Optas LLC Purchases 2,413 Shares of Ford Motor Company $F

Optas LLC grew its position in shares of Ford Motor Company (NYSE:F) by 20.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 13,974 shares of the auto manufacturer’s stock after acquiring an additional 2,413 shares during the quarter. Optas LLC’s holdings in Ford Motor were worth $152,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of F. Vanguard Group Inc. boosted its position in shares of Ford Motor by 13.8% during the 1st quarter. Vanguard Group Inc. now owns 457,660,361 shares of the auto manufacturer’s stock valued at $4,590,333,000 after acquiring an additional 55,576,478 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Ford Motor by 6,915.1% during the 1st quarter. Pacer Advisors Inc. now owns 49,078,048 shares of the auto manufacturer’s stock valued at $492,253,000 after acquiring an additional 48,378,444 shares during the last quarter. Nuveen LLC bought a new position in shares of Ford Motor during the 1st quarter valued at approximately $123,147,000. Charles Schwab Investment Management Inc. boosted its position in shares of Ford Motor by 8.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 140,053,906 shares of the auto manufacturer’s stock valued at $1,404,741,000 after acquiring an additional 10,947,527 shares during the last quarter. Finally, Aberdeen Group plc boosted its position in shares of Ford Motor by 150.6% during the 1st quarter. Aberdeen Group plc now owns 7,264,106 shares of the auto manufacturer’s stock valued at $72,169,000 after acquiring an additional 4,365,125 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Stock Performance

F stock opened at $11.43 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.10 and a debt-to-equity ratio of 2.24. The business’s fifty day simple moving average is $11.67 and its two-hundred day simple moving average is $10.88. Ford Motor Company has a twelve month low of $8.44 and a twelve month high of $12.80. The firm has a market cap of $45.47 billion, a price-to-earnings ratio of 14.65, a PEG ratio of 3.31 and a beta of 1.53.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.The business had revenue of $50.18 billion for the quarter, compared to analyst estimates of $42.91 billion. During the same quarter last year, the firm posted $0.47 earnings per share. The business’s revenue was up 5.0% compared to the same quarter last year. Analysts predict that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th were paid a dividend of $0.15 per share. The ex-dividend date was Monday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 5.3%. Ford Motor’s dividend payout ratio (DPR) is currently 76.92%.

Analysts Set New Price Targets

Several analysts recently weighed in on F shares. JPMorgan Chase & Co. increased their price target on Ford Motor from $12.00 to $13.00 and gave the company an “overweight” rating in a report on Monday, July 21st. Wells Fargo & Company increased their price target on Ford Motor from $8.00 to $10.00 and gave the company an “underweight” rating in a report on Friday, October 3rd. UBS Group increased their price target on Ford Motor from $11.00 to $12.50 and gave the company a “neutral” rating in a report on Monday, October 6th. Piper Sandler increased their price target on Ford Motor from $9.00 to $9.50 and gave the company a “neutral” rating in a report on Thursday, July 31st. Finally, Barclays increased their price target on Ford Motor from $9.00 to $11.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. Two research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $11.04.

Ford Motor 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.