CrossGen Wealth LLC Invests $580,000 in Ford Motor Company $F

CrossGen Wealth LLC bought a new stake in shares of Ford Motor Company (NYSE:F) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 44,196 shares of the auto manufacturer’s stock, valued at approximately $580,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Strive Financial Group LLC acquired a new stake in shares of Ford Motor during the 4th quarter valued at $134,000. Mercer Global Advisors Inc. ADV grew its holdings in shares of Ford Motor by 12.7% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 640,922 shares of the auto manufacturer’s stock worth $8,409,000 after acquiring an additional 72,075 shares during the last quarter. Virtue Capital Management LLC raised its position in shares of Ford Motor by 8,797.9% during the fourth quarter. Virtue Capital Management LLC now owns 688,784 shares of the auto manufacturer’s stock worth $9,037,000 after purchasing an additional 681,043 shares during the period. Beacon Pointe Advisors LLC raised its position in shares of Ford Motor by 2.4% during the fourth quarter. Beacon Pointe Advisors LLC now owns 238,290 shares of the auto manufacturer’s stock worth $3,126,000 after purchasing an additional 5,552 shares during the period. Finally, EP Wealth Advisors LLC purchased a new stake in shares of Ford Motor during the fourth quarter valued at $1,240,000. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Trading Up 0.6%

NYSE:F opened at $14.04 on Friday. The stock has a market cap of $55.96 billion, a PE ratio of -9.06, a price-to-earnings-growth ratio of 0.30 and a beta of 1.79. Ford Motor Company has a fifty-two week low of $10.42 and a fifty-two week high of $17.78. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.09 and a quick ratio of 0.94. The stock’s 50-day moving average is $13.67 and its two-hundred day moving average is $13.32.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.48. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The business had revenue of $43.25 billion during the quarter, compared to analyst estimates of $42.66 billion. During the same period in the prior year, the firm earned $0.14 earnings per share. The firm’s revenue was up 6.4% compared to the same quarter last year. As a group, equities research analysts forecast that Ford Motor Company will post 1.64 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.3%. Ford Motor’s dividend payout ratio (DPR) is -38.71%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on F. Wall Street Zen raised Ford Motor from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Citigroup upped their price objective on shares of Ford Motor from $13.00 to $19.00 and gave the company a “neutral” rating in a research note on Monday, June 1st. The Goldman Sachs Group raised their target price on shares of Ford Motor from $13.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, June 11th. Wells Fargo & Company dropped their target price on shares of Ford Motor from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 31st. Finally, Morgan Stanley restated an “equal weight” rating and set a $14.00 price target on shares of Ford Motor in a report on Wednesday, May 13th. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $14.63.

Ford Motor Profile

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.