Spartan Wealth Advisory Services LLC Takes $432,000 Position in Ford Motor Company $F

Spartan Wealth Advisory Services LLC acquired a new stake in Ford Motor Company (NYSE:F) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 37,397 shares of the auto manufacturer’s stock, valued at approximately $432,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Ford Motor in the fourth quarter worth about $674,437,000. Marshall Wace LLP lifted its holdings in shares of Ford Motor by 81.1% during the 3rd quarter. Marshall Wace LLP now owns 35,438,722 shares of the auto manufacturer’s stock valued at $423,847,000 after purchasing an additional 15,866,285 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Ford Motor by 610.1% during the 4th quarter. AQR Capital Management LLC now owns 11,177,304 shares of the auto manufacturer’s stock valued at $146,646,000 after purchasing an additional 9,603,267 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Ford Motor by 26.9% in the 4th quarter. Bank of New York Mellon Corp now owns 38,153,383 shares of the auto manufacturer’s stock valued at $500,572,000 after purchasing an additional 8,086,564 shares during the period. Finally, SG Americas Securities LLC grew its position in shares of Ford Motor by 458.7% in the 1st quarter. SG Americas Securities LLC now owns 9,002,765 shares of the auto manufacturer’s stock valued at $103,892,000 after purchasing an additional 7,391,361 shares during the period. 58.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

F has been the subject of a number of research reports. Morgan Stanley reissued an “equal weight” rating and set a $14.00 target price on shares of Ford Motor in a research note on Wednesday, May 13th. TD Cowen cut their price target on shares of Ford Motor from $14.00 to $13.00 and set a “hold” rating on the stock in a research note on Friday, May 1st. UBS Group upped their price target on shares of Ford Motor from $14.00 to $17.00 and gave the company a “buy” rating in a report on Monday, June 8th. Wall Street Zen raised shares of Ford Motor from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Finally, BNP Paribas Exane raised their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $14.79.

Ford Motor Stock Down 0.0%

NYSE:F opened at $14.22 on Monday. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.94 and a current ratio of 1.09. The company has a market cap of $56.68 billion, a PE ratio of -9.18, a PEG ratio of 0.32 and a beta of 1.82. Ford Motor Company has a 52-week low of $10.68 and a 52-week high of $17.78. The stock has a 50-day simple moving average of $14.30 and a 200 day simple moving average of $13.40.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.48. The business had revenue of $43.25 billion for the quarter, compared to analyst estimates of $42.66 billion. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.Ford Motor’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 EPS. On average, sell-side analysts expect that Ford Motor Company will post 1.66 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were issued a $0.15 dividend. The ex-dividend date was Tuesday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.2%. 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.