Turtle Creek Wealth Advisors LLC Has $182,000 Stake in Ford Motor Company $F

Turtle Creek Wealth Advisors LLC trimmed its holdings in shares of Ford Motor Company (NYSE:F) by 12.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,818 shares of the auto manufacturer’s stock after selling 2,317 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in Ford Motor were worth $182,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wedmont Private Capital increased its holdings in Ford Motor by 3.0% during the 2nd quarter. Wedmont Private Capital now owns 31,593 shares of the auto manufacturer’s stock valued at $374,000 after purchasing an additional 934 shares in the last quarter. Hemington Wealth Management increased its stake in shares of Ford Motor by 30.9% in the 2nd quarter. Hemington Wealth Management now owns 4,016 shares of the auto manufacturer’s stock valued at $43,000 after buying an additional 947 shares during the period. Meriwether Wealth & Planning LLC increased its stake in shares of Ford Motor by 6.9% in the 2nd quarter. Meriwether Wealth & Planning LLC now owns 15,186 shares of the auto manufacturer’s stock valued at $165,000 after buying an additional 985 shares during the period. Atlas Capital Advisors Inc. increased its stake in shares of Ford Motor by 21.2% in the 1st quarter. Atlas Capital Advisors Inc. now owns 5,665 shares of the auto manufacturer’s stock valued at $57,000 after buying an additional 989 shares during the period. Finally, City Holding Co. increased its stake in shares of Ford Motor by 47.8% in the 2nd quarter. City Holding Co. now owns 3,090 shares of the auto manufacturer’s stock valued at $34,000 after buying an additional 1,000 shares during the period. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Stock Up 1.6%

NYSE:F opened at $11.93 on Friday. Ford Motor Company has a 12-month low of $8.44 and a 12-month high of $12.80. The company has a quick ratio of 0.95, a current ratio of 1.10 and a debt-to-equity ratio of 2.24. The firm has a market capitalization of $47.46 billion, a P/E ratio of 15.29, a P/E/G ratio of 3.42 and a beta of 1.53. The stock’s fifty day simple moving average is $11.72 and its 200-day simple moving average is $10.94.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.04. The business had revenue of $50.18 billion for the quarter, compared to analyst estimates of $42.91 billion. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.The firm’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the company earned $0.47 EPS. Equities research analysts expect that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, August 11th. This represents a $0.60 annualized dividend and a yield of 5.0%. Ford Motor’s payout ratio is currently 76.92%.

Analyst Ratings Changes

Several equities research analysts have recently commented on F shares. Barclays lifted their target price on Ford Motor from $9.00 to $11.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 16th. UBS Group lifted their target price on Ford Motor from $11.00 to $12.50 and gave the company a “neutral” rating in a research note on Monday, October 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Ford Motor in a research note on Tuesday. The Goldman Sachs Group lifted their target price on Ford Motor from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Monday, September 29th. Finally, Jefferies Financial Group upgraded Ford Motor from an “underperform” rating to a “hold” rating and raised their price target for the stock from $9.00 to $12.00 in a research report on Monday, October 6th. Two equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $11.04.

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.