Gateway Wealth Partners LLC Has $354,000 Stock Holdings in Ford Motor (NYSE:F)

Gateway Wealth Partners LLC boosted its holdings in shares of Ford Motor (NYSE:F) by 123.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,256 shares of the auto manufacturer’s stock after buying an additional 15,608 shares during the period. Gateway Wealth Partners LLC’s holdings in Ford Motor were worth $354,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Olistico Wealth LLC acquired a new position in Ford Motor during the second quarter valued at $25,000. Financial Synergies Wealth Advisors Inc. raised its position in Ford Motor by 1,997.9% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock valued at $27,000 after buying an additional 1,938 shares during the period. Family Firm Inc. acquired a new position in Ford Motor in the 2nd quarter worth about $26,000. Quarry LP acquired a new position in Ford Motor in the 2nd quarter worth about $27,000. Finally, Fortis Group Advisors LLC increased its position in Ford Motor by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock worth $26,000 after purchasing an additional 1,086 shares during the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

F has been the topic of several research reports. Wolfe Research initiated coverage on Ford Motor in a research report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $11.00 target price on shares of Ford Motor in a research report on Tuesday, September 10th. Barclays dropped their target price on 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 dropped their target price on Ford Motor from $13.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Monday, August 12th. Finally, Evercore ISI upgraded Ford Motor to a “hold” rating in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $12.64.

Ford Motor Price Performance

Shares of NYSE:F opened at $10.56 on Tuesday. The business has a 50 day moving average price of $10.80 and a 200 day moving average price of $11.97. Ford Motor has a twelve month low of $9.49 and a twelve month high of $14.85. The company has a market cap of $42.16 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 0.79 and a beta of 1.62. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 2.30.

Ford Motor (NYSE:F) last announced its earnings results 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 business had revenue of $47.81 billion for the quarter, compared to the consensus estimate of $47.79 billion. During the same quarter in the previous year, the company earned $0.72 EPS. Ford Motor’s revenue for the quarter was up 6.3% compared to the same quarter last year. Research analysts predict 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 dividend of $0.15 per share. The ex-dividend date was Wednesday, August 7th. This represents a $0.60 annualized dividend and a yield of 5.68%. Ford Motor’s payout ratio is 61.86%.

About Ford Motor

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.