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

Purus Wealth Management LLC raised its stake in Ford Motor (NYSE:F) by 6.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,717 shares of the auto manufacturer’s stock after acquiring an additional 1,625 shares during the period. Purus Wealth Management LLC’s holdings in Ford Motor were worth $360,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in F. Gilbert & Cook Inc. raised its holdings in Ford Motor by 4.1% in the 4th quarter. Gilbert & Cook Inc. now owns 46,670 shares of the auto manufacturer’s stock valued at $569,000 after acquiring an additional 1,836 shares in the last quarter. Aveo Capital Partners LLC raised its holdings in shares of Ford Motor by 6.9% during the 4th quarter. Aveo Capital Partners LLC now owns 20,906 shares of the auto manufacturer’s stock worth $255,000 after buying an additional 1,352 shares in the last quarter. Gryphon Financial Partners LLC raised its holdings in shares of Ford Motor by 4.0% during the 4th quarter. Gryphon Financial Partners LLC now owns 26,116 shares of the auto manufacturer’s stock worth $334,000 after buying an additional 1,002 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Ford Motor by 8.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 61,430 shares of the auto manufacturer’s stock worth $749,000 after buying an additional 4,958 shares in the last quarter. Finally, Brown Advisory Inc. raised its holdings in shares of Ford Motor by 10.4% during the 4th quarter. Brown Advisory Inc. now owns 67,973 shares of the auto manufacturer’s stock worth $829,000 after buying an additional 6,393 shares in the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Trading Up 1.0 %

NYSE F opened at $10.91 on Wednesday. The business’s 50-day moving average price is $11.39 and its two-hundred day moving average price is $12.07. Ford Motor has a 12 month low of $9.49 and a 12 month high of $14.85. The firm 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. 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 released its quarterly earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The company had revenue of $47.81 billion during the quarter, compared to the consensus estimate of $47.79 billion. During the same quarter last year, the firm posted $0.72 EPS. The company’s quarterly revenue was up 6.3% on a year-over-year basis. On average, analysts expect that Ford Motor will post 1.88 EPS for the current year.

Ford Motor Announces Dividend

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

Wall Street Analysts Forecast Growth

F has been the subject of a number of research analyst reports. Wells Fargo & Company lowered their price target on Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Tuesday, September 10th. Royal Bank of Canada lowered their price target on Ford Motor from $13.00 to $10.00 and set a “sector perform” rating for the company in a report on Monday, August 12th. Morgan Stanley reissued an “overweight” rating and set a $16.00 price target on shares of Ford Motor in a report on Thursday, September 12th. Wolfe Research assumed coverage on Ford Motor in a report on Thursday, September 5th. They set a “peer perform” rating for the company. Finally, Evercore ISI upgraded Ford Motor to a “hold” rating in a research report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Ford Motor has an average rating of “Hold” and an average target price of $12.95.

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.