Ford Motor Company $F Shares Newly Purchased by Westwind Capital

Westwind Capital bought a new stake in Ford Motor Company (NYSE:F) during the third quarter, HoldingsChannel.com reports. The fund bought 144,434 shares of the auto manufacturer’s stock, valued at approximately $1,742,000.

Several other institutional investors have also recently bought and sold shares of F. BlackRock Inc. bought a new position in shares of Ford Motor during the 2nd quarter worth approximately $4,649,131,000. State Street Corp grew its position in Ford Motor by 0.8% in the second quarter. State Street Corp now owns 194,039,770 shares of the auto manufacturer’s stock valued at $2,697,153,000 after purchasing an additional 1,492,186 shares in the last quarter. Bank of America Corp DE increased its stake in Ford Motor by 318.0% in the 2nd quarter. Bank of America Corp DE now owns 72,424,686 shares of the auto manufacturer’s stock valued at $1,006,703,000 after buying an additional 55,100,244 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Ford Motor during the 2nd quarter worth about $717,218,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Ford Motor by 3.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 47,442,901 shares of the auto manufacturer’s stock worth $547,379,000 after buying an additional 1,585,557 shares during the last quarter. Institutional investors own 58.74% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Barclays increased their price target on Ford Motor from $13.00 to $14.00 and gave the company an “equal weight” rating in a research report on Thursday, July 9th. Wells Fargo & Company increased their price target on shares of Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Thursday, June 25th. Zacks Research cut shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Weiss Ratings downgraded Ford Motor from a “buy (b)” rating to a “hold (c-)” rating in a research report on Friday, October 2nd. Finally, Dbs Bank upgraded Ford Motor from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, August 11th. Seven equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $15.43.

Ford Motor Stock Performance

Shares of Ford Motor stock traded up $0.14 on Thursday, hitting $12.26. The stock had a trading volume of 58,934,160 shares, compared to its average volume of 57,099,566. The stock has a market cap of $48.90 billion, a price-to-earnings ratio of -6.56, a price-to-earnings-growth ratio of 0.25 and a beta of 1.93. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07. Ford Motor Company has a twelve month low of $11.11 and a twelve month high of $17.78. The business’s 50 day moving average is $13.58 and its two-hundred day moving average is $13.55.

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

Ford Motor Announces Dividend

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