General American Investors Co. Inc. Buys Shares of 557,913 Ford Motor (NYSE:F)

General American Investors Co. Inc. purchased a new stake in shares of Ford Motor (NYSE:F) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 557,913 shares of the auto manufacturer’s stock, valued at approximately $6,996,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Olistico Wealth LLC acquired a new stake in shares of Ford Motor in the second quarter valued at $25,000. Financial Synergies Wealth Advisors Inc. grew its holdings in shares of Ford Motor by 1,997.9% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock worth $27,000 after acquiring an additional 1,938 shares during the last quarter. Family Firm Inc. acquired a new stake in shares of Ford Motor during the second quarter worth $26,000. Fortis Group Advisors LLC lifted its holdings 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 purchasing an additional 1,086 shares during the last quarter. Finally, Voisard Asset Management Group Inc. acquired a new position in shares of Ford Motor in the 4th quarter valued at $27,000. Institutional investors own 58.74% of the company’s stock.

Ford Motor Price Performance

NYSE:F opened at $10.58 on Friday. 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 has a one year low of $9.49 and a one year high of $14.85. The company has a fifty day moving average price of $11.70 and a 200 day moving average price of $12.15. The stock has a market cap of $42.24 billion, a P/E ratio of 10.91, a PEG ratio of 0.81 and a beta of 1.62.

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

Ford Motor Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a yield of 5.67%. Ford Motor’s payout ratio is currently 61.86%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. StockNews.com raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Barclays reduced their price target on Ford Motor from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Sanford C. Bernstein initiated coverage on Ford Motor in a report on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 price objective on the stock. Wolfe Research began coverage on shares of Ford Motor in a research note on Thursday. They issued a “peer perform” rating for the company. Finally, Evercore ISI upgraded shares of Ford Motor to a “hold” rating in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Ford Motor currently has a consensus rating of “Hold” and an average price target of $13.48.

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.