motor makes up about 3.3% of Xcel Wealth Management LLC’s portfolio, making the stock its 7th largest position. Xcel Wealth Management LLC’s holdings in Ford Motor were worth $11,865,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Norges Bank acquired a new stake in shares of Ford Motor in the 4th quarter worth about $674,437,000. DLD Asset Management LP bought a new stake in Ford Motor during the 3rd quarter worth approximately $299,000,000. Marshall Wace LLP increased its holdings in Ford Motor by 81.1% during the 3rd quarter. Marshall Wace LLP now owns 35,438,722 shares of the auto manufacturer’s stock worth $423,847,000 after purchasing an additional 15,866,285 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Ford Motor by 610.1% in the fourth quarter. AQR Capital Management LLC now owns 11,177,304 shares of the auto manufacturer’s stock worth $146,646,000 after purchasing an additional 9,603,267 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Ford Motor by 26.9% in the fourth quarter. Bank of New York Mellon Corp now owns 38,153,383 shares of the auto manufacturer’s stock worth $500,572,000 after purchasing an additional 8,086,564 shares during the last quarter. 58.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on F shares. Wells Fargo & Company lifted their target price on Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Thursday. Wall Street Zen raised Ford Motor from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. The Goldman Sachs Group raised their price objective on Ford Motor from $13.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, June 11th. Morgan Stanley reaffirmed an “equal weight” rating and set a $14.00 price objective on shares of Ford Motor in a report on Wednesday, May 13th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $13.00 target price on shares of Ford Motor in a research note on Friday, May 15th. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Ford Motor has a consensus rating of “Hold” and an average target price of $14.70.

Ford Motor Stock Up 2.2%

Shares of NYSE:F opened at $14.14 on Friday. Ford Motor Company has a 1 year low of $10.47 and a 1 year high of $17.78. The company has a market capitalization of $56.34 billion, a PE ratio of -9.12, a price-to-earnings-growth ratio of 0.30 and a beta of 1.79. The business has a fifty day moving average price of $13.85 and a two-hundred day moving average price of $13.36. 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 (NYSE:F) last released its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, topping 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 analysts’ expectations of $42.66 billion. During the same period in the previous year, the business posted $0.14 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. Analysts forecast that Ford Motor Company will post 1.64 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Tuesday, May 12th. Ford Motor’s dividend payout ratio 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.