Del Sette Capital Management LLC Makes New $2.65 Million Investment in Ford Motor Company $F

Del Sette Capital Management LLC acquired a new stake in Ford Motor Company (NYSE:F) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 229,341 shares of the auto manufacturer’s stock, valued at approximately $2,647,000. Ford Motor comprises approximately 1.6% of Del Sette Capital Management LLC’s investment portfolio, making the stock its 21st largest position.

A number of other hedge funds also recently made changes to their positions in F. Norges Bank acquired a new stake in shares of Ford Motor during the fourth quarter valued at about $674,437,000. SBI Okasan Asset Management Co.Ltd. purchased a new position in Ford Motor in the fourth quarter valued at about $1,769,000. TD Asset Management Inc grew its stake in Ford Motor by 11.0% during the 4th quarter. TD Asset Management Inc now owns 1,908,234 shares of the auto manufacturer’s stock valued at $25,036,000 after purchasing an additional 189,310 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Ford Motor by 2.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,345,131 shares of the auto manufacturer’s stock worth $57,008,000 after purchasing an additional 103,423 shares during the last quarter. Finally, World Investment Advisors boosted its stake in shares of Ford Motor by 222.5% during the 4th quarter. World Investment Advisors now owns 125,292 shares of the auto manufacturer’s stock valued at $1,644,000 after buying an additional 86,445 shares during the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

F has been the subject of a number of research analyst reports. TD Cowen dropped their price target on shares of Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a research note on Friday, May 1st. Royal Bank Of Canada reiterated a “sector perform” rating and set a $13.00 price objective on shares of Ford Motor in a research note on Friday, May 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Ford Motor in a report on Wednesday, June 24th. Wells Fargo & Company boosted their price target on Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a report on Thursday, June 25th. Finally, Zacks Research raised shares of Ford Motor from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $14.77.

Ford Motor Stock Down 0.0%

Shares of F stock opened at $13.99 on Monday. Ford Motor Company has a 1 year low of $10.68 and a 1 year high of $17.78. The stock has a market cap of $55.77 billion, a PE ratio of -9.03, a price-to-earnings-growth ratio of 0.31 and a beta of 1.82. The business’s fifty day moving average is $14.10 and its 200-day moving average is $13.38. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.94 and a current ratio of 1.09.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, topping analysts’ consensus estimates 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 company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.14 EPS. Equities analysts expect that Ford Motor Company will post 1.64 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

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

About Ford Motor

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.