Paradigm Capital Management LLC NV Purchases New Position in Ford Motor (NYSE:F)

Paradigm Capital Management LLC NV acquired a new position in Ford Motor (NYSE:F) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 41,650 shares of the auto manufacturer’s stock, valued at approximately $440,000.

Several other hedge funds have also modified their holdings of the company. Olistico Wealth LLC purchased a new stake in shares of Ford Motor during the 2nd quarter valued at about $25,000. Family Firm Inc. bought a new stake in Ford Motor during the second quarter worth approximately $26,000. Quarry LP purchased a new stake in Ford Motor during the second quarter valued at approximately $27,000. Ridgewood Investments LLC bought a new stake in shares of Ford Motor in the 2nd quarter valued at approximately $28,000. Finally, Kimelman & Baird LLC purchased a new position in shares of Ford Motor in the 2nd quarter worth approximately $30,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on F shares. The Goldman Sachs Group upgraded Ford Motor from a “neutral” rating to a “buy” rating and increased their price target for the company from $12.00 to $13.00 in a report on Tuesday, October 1st. Royal Bank of Canada reiterated a “sector perform” rating and set a $10.00 price objective on shares of Ford Motor in a research report on Tuesday, October 29th. Morgan Stanley lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $16.00 to $12.00 in a report on Wednesday, September 25th. Sanford C. Bernstein downgraded shares of 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, Barclays reduced their price objective on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, Ford Motor currently has an average rating of “Hold” and a consensus price target of $12.02.

Ford Motor Stock Up 0.3 %

Shares of NYSE F opened at $11.13 on Friday. Ford Motor has a 52-week low of $9.49 and a 52-week high of $14.85. The firm has a market capitalization of $44.23 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 2.03 and a beta of 1.62. The stock has a 50 day moving average price of $10.86 and a 200 day moving average price of $11.42. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15.

Ford Motor (NYSE:F) last issued its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The business had revenue of $46.20 billion during the quarter, compared to analysts’ expectations of $45.13 billion. During the same period in the prior year, the business earned $0.39 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. Sell-side analysts expect that Ford Motor will post 1.81 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders 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 yield of 5.39%. The ex-dividend date of this dividend is Thursday, November 7th. Ford Motor’s payout ratio is 68.18%.

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.