Verus Capital Partners LLC Increases Stake in Ford Motor (NYSE:F)
Verus Capital Partners LLC boosted its position in shares of Ford Motor (NYSE:F) by 8.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 33,638 shares of the auto manufacturer’s stock after purchasing an additional 2,653 shares during the quarter. Verus Capital Partners LLC’s holdings in Ford Motor were worth $162,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Engrave Wealth Partners LLC purchased a new stake in Ford Motor during the 4th quarter valued at about $25,000. Red Door Wealth Management LLC bought a new position in Ford Motor during the 1st quarter valued at about $32,000. Golden State Wealth Management LLC bought a new position in Ford Motor during the 1st quarter valued at about $33,000. Woodley Farra Manion Portfolio Management Inc. lifted its stake in Ford Motor by 261.0% during the 1st quarter. Woodley Farra Manion Portfolio Management Inc. now owns 7,039 shares of the auto manufacturer’s stock valued at $34,000 after acquiring an additional 5,089 shares during the period. Finally, San Francisco Sentry Investment Group CA lifted its stake in Ford Motor by 2,960.9% during the 1st quarter. San Francisco Sentry Investment Group CA now owns 7,591 shares of the auto manufacturer’s stock valued at $36,000 after acquiring an additional 7,343 shares during the period. 49.40% of the stock is currently owned by institutional investors.
In other Ford Motor news, COO James D. Farley, Jr. purchased 194,950 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was purchased at an average price of $5.13 per share, with a total value of $1,000,093.50. Following the acquisition, the chief operating officer now owns 828,922 shares in the company, valued at $4,252,369.86. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.91% of the stock is currently owned by company insiders.
Shares of F traded down $0.15 during midday trading on Friday, hitting $5.89. 16,388,355 shares of the company traded hands, compared to its average volume of 100,982,360. The firm has a 50 day moving average of $5.91 and a 200-day moving average of $6.94. Ford Motor has a 52 week low of $3.96 and a 52 week high of $10.56. The stock has a market cap of $23.59 billion, a price-to-earnings ratio of -7.69 and a beta of 1.31. The company has a debt-to-equity ratio of 3.85, a quick ratio of 1.20 and a current ratio of 1.32.
Ford Motor (NYSE:F) last released its quarterly earnings data on Tuesday, April 28th. The auto manufacturer reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.13). Ford Motor had a negative net margin of 2.06% and a positive return on equity of 6.54%. The company had revenue of $34.32 billion for the quarter, compared to the consensus estimate of $31.73 billion. During the same period last year, the company earned ($0.07) EPS. The firm’s revenue for the quarter was down 14.9% on a year-over-year basis. Sell-side analysts predict that Ford Motor will post -1.35 earnings per share for the current fiscal year.
Ford Motor Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.
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