Coastwise Capital Group LLC Has $644,000 Position in Ford Motor (NYSE:F)

Coastwise Capital Group LLC grew its stake in Ford Motor (NYSE:F) by 85.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,945 shares of the auto manufacturer’s stock after buying an additional 28,072 shares during the period. Coastwise Capital Group LLC’s holdings in Ford Motor were worth $644,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Olistico Wealth LLC bought a new stake in shares of Ford Motor during the 2nd quarter valued at about $25,000. Family Firm Inc. acquired a new position in Ford Motor in the second quarter valued at approximately $26,000. Quarry LP acquired a new stake in shares of Ford Motor during the 2nd quarter worth approximately $27,000. Ridgewood Investments LLC acquired a new position in shares of Ford Motor during the 2nd quarter valued at $28,000. Finally, Kimelman & Baird LLC bought a new position in Ford Motor during the second quarter worth $30,000. 58.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Wolfe Research began coverage on shares of Ford Motor in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Wednesday, October 30th. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and upped their target price for the stock from $12.00 to $13.00 in a research report on Tuesday, October 1st. Morgan Stanley lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $16.00 to $12.00 in a research note on Wednesday, September 25th. Finally, Barclays dropped 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 note on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Ford Motor presently has an average rating of “Hold” and an average price target of $12.02.

Ford Motor Trading Up 0.3 %

NYSE:F opened at $11.13 on Monday. Ford Motor has a 52 week low of $9.49 and a 52 week high of $14.85. The firm has a 50-day moving average price of $10.86 and a two-hundred day moving average price of $11.41. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. The firm has a market cap of $44.23 billion, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 2.03 and a beta of 1.62.

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

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 7th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.39%. The ex-dividend date is Thursday, November 7th. Ford Motor’s dividend payout ratio (DPR) is currently 68.18%.

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.