Belpointe Asset Management LLC buys 29,994 shares of Ford Motor (NYSE:F)

VaselineSeptember 6, 2024

0 3 minutes read

Belpointe Asset Management LLC buys 29,994 shares of Ford Motor (NYSE:F)

Ford Motor logo Belpointe Asset Management LLC boosted its position in Ford Motor (NYSE:F – Free Report) by 111.1% during the second quarter, Holdings Channel reports. The firm owned 56,982 shares of the auto maker’s stock after buying an additional 29,994 shares during the quarter. Belpointe Asset Management LLC’s holdings in Ford Motor were worth $715,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in F. Olistico Wealth LLC acquired a new stake in shares of Ford Motor in the second quarter valued at $25,000. Fortis Group Advisors LLC boosted its holdings in shares of Ford Motor by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto maker’s stock valued at $26,000 after acquiring an additional 1,086 shares during the last quarter. Family Firm Inc. bought a new stake in shares of Ford Motor during the second quarter valued at approximately $26,000. Voisard Asset Management Group Inc. purchased a new position in shares of Ford Motor in the fourth quarter valued at about $27,000. Finally, Financial Synergies Wealth Advisors Inc. increased its position in shares of Ford Motor by 1,997.9% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto maker’s stock worth $27,000 after buying an additional 1,938 shares in the last quarter. 58.74% of the shares are currently held by hedge funds and other institutional investors.

Analysts set new price targets

A number of research firms have commented on F. Barclays reduced their price target on shares of Ford Motor from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Thursday, July 25. Royal Bank of Canada cut their price target on Ford Motor from $13.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Monday, August 12th. StockNews.com raised Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Wolfe Research assumed coverage on Ford Motor in a research report on Thursday. They set a “peer perform” rating for the stock. Finally, Goldman Sachs Group decreased their price objective on Ford Motor from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $13.48, based on data from MarketBeat.

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Ford Motor trading down 1.7%

Shares of F opened at $10.77 on Friday. The firm has a fifty day simple moving average of $11.74 and a two hundred day simple moving average of $12.16. Ford Motor has a 12-month low of $9.49 and a 12-month high of $14.85. The stock has a market cap of $42.98 billion, a P/E ratio of 11.10, a PEG ratio of 0.81 and a beta of 1.62. The company has a quick ratio of 1.00, a current ratio of 1.17, and a debt-to-equity ratio of 2.30.

Ford Motor (NYSE:F – Get Your Free Report ) last posted its earnings results on Wednesday, July 24th. The automaker reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.21). Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The business had revenue of $47.81 billion during the quarter, compared to the consensus estimate of $47.79 billion. In the same period last year, the company earned $0.72 per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, research analysts anticipate that Ford Motor will post 1.88 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Wednesday, August 7th were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, August 7. This represents a dividend of $0.60 on an annualized basis and a dividend yield of 5.57%. Ford Motor’s dividend payout ratio is currently 61.86%.

About Ford Motor

(Free report)

Ford Motor Company develops, delivers and services a range of Ford trucks, commercial vehicles and vans, sport utility vehicles and Lincoln luxury vehicles worldwide. Works 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 dealers to commercial fleet customers, daily car rental companies and governments.