C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Boosts Position in Ford Motor (NYSE:F)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its holdings in shares of Ford Motor (NYSE:F) by 69.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,274 shares of the auto manufacturer’s stock after buying an additional 7,092 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Ford Motor were worth $229,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in F. Alpine Global Management LLC bought a new stake in shares of Ford Motor during the third quarter valued at approximately $3,147,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Ford Motor during the third quarter valued at approximately $611,000. Seven Eight Capital LP bought a new stake in shares of Ford Motor during the third quarter valued at approximately $282,000. iA Global Asset Management Inc. boosted its position in shares of Ford Motor by 15.1% during the third quarter. iA Global Asset Management Inc. now owns 29,006 shares of the auto manufacturer’s stock valued at $360,000 after purchasing an additional 3,800 shares in the last quarter. Finally, Diversified Trust Co boosted its position in shares of Ford Motor by 8.2% during the third quarter. Diversified Trust Co now owns 81,235 shares of the auto manufacturer’s stock valued at $1,009,000 after purchasing an additional 6,147 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $12.09, for a total transaction of $982,119.06. Following the completion of the sale, the director now owns 168,601 shares in the company, valued at $2,038,386.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on F. Citigroup boosted their target price on Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Piper Sandler began coverage on Ford Motor in a report on Friday, March 15th. They issued a “neutral” rating and a $13.00 target price on the stock. UBS Group boosted their target price on Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Royal Bank of Canada upped their price target on Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a report on Thursday, April 25th. Finally, Barclays upped their price target on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $14.09.

Ford Motor Stock Performance

F traded up $0.35 during midday trading on Thursday, reaching $13.52. The company had a trading volume of 14,041,999 shares, compared to its average volume of 50,355,922. The company has a quick ratio of 0.99, a current ratio of 1.17 and a debt-to-equity ratio of 2.32. The business has a 50-day moving average of $12.24 and a two-hundred day moving average of $12.29. The company has a market cap of $53.98 billion, a P/E ratio of 13.58, a P/E/G ratio of 0.84 and a beta of 1.62. Ford Motor has a 1 year low of $9.63 and a 1 year high of $15.42.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. The business had revenue of $42.78 billion during the quarter, compared to analysts’ expectations of $42.93 billion. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.63 earnings per share. As a group, equities research analysts predict that Ford Motor will post 2.02 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 8th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.44%. The ex-dividend date was Tuesday, May 7th. Ford Motor’s dividend payout ratio is currently 61.86%.

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.