Cypress Wealth Services LLC Raises Position in Ford Motor (NYSE:F)

Cypress Wealth Services LLC grew its position in shares of Ford Motor (NYSE:F) by 2.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 57,636 shares of the auto manufacturer’s stock after purchasing an additional 1,338 shares during the period. Cypress Wealth Services LLC’s holdings in Ford Motor were worth $578,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. NCP Inc. lifted its position in Ford Motor by 62.0% in the 4th quarter. NCP Inc. now owns 74,520 shares of the auto manufacturer’s stock valued at $738,000 after acquiring an additional 28,528 shares in the last quarter. Alberta Investment Management Corp lifted its holdings in shares of Ford Motor by 87.1% during the fourth quarter. Alberta Investment Management Corp now owns 196,100 shares of the auto manufacturer’s stock valued at $1,941,000 after purchasing an additional 91,300 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Ford Motor by 12.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 455,671 shares of the auto manufacturer’s stock valued at $4,511,000 after buying an additional 49,844 shares during the last quarter. ABC Arbitrage SA bought a new stake in Ford Motor in the 4th quarter worth about $1,012,000. Finally, Wernau Asset Management Inc. bought a new stake in Ford Motor in the 4th quarter worth about $344,000. Institutional investors own 58.74% of the company’s stock.

Ford Motor Trading Up 0.6%

Ford Motor stock opened at $10.25 on Thursday. Ford Motor has a 12-month low of $8.44 and a 12-month high of $14.85. The firm has a market capitalization of $40.76 billion, a price-to-earnings ratio of 7.02, a P/E/G ratio of 0.61 and a beta of 1.53. The firm has a 50 day moving average of $10.00 and a 200 day moving average of $10.01. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.16. The business had revenue of $40.66 billion during the quarter, compared to analyst estimates of $35.99 billion. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. The company’s revenue was down 6.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.49 earnings per share. As a group, research analysts predict that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 12th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.85%. The ex-dividend date was Monday, May 12th. Ford Motor’s dividend payout ratio is currently 48.00%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on F. Bank of America dropped their price target on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a report on Thursday, February 6th. Royal Bank of Canada dropped their price target on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. Wolfe Research raised Ford Motor from an “underperform” rating to a “peer perform” rating in a report on Wednesday, April 30th. Evercore ISI lowered their target price on Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a report on Monday, February 10th. Finally, The Goldman Sachs Group boosted their price target on Ford Motor from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, May 6th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.03.

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.