Bright Futures Wealth Management LLC. Acquires Shares of 63,823 Ford Motor Company $F

Bright Futures Wealth Management LLC. bought a new position in Ford Motor Company (NYSE:FFree Report) during the third quarter, Holdings Channel reports. The firm bought 63,823 shares of the auto manufacturer’s stock, valued at approximately $763,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Corsicana & Co. acquired a new position in Ford Motor in the third quarter valued at approximately $25,000. Salomon & Ludwin LLC increased its holdings in shares of Ford Motor by 86.6% during the 3rd quarter. Salomon & Ludwin LLC now owns 2,333 shares of the auto manufacturer’s stock valued at $30,000 after purchasing an additional 1,083 shares in the last quarter. Capital A Wealth Management LLC lifted its stake in shares of Ford Motor by 990.9% in the 2nd quarter. Capital A Wealth Management LLC now owns 2,509 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 2,279 shares during the period. Country Trust Bank purchased a new stake in Ford Motor during the second quarter worth $27,000. Finally, Atlantic Union Bankshares Corp acquired a new stake in Ford Motor during the second quarter valued at $30,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

F has been the subject of a number of analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Ford Motor in a research report on Monday, December 22nd. Piper Sandler raised Ford Motor from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $11.00 to $16.00 in a report on Thursday, January 8th. Morgan Stanley increased their price target on Ford Motor from $11.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Monday, December 8th. UBS Group boosted their price objective on Ford Motor from $12.50 to $15.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Finally, Wall Street Zen downgraded Ford Motor from a “buy” rating to a “sell” rating in a research note on Saturday, February 14th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eleven have given a Hold rating and two have assigned 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 $13.02.

View Our Latest Stock Report on Ford Motor

Ford Motor Price Performance

NYSE:F opened at $14.07 on Monday. Ford Motor Company has a 12 month low of $8.44 and a 12 month high of $14.80. The stock has a 50 day moving average of $13.75 and a two-hundred day moving average of $12.88. The company has a current ratio of 1.07, a quick ratio of 0.94 and a debt-to-equity ratio of 2.95. The firm has a market cap of $56.12 billion, a P/E ratio of -6.83, a price-to-earnings-growth ratio of 0.34 and a beta of 1.65.

Ford Motor (NYSE:FGet Free Report) last released its earnings results on Wednesday, February 11th. The auto manufacturer reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.07. The business had revenue of $45.89 billion for the quarter, compared to the consensus estimate of $41.78 billion. Ford Motor had a positive return on equity of 10.16% and a negative net margin of 4.37%.The business’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 earnings per share. On average, analysts expect that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 13th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.3%. Ford Motor’s dividend payout ratio is presently -29.13%.

Insider Activity at Ford Motor

In other Ford Motor news, insider William Clay Ford, Jr. purchased 140,000 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were purchased at an average cost of $13.82 per share, with a total value of $1,934,800.00. Following the completion of the purchase, the insider owned 3,912,600 shares in the company, valued at approximately $54,072,132. This represents a 3.71% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.48% of the stock is owned by company insiders.

Trending Headlines about Ford Motor

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Ford Motor Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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