Econ Financial Services Corp Buys New Shares in Ford Motor Company $F

Econ Financial Services Corp bought a new position in shares of Ford Motor Company (NYSE:F) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 131,482 shares of the auto manufacturer’s stock, valued at approximately $1,517,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust lifted its position in shares of Ford Motor by 7.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 10,999 shares of the auto manufacturer’s stock valued at $144,000 after acquiring an additional 756 shares during the last quarter. Robertson Stephens Wealth Management LLC grew its holdings in shares of Ford Motor by 1.8% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 42,683 shares of the auto manufacturer’s stock worth $560,000 after acquiring an additional 761 shares during the last quarter. CRA Financial Services LLC raised its position in shares of Ford Motor by 4.4% during the fourth quarter. CRA Financial Services LLC now owns 18,327 shares of the auto manufacturer’s stock worth $240,000 after purchasing an additional 775 shares during the period. Cyndeo Wealth Partners LLC lifted its holdings in shares of Ford Motor by 7.2% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 11,697 shares of the auto manufacturer’s stock valued at $153,000 after purchasing an additional 784 shares during the last quarter. Finally, Activest Wealth Management boosted its position in shares of Ford Motor by 35.3% in the 4th quarter. Activest Wealth Management now owns 3,041 shares of the auto manufacturer’s stock valued at $40,000 after purchasing an additional 794 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on F. TD Cowen dropped their price target on Ford Motor from $14.00 to $13.00 and set a “hold” rating on the stock in a research note on Friday, May 1st. Wells Fargo & Company upped their price objective on shares of Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Thursday. Morgan Stanley reiterated an “equal weight” rating and issued a $14.00 target price on shares of Ford Motor in a report on Wednesday, May 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Ford Motor in a research report on Wednesday. Finally, Citigroup boosted their price target on shares of Ford Motor from $13.00 to $19.00 and gave the company a “neutral” rating in a report on Monday, June 1st. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Ford Motor currently has an average rating of “Hold” and a consensus price target of $14.70.

Ford Motor Price Performance

NYSE:F opened at $14.11 on Friday. The firm has a market capitalization of $56.22 billion, a price-to-earnings ratio of -9.10, a PEG ratio of 0.31 and a beta of 1.79. Ford Motor Company has a 1-year low of $10.68 and a 1-year high of $17.78. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 2.84. The business’s fifty day moving average price is $13.88 and its 200 day moving average price is $13.36.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.48. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The firm had revenue of $43.25 billion during the quarter, compared to the consensus estimate of $42.66 billion. During the same period in the prior year, the business earned $0.14 EPS. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, sell-side 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 declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Tuesday, May 12th. Ford Motor’s dividend payout ratio is -38.71%.

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.