Accurate Wealth Management LLC Increases Stock Holdings in Ford Motor (NYSE:F)

Accurate Wealth Management LLC grew its position in Ford Motor (NYSE:F) by 8.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 29,588 shares of the auto manufacturer’s stock after purchasing an additional 2,383 shares during the period. Accurate Wealth Management LLC’s holdings in Ford Motor were worth $276,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Proficio Capital Partners LLC grew its stake in shares of Ford Motor by 10.1% in the fourth quarter. Proficio Capital Partners LLC now owns 12,118 shares of the auto manufacturer’s stock worth $120,000 after purchasing an additional 1,112 shares in the last quarter. Pitcairn Co. grew its stake in shares of Ford Motor by 2.2% in the fourth quarter. Pitcairn Co. now owns 53,324 shares of the auto manufacturer’s stock worth $528,000 after purchasing an additional 1,135 shares in the last quarter. Bridgewealth Advisory Group LLC grew its stake in shares of Ford Motor by 7.9% in the fourth quarter. Bridgewealth Advisory Group LLC now owns 17,019 shares of the auto manufacturer’s stock worth $159,000 after purchasing an additional 1,243 shares in the last quarter. Woodmont Investment Counsel LLC grew its stake in shares of Ford Motor by 5.5% in the fourth quarter. Woodmont Investment Counsel LLC now owns 23,905 shares of the auto manufacturer’s stock worth $237,000 after purchasing an additional 1,250 shares in the last quarter. Finally, Evergreen Wealth Solutions LLC grew its stake in shares of Ford Motor by 3.4% in the fourth quarter. Evergreen Wealth Solutions LLC now owns 40,543 shares of the auto manufacturer’s stock worth $401,000 after purchasing an additional 1,325 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Up 0.5%

Shares of Ford Motor stock opened at $10.66 on Thursday. The stock has a 50-day moving average price of $10.06 and a 200 day moving average price of $9.99. The company has a market cap of $42.37 billion, a P/E ratio of 7.30, a P/E/G ratio of 0.61 and a beta of 1.50. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. Ford Motor has a 1 year low of $8.44 and a 1 year high of $14.85.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.16. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. The firm had revenue of $40.66 billion during the quarter, compared to the consensus estimate of $35.99 billion. During the same period in the prior year, the business earned $0.49 EPS. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. As a group, analysts expect that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 12th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.63%. The ex-dividend date of this dividend was Monday, May 12th. Ford Motor’s payout ratio is currently 48.00%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Wall Street Zen cut Ford Motor from a “hold” rating to a “sell” rating in a research note on Saturday, May 24th. JPMorgan Chase & Co. raised their target price on Ford Motor from $11.00 to $12.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. The Goldman Sachs Group raised their target price on Ford Motor from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, May 6th. Piper Sandler raised their target price on Ford Motor from $8.50 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, May 22nd. Finally, TD Cowen started coverage on Ford Motor in a research note on Friday, March 7th. They set a “hold” rating and a $10.00 target price for the company. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $10.03.

Ford Motor Company 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.