Purus Wealth Management LLC Has $360,000 Position in Ford Motor (NYSE:F)

Purus Wealth Management LLC boosted its position in Ford Motor (NYSE:F) by 6.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,717 shares of the auto manufacturer’s stock after buying an additional 1,625 shares during the quarter. Purus Wealth Management LLC’s holdings in Ford Motor were worth $360,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of F. Coatue Management LLC acquired a new stake in Ford Motor in the 4th quarter valued at approximately $149,152,000. Dimensional Fund Advisors LP raised its position in Ford Motor by 27.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock valued at $453,732,000 after buying an additional 7,793,944 shares during the last quarter. Fisher Asset Management LLC raised its position in Ford Motor by 6.3% in the 4th quarter. Fisher Asset Management LLC now owns 59,150,709 shares of the auto manufacturer’s stock valued at $721,047,000 after buying an additional 3,521,520 shares during the last quarter. Natixis grew its stake in Ford Motor by 1,930.4% in the first quarter. Natixis now owns 2,174,316 shares of the auto manufacturer’s stock valued at $28,875,000 after purchasing an additional 2,067,226 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. bought a new position in Ford Motor in the first quarter valued at approximately $21,111,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on F. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $11.00 price target on shares of Ford Motor in a research note on Tuesday, September 10th. Sanford C. Bernstein began coverage on Ford Motor in a research note on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 price target for the company. Evercore ISI upgraded Ford Motor to a “hold” rating in a research note on Friday, July 26th. Morgan Stanley restated an “overweight” rating and issued a $16.00 price target on shares of Ford Motor in a research note on Thursday, September 12th. Finally, The Goldman Sachs Group decreased their price target on Ford Motor from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, July 25th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $12.95.

Ford Motor Stock Performance

F opened at $10.91 on Wednesday. The business has a fifty day simple moving average of $11.39 and a 200 day simple moving average of $12.07. The company has a market capitalization of $43.54 billion, a PE ratio of 11.24, a price-to-earnings-growth ratio of 0.76 and a beta of 1.62. Ford Motor has a 1 year low of $9.49 and a 1 year high of $14.85. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.17 and a quick ratio of 1.00.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.21). The firm had revenue of $47.81 billion during the quarter, compared to the consensus estimate of $47.79 billion. Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.72 earnings per share. Research analysts expect that Ford Motor will post 1.88 EPS for the current year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Wednesday, August 7th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.60 annualized dividend and a yield of 5.50%. Ford Motor’s dividend payout ratio (DPR) is presently 61.86%.

About Ford Motor

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.