Ford Motor Company (F) Position Raised by Doyle Wealth Management

Doyle Wealth Management increased its stake in shares of Ford Motor Company (NYSE:F) by 13.3% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 28,726 shares of the auto manufacturer’s stock after buying an additional 3,364 shares during the period. Doyle Wealth Management’s holdings in Ford Motor were worth $321,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Balentine LLC boosted its position in shares of Ford Motor by 2.6% in the first quarter. Balentine LLC now owns 9,097 shares of the auto manufacturer’s stock worth $106,000 after buying an additional 231 shares during the last quarter. Archford Capital Strategies LLC increased its stake in Ford Motor by 7.8% in the first quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock worth $109,000 after buying an additional 676 shares during the last quarter. Reilly Financial Advisors LLC increased its stake in Ford Motor by 1.5% in the second quarter. Reilly Financial Advisors LLC now owns 9,856 shares of the auto manufacturer’s stock worth $110,000 after buying an additional 150 shares during the last quarter. Puplava Financial Services Inc. bought a new stake in Ford Motor during the first quarter worth about $116,000. Finally, GWM Advisors LLC bought a new stake in Ford Motor during the first quarter worth about $117,000. Hedge funds and other institutional investors own 55.40% of the company’s stock.

Ford Motor Company (F) traded up 0.18% on Friday, hitting $10.95. The company had a trading volume of 29,267,609 shares. The firm has a 50-day moving average price of $11.31 and a 200-day moving average price of $11.67. The firm has a market capitalization of $43.49 billion, a PE ratio of 11.53 and a beta of 1.11. Ford Motor Company has a 12-month low of $10.67 and a 12-month high of $13.27.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, beating the consensus estimate of $0.43 by $0.13. The firm had revenue of $36.93 billion during the quarter, compared to the consensus estimate of $37.22 billion. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the company earned $0.52 earnings per share. On average, equities research analysts anticipate that Ford Motor Company will post $1.76 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, July 24th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, July 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.48%. Ford Motor’s dividend payout ratio (DPR) is 63.16%.

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A number of equities research analysts recently issued reports on the stock. Vetr downgraded shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.78 target price for the company. in a report on Tuesday, July 4th. BidaskClub upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Nomura reiterated a “buy” rating and set a $14.80 price objective on shares of Ford Motor in a research note on Tuesday, May 2nd. Zacks Investment Research upgraded shares of Ford Motor from a “strong sell” rating to a “hold” rating in a research note on Monday, April 24th. Finally, Wolfe Research started coverage on shares of Ford Motor in a research note on Tuesday, June 13th. They set a “market perform” rating for the company. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $13.11.

In related news, insider James D. Farley, Jr. sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $11.16, for a total transaction of $279,000.00. Following the completion of the sale, the insider now owns 428,411 shares of the company’s stock, valued at $4,781,066.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John T. Lawler sold 80,624 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total value of $886,864.00. Following the sale, the vice president now directly owns 10 shares of the company’s stock, valued at approximately $110. The disclosure for this sale can be found here. 1.08% of the stock is owned by company insiders.

Ford Motor Company Profile

Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.

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