Hennessy Advisors Inc. Has $5.92 Million Stake in Ford Motor (NYSE:F)

Hennessy Advisors Inc. boosted its holdings in Ford Motor (NYSE:F) by 6.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 445,800 shares of the auto manufacturer’s stock after purchasing an additional 27,200 shares during the quarter. Hennessy Advisors Inc.’s holdings in Ford Motor were worth $5,920,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Hengehold Capital Management LLC boosted its position in shares of Ford Motor by 10.7% during the first quarter. Hengehold Capital Management LLC now owns 11,100 shares of the auto manufacturer’s stock valued at $147,000 after buying an additional 1,073 shares during the last quarter. 180 Wealth Advisors LLC lifted its position in shares of Ford Motor by 15.2% during the first quarter. 180 Wealth Advisors LLC now owns 51,147 shares of the auto manufacturer’s stock valued at $679,000 after purchasing an additional 6,767 shares in the last quarter. ERn Financial LLC boosted its holdings in Ford Motor by 158.0% during the first quarter. ERn Financial LLC now owns 57,875 shares of the auto manufacturer’s stock worth $769,000 after purchasing an additional 35,446 shares during the last quarter. Key Client Fiduciary Advisors LLC grew its position in Ford Motor by 9.0% in the 1st quarter. Key Client Fiduciary Advisors LLC now owns 28,530 shares of the auto manufacturer’s stock worth $379,000 after purchasing an additional 2,344 shares in the last quarter. Finally, Sovereign Financial Group Inc. increased its stake in Ford Motor by 149.0% in the 1st quarter. Sovereign Financial Group Inc. now owns 35,182 shares of the auto manufacturer’s stock valued at $467,000 after buying an additional 21,052 shares during the last quarter. Institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Up 1.0 %

Shares of F stock traded up $0.12 during midday trading on Thursday, reaching $12.23. 48,012,941 shares of the stock were exchanged, compared to its average volume of 51,089,191. The firm has a market cap of $48.83 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 0.78 and a beta of 1.61. The company has a current ratio of 1.17, a quick ratio of 0.99 and a debt-to-equity ratio of 2.32. The company’s 50 day moving average is $12.19 and its two-hundred day moving average is $12.22. 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.07. The company had revenue of $42.78 billion during the quarter, compared to analysts’ expectations of $42.93 billion. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. Ford Motor’s revenue was up 3.1% on a year-over-year basis. During the same period last year, the company posted $0.63 EPS. On average, equities research analysts predict that Ford Motor will post 2.02 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 8th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.91%. The ex-dividend date of this dividend was Tuesday, May 7th. Ford Motor’s dividend payout ratio is presently 61.86%.

Insider Buying and Selling

In related news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the company’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 directly owns 168,601 shares of the company’s stock, valued at approximately $2,038,386.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

F has been the subject of several research reports. UBS Group increased their price target on shares of Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Piper Sandler assumed coverage on shares of Ford Motor in a research note on Friday, March 15th. They set a “neutral” rating and a $13.00 price target for the company. Citigroup upped their price objective on Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Sanford C. Bernstein assumed coverage on Ford Motor in a research note on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 target price on the stock. Finally, Royal Bank of Canada increased their price target on Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 25th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $13.89.

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.