Tidal Investments LLC Grows Position in Ford Motor (NYSE:F)

Tidal Investments LLC increased its holdings in Ford Motor (NYSE:F) by 9.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 155,875 shares of the auto manufacturer’s stock after acquiring an additional 13,820 shares during the quarter. Tidal Investments LLC’s holdings in Ford Motor were worth $2,070,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Fortis Group Advisors LLC lifted its position in shares of Ford Motor by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock valued at $26,000 after buying an additional 1,086 shares during the last quarter. Voisard Asset Management Group Inc. purchased a new stake in shares of Ford Motor during the fourth quarter valued at about $27,000. Financial Synergies Wealth Advisors Inc. lifted its position in shares of Ford Motor by 1,997.9% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock valued at $27,000 after buying an additional 1,938 shares during the last quarter. Fairman Group LLC acquired a new position in Ford Motor in the 4th quarter worth approximately $31,000. Finally, Able Wealth Management LLC acquired a new position in Ford Motor in the 4th quarter worth approximately $32,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Stock Down 5.2 %

F stock traded down $0.56 during trading on Friday, hitting $10.13. 15,784,131 shares of the company’s stock were exchanged, compared to its average volume of 53,772,961. The business has a 50-day moving average price of $12.45 and a two-hundred day moving average price of $12.38. The stock has a market capitalization of $40.44 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 0.76 and a beta of 1.62. Ford Motor has a 52-week low of $9.63 and a 52-week high of $14.85. The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 2.30.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.21). The business had revenue of $47.81 billion for the quarter, compared to analysts’ expectations of $47.79 billion. Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. Ford Motor’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.72 EPS. As a group, equities research analysts expect that Ford Motor will post 1.94 EPS for the current year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 7th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.92%. The ex-dividend date of this dividend is Wednesday, August 7th. Ford Motor’s payout ratio is currently 61.86%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on F shares. Evercore ISI raised shares of Ford Motor to a “hold” rating in a research note on Friday, July 26th. StockNews.com upgraded Ford Motor from a “sell” rating to a “hold” rating in a research report on Friday. Citigroup increased their target price on Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Barclays decreased their target price on Ford Motor from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Finally, Royal Bank of Canada increased their target price on Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a research report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $13.75.

Insider Activity

In other news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $12.09, for a total value of $982,119.06. Following the transaction, the director now owns 168,601 shares of the company’s stock, valued at $2,038,386.09. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.80% of the company’s stock.

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.