June 20, 2023 – A recent regulatory disclosure by the Securities and Exchange Commission (SEC) has revealed that &WD Rutherford LLC reduced its stake in Ford Motor (NYSE:F) by 40.9%. The fund owned a total of 13,190 shares of the auto manufacturer’s stock after selling 9,128 shares during the first quarter of the year. At the end of this period, WD Rutherford LLC’s holdings in Ford Motor were valued at $166,000.
Ford Motor Company is a global organization that engages in the development, delivery, and servicing of a range of automobiles such as trucks, cars and vans manufactured under both Ford and Lincoln brands. With an extensive dealership network supported by distributors worldwide, Ford continues to provide high-quality vehicles that cater to diverse market segments such as commercial fleet clients, daily car rental services, and governments.
Despite this news on shareholder activity, NYSE F opened at $14.42 with a current ratio of 1.20 and quick ratio of 1.03 on Tuesday. Additionally, it has maintained a debt-to-equity ratio of 2.16 amidst volatile equity markets over the last twelve months. The firm’s fifty-day moving average price stood at $12.36 while its two-hundred day moving average price was recorded at $12.44 – indicating relatively stagnant growth trends over time.
The auto manufacturer experienced market fluctuations observed from previous highs; however, it has managed to keep a stable capital valuation with a current market capitalization of $57.69 billion even despite economic challenges presented by COVID-19 pandemic restrictions affecting several industries globally.
According to reports from financial analysts who track the company’s performance indicators closely, Ford Motor boasts a P/E ratio of 20.31 alongside a price-to-earnings-growth ratio of 1.33 – suggesting sustained returns for investors looking for value in their portfolios.
In conclusion whilst there has been a significant reduction in WD Rutherford LLC’s stake in Ford Motor shares, the company has managed to maintain stability amidst an uncertain global outlook. Its relentless focus on producing innovative automobile solutions, combined with expanding market influence and promising financial performance, puts Ford Motor Company in a strong position to meet future growth objectives. Investors should monitor new developments and progress within this space as auto manufacturers continue to experience turbulence amidst changing industry trends.
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Investor Interest Grows in Ford Motor as Positive Reports and Future Prospects Emerge
Recent data reveals that several large investors have bought and sold shares of Ford Motor. Bay Colony Advisors’ holdings in the auto manufacturer grew by 6.7% during the fourth quarter, while AJ Wealth Strategies increased their holdings by 2.7% and Associated Banc Corp by 4.8%. These findings indicate a potential uptick in interest towards the company and its future prospects.
Research reports on Ford Motor suggest that it is garnering positive attention from market analysts. Citigroup upgraded the stock from a “neutral” rating to “buy,” increasing their target price to $16.00, while Jefferies Financial Group rated it as a “buy” with a raised price objective of $16.00. Despite StockNews.com starting coverage on Ford Motor with a “hold” rating, TheStreet awarded the company an upgrade from “c+” to “b,” and Benchmark lifted its price target from $19.00 to $20.00.
Ford Motor operates worldwide, developing vehicles including trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles via Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. It sells these products through various distributors and dealerships to commercial fleet customers, rental car companies, and governments alike.
The auto manufacturer’s recent quarterly earnings results showed marked improvement year-over-year with an increase in revenue of 21.4%; net margin was noted at 1.75%, while return on equity was at 19.99%. During the same period last year, the company posted EPS of $0.38 but exceeded expectations this year with an EPS of $0.63.
Finally, earlier this month saw Ford Motor declare a quarterly dividend payment per share of $0.15 for shareholders of record on April 26th (holders received payments June 15th). This represents a yield of 4.16% annually on an average rating of “hold” and an average price target of $14.78 per Bloomberg. All this data signals investor confidence in Ford Motor’s future prospects, and its continued success as a player in the automotive industry.