Elevation Point Wealth Partners LLC Acquires New Shares in Ford Motor Company $F

Elevation Point Wealth Partners LLC bought a new position in shares of Ford Motor Company (NYSE:F) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 9,335 shares of the auto manufacturer’s stock, valued at approximately $101,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in F. Trust Co. of Toledo NA OH acquired a new stake in shares of Ford Motor during the second quarter worth about $25,000. Country Trust Bank bought a new stake in Ford Motor during the 2nd quarter worth approximately $27,000. Atlantic Union Bankshares Corp acquired a new stake in Ford Motor during the 2nd quarter worth approximately $30,000. Cypress Capital LLC bought a new position in Ford Motor in the second quarter valued at approximately $31,000. Finally, WPG Advisers LLC acquired a new position in shares of Ford Motor in the first quarter valued at approximately $33,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on F. Weiss Ratings restated a “buy (b-)” rating on shares of Ford Motor in a report on Monday, November 24th. Citigroup lifted their price target on Ford Motor from $11.00 to $13.50 and gave the company a “neutral” rating in a research note on Monday, October 27th. Jefferies Financial Group upgraded Ford Motor from an “underperform” rating to a “hold” rating and boosted their price target for the company from $9.00 to $12.00 in a report on Monday, October 6th. The Goldman Sachs Group increased their price objective on Ford Motor from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, September 29th. Finally, Piper Sandler boosted their target price on Ford Motor from $9.50 to $11.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Ford Motor presently has a consensus rating of “Hold” and an average target price of $11.88.

Ford Motor Price Performance

NYSE:F opened at $13.15 on Tuesday. Ford Motor Company has a 52-week low of $8.44 and a 52-week high of $13.97. The company has a market cap of $52.38 billion, a P/E ratio of 11.33, a P/E/G ratio of 4.03 and a beta of 1.60. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.98 and a current ratio of 1.12. The stock’s 50-day simple moving average is $12.59 and its 200 day simple moving average is $11.65.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.The firm had revenue of $50.53 billion during the quarter, compared to the consensus estimate of $43.08 billion. During the same period last year, the company earned $0.49 earnings per share. The business’s revenue was up 9.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 7th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Friday, November 7th. Ford Motor’s payout ratio is presently 51.72%.

Ford Motor Company Profile

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.