Bright Futures Wealth Management LLC. Has $1.80 Million Stock Holdings in Ford Motor (NYSE:F)

Bright Futures Wealth Management LLC. raised its stake in Ford Motor (NYSE:F) by 4.6% in the second quarter, Holdings Channel.com reports. The firm owned 143,324 shares of the auto manufacturer’s stock after acquiring an additional 6,342 shares during the period. Ford Motor makes up approximately 0.8% of Bright Futures Wealth Management LLC.’s holdings, making the stock its 28th largest holding. Bright Futures Wealth Management LLC.’s holdings in Ford Motor were worth $1,797,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Newport Trust Company LLC raised its position in Ford Motor by 4.5% in the 4th quarter. Newport Trust Company LLC now owns 155,177,214 shares of the auto manufacturer’s stock valued at $1,891,610,000 after purchasing an additional 6,667,808 shares during the last quarter. Fisher Asset Management LLC lifted its position in shares of Ford Motor by 6.3% during the fourth quarter. Fisher Asset Management LLC now owns 59,150,709 shares of the auto manufacturer’s stock worth $721,047,000 after purchasing an additional 3,521,520 shares in the last quarter. Norges Bank acquired a new position in shares of Ford Motor during the fourth quarter worth approximately $475,899,000. Dimensional Fund Advisors LP grew its stake in shares of Ford Motor by 2.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 27,314,520 shares of the auto manufacturer’s stock valued at $333,014,000 after purchasing an additional 528,823 shares during the last quarter. Finally, LSV Asset Management increased its holdings in shares of Ford Motor by 1.6% in the second quarter. LSV Asset Management now owns 20,115,487 shares of the auto manufacturer’s stock valued at $252,248,000 after purchasing an additional 312,496 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

F has been the topic of several research reports. Wolfe Research assumed coverage on Ford Motor in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. Barclays cut their target price on shares of Ford Motor from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Royal Bank of Canada reduced their price objective on shares of Ford Motor from $13.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Monday, August 12th. Evercore ISI upgraded Ford Motor to a “hold” rating in a report on Friday, July 26th. Finally, The Goldman Sachs Group lowered their price target on Ford Motor from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $13.48.

Ford Motor Stock Performance

Shares of F opened at $10.66 on Tuesday. 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 has a 12 month low of $9.49 and a 12 month high of $14.85. The firm has a fifty day simple moving average of $11.66 and a 200 day simple moving average of $12.14. The stock has a market capitalization of $42.38 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 0.77 and a beta of 1.62.

Ford Motor (NYSE:F) last announced its quarterly earnings data 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). 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 in the previous year, the business earned $0.72 EPS. Ford Motor’s revenue was up 6.3% on a year-over-year basis. Research analysts forecast that Ford Motor will post 1.88 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company 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 annualized dividend and a dividend yield of 5.63%. Ford Motor’s dividend payout ratio is presently 61.86%.

Ford Motor 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.