Proactive Wealth Strategies LLC Invests $109,000 in Ford Motor (NYSE:F)

Proactive Wealth Strategies LLC purchased a new stake in Ford Motor (NYSE:F) in the third quarter, Holdings Channel reports. The firm purchased 10,290 shares of the auto manufacturer’s stock, valued at approximately $109,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Assenagon Asset Management S.A. lifted its holdings in Ford Motor by 14,373.9% in the third quarter. Assenagon Asset Management S.A. now owns 8,885,389 shares of the auto manufacturer’s stock worth $93,830,000 after acquiring an additional 8,824,000 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Ford Motor by 27.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock worth $453,732,000 after purchasing an additional 7,793,944 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Ford Motor by 456.9% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,000,000 shares of the auto manufacturer’s stock worth $50,160,000 after purchasing an additional 3,281,800 shares during the last quarter. AQR Capital Management LLC boosted its position in Ford Motor by 103.6% during the 2nd quarter. AQR Capital Management LLC now owns 4,908,726 shares of the auto manufacturer’s stock valued at $60,844,000 after purchasing an additional 2,497,695 shares during the period. Finally, International Assets Investment Management LLC grew its stake in Ford Motor by 1,215.6% during the 3rd quarter. International Assets Investment Management LLC now owns 2,693,585 shares of the auto manufacturer’s stock worth $28,444,000 after buying an additional 2,488,850 shares during the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Stock Performance

NYSE:F opened at $11.11 on Wednesday. The company has a 50-day moving average of $10.77 and a 200-day moving average of $11.54. The firm has a market cap of $44.13 billion, a price-to-earnings ratio of 12.62, a price-to-earnings-growth ratio of 1.99 and a beta of 1.62. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. Ford Motor has a twelve month low of $9.49 and a twelve month high of $14.85.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. The company had revenue of $46.20 billion for the quarter, compared to analysts’ expectations of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 earnings per share. Analysts forecast that Ford Motor will post 1.82 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.40%. The ex-dividend date of this dividend is Thursday, November 7th. Ford Motor’s dividend payout ratio is 68.18%.

Analyst Ratings Changes

F has been the topic of a number of recent research reports. StockNews.com upgraded Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Morgan Stanley downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $16.00 to $12.00 in a research report on Wednesday, September 25th. Royal Bank of Canada restated a “sector perform” rating and issued a $10.00 target price on shares of Ford Motor in a research report on Tuesday, October 29th. Sanford C. Bernstein cut Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target on the stock. in a report on Thursday, November 7th. Finally, Wolfe Research assumed coverage on Ford Motor in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Two 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, Ford Motor has a consensus rating of “Hold” and an average price target of $12.02.

Ford Motor Company Profile

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.