VCI Wealth Management LLC purchased a new position in shares of Ford Motor Company (NYSE:F – Free Report) in the third quarter, HoldingsChannel.com reports. The firm purchased 93,729 shares of the auto manufacturer’s stock, valued at approximately $1,130,000.
Several other hedge funds have also recently made changes to their positions in the business. Maripau Wealth Management LLC lifted its stake in shares of Ford Motor by 1.6% in the 1st quarter. Maripau Wealth Management LLC now owns 46,606 shares of the auto manufacturer’s stock valued at $538,000 after purchasing an additional 749 shares during the period. Wayfinding Financial LLC boosted its position in shares of Ford Motor by 5.8% during the 2nd quarter. Wayfinding Financial LLC now owns 13,652 shares of the auto manufacturer’s stock valued at $189,000 after purchasing an additional 754 shares in the last quarter. Southern Financial Group LLC grew its stake in Ford Motor by 2.3% during the first quarter. Southern Financial Group LLC now owns 34,714 shares of the auto manufacturer’s stock worth $401,000 after purchasing an additional 776 shares during the period. Bernicke Wealth Management Ltd. grew its stake in Ford Motor by 2.0% during the second quarter. Bernicke Wealth Management Ltd. now owns 39,789 shares of the auto manufacturer’s stock worth $553,000 after purchasing an additional 792 shares during the period. Finally, Bank & Trust Co grew its stake in Ford Motor by 2.6% during the second quarter. Bank & Trust Co now owns 31,665 shares of the auto manufacturer’s stock worth $440,000 after purchasing an additional 794 shares during the period. 58.74% of the stock is owned by institutional investors.
Ford Motor Price Performance
Shares of NYSE F opened at $12.57 on Tuesday. The firm’s 50-day moving average price is $12.86 and its 200-day moving average price is $13.36. Ford Motor Company has a 1-year low of $11.11 and a 1-year high of $17.78. The firm has a market capitalization of $50.12 billion, a P/E ratio of -6.38, a P/E/G ratio of 0.25 and a beta of 1.93. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 3.07.
Ford Motor (NYSE:F – Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.08. The company had revenue of $49.53 billion for the quarter, compared to analysts’ expectations of $49.08 billion. Ford Motor had a negative net margin of 4.17% and a positive return on equity of 18.96%. The business’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 EPS. Equities research analysts anticipate that Ford Motor Company will post 1.90 earnings per share for the current fiscal year.
Ford Motor Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, November 10th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Tuesday, November 10th. Ford Motor’s payout ratio is presently -30.46%.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on F shares. Citigroup upgraded Ford Motor from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $19.00 to $20.00 in a report on Wednesday, July 29th. Weiss Ratings cut Ford Motor from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 23rd. Dbs Bank raised shares of Ford Motor from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, August 11th. The Goldman Sachs Group reduced their price objective on shares of Ford Motor from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, October 29th. Finally, BNP Paribas Exane lowered their price objective on shares of Ford Motor from $13.50 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, October 29th. Seven analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $15.02.
Check Out Our Latest Stock Report on F
About Ford Motor
Ford Motor Co is an American automobile manufacturer founded in 1903 by Henry Ford and headquartered in Dearborn, Michigan. The company helped popularize mass automobile production and is known for brands including Ford and Lincoln.
Ford develops, manufactures and sells cars, trucks, sport utility vehicles, commercial vehicles and electric vehicles. Its product portfolio includes the F-Series pickup trucks, Transit commercial vans, Mustang sports cars and a range of utility vehicles. The company also provides vehicle software, connected services, fleet solutions, maintenance and other support services.
Ford operates through Ford Blue, which focuses on gasoline- and hybrid-powered vehicles; Model e, which develops electric vehicles and related technologies; and Ford Pro, which serves commercial and fleet customers.
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