Cypress Wealth Services LLC Boosts Stock Position in Ford Motor (NYSE:F)

Cypress Wealth Services LLC increased its position in shares of Ford Motor (NYSE:F) by 17.2% in the 2nd quarter, Holdings Channel reports. The firm owned 72,731 shares of the auto manufacturer’s stock after purchasing an additional 10,691 shares during the period. Cypress Wealth Services LLC’s holdings in Ford Motor were worth $744,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Geode Capital Management LLC increased its position in shares of Ford Motor by 8.2% during the fourth quarter. Geode Capital Management LLC now owns 52,343,847 shares of the auto manufacturer’s stock worth $399,887,000 after purchasing an additional 3,950,938 shares in the last quarter. Northern Trust Corp increased its position in shares of Ford Motor by 1.0% during the first quarter. Northern Trust Corp now owns 42,412,606 shares of the auto manufacturer’s stock worth $372,382,000 after purchasing an additional 405,881 shares in the last quarter. Swiss National Bank increased its position in shares of Ford Motor by 2.5% during the first quarter. Swiss National Bank now owns 12,389,335 shares of the auto manufacturer’s stock worth $108,778,000 after purchasing an additional 299,100 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Ford Motor by 12.3% during the first quarter. Parametric Portfolio Associates LLC now owns 11,237,829 shares of the auto manufacturer’s stock worth $98,668,000 after purchasing an additional 1,232,732 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Ford Motor by 32.7% during the second quarter. Robeco Institutional Asset Management B.V. now owns 6,072,509 shares of the auto manufacturer’s stock worth $62,121,000 after purchasing an additional 1,497,208 shares in the last quarter. Hedge funds and other institutional investors own 52.33% of the company’s stock.

In other Ford Motor news, Director John L. Thornton purchased 10,200 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were acquired at an average price of $9.81 per share, with a total value of $100,062.00. Following the purchase, the director now directly owns 197,290 shares in the company, valued at approximately $1,935,414.90. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John C. Lechleiter purchased 10,000 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was acquired at an average cost of $10.32 per share, for a total transaction of $103,200.00. Following the purchase, the director now owns 55,000 shares in the company, valued at $567,600. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 30,200 shares of company stock worth $299,262 and sold 115,000 shares worth $1,137,650. Corporate insiders own 0.83% of the company’s stock.

Several brokerages recently commented on F. Bank of America upgraded Ford Motor from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $13.00 to $14.00 in a research report on Friday, May 10th. TheStreet cut Ford Motor from a “b-” rating to a “c” rating in a research report on Friday, July 26th. Credit Suisse Group started coverage on Ford Motor in a research report on Wednesday, June 26th. They set an “outperform” rating and a $13.00 price target for the company. BMO Capital Markets upped their target price on Ford Motor from $8.50 to $10.00 and gave the company a “market perform” rating in a report on Monday, May 6th. Finally, Goldman Sachs Group set a $13.00 target price on Ford Motor and gave the company a “buy” rating in a report on Thursday, June 13th. Four analysts have rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Ford Motor has a consensus rating of “Hold” and a consensus target price of $10.33.

Shares of NYSE:F opened at $9.28 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.08 and a debt-to-equity ratio of 2.86. The company has a fifty day moving average of $10.04. The stock has a market cap of $38.02 billion, a PE ratio of 7.14, a P/E/G ratio of 1.03 and a beta of 1.13. Ford Motor has a 52-week low of $7.41 and a 52-week high of $10.56.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, July 24th. The auto manufacturer reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.02. The company had revenue of $35.91 billion during the quarter, compared to analysts’ expectations of $35.21 billion. Ford Motor had a return on equity of 14.92% and a net margin of 1.37%. The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the prior year, the business earned $0.27 EPS. Analysts predict that Ford Motor will post 1.27 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Tuesday, July 23rd will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.47%. The ex-dividend date of this dividend is Monday, July 22nd. Ford Motor’s dividend payout ratio (DPR) is presently 46.15%.

About Ford Motor

Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.

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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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