Geremia Financial Services LLC Increases Stake in Ford Motor Company $F

Geremia Financial Services LLC grew its holdings in Ford Motor Company (NYSE:F) by 4.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 830,700 shares of the auto manufacturer’s stock after buying an additional 37,700 shares during the quarter. Ford Motor makes up 7.8% of Geremia Financial Services LLC’s portfolio, making the stock its 5th largest position. Geremia Financial Services LLC’s holdings in Ford Motor were worth $9,586,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in F. Grove Bank & Trust lifted its position in Ford Motor by 110.7% during the 4th quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock worth $25,000 after buying an additional 1,000 shares in the last quarter. MV Capital Management Inc. acquired a new stake in Ford Motor in the 4th quarter valued at about $25,000. McMillan Office Inc. bought a new position in shares of Ford Motor in the fourth quarter worth about $26,000. Olistico Wealth LLC bought a new position in shares of Ford Motor in the fourth quarter worth about $26,000. Finally, Murphy Middleton Hinkle & Parker Inc. acquired a new position in shares of Ford Motor during the fourth quarter worth approximately $29,000. 58.74% of the stock is owned by institutional investors.

Ford Motor Price Performance

F opened at $13.35 on Friday. The company has a fifty day moving average price of $13.97 and a two-hundred day moving average price of $13.37. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.94 and a current ratio of 1.09. Ford Motor Company has a 52 week low of $10.68 and a 52 week high of $17.78. The firm has a market capitalization of $53.18 billion, a PE ratio of -8.61, a P/E/G ratio of 0.29 and a beta of 1.82.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, beating the consensus estimate of $0.18 by $0.48. The company had revenue of $43.25 billion during the quarter, compared to analysts’ expectations of $42.66 billion. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS. As a group, analysts anticipate that Ford Motor Company will post 1.64 earnings per share for the current year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Tuesday, May 12th. Ford Motor’s dividend payout ratio is currently -38.71%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on F. Wells Fargo & Company increased their price target on shares of Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Thursday, June 25th. Morgan Stanley restated an “equal weight” rating and issued a $14.00 price objective on shares of Ford Motor in a research report on Wednesday, May 13th. Wall Street Zen raised Ford Motor from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Bank of America increased their price objective on Ford Motor from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Finally, Citigroup lifted their target price on Ford Motor from $13.00 to $19.00 and gave the company a “neutral” rating in a research note on Monday, June 1st. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Ford Motor currently has an average rating of “Hold” and an average target price of $14.70.

About Ford Motor

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.