Pinnacle Private Wealth LLC Lowers Stock Position in Ford Motor (NYSE:F)

Pinnacle Private Wealth LLC decreased its stake in shares of Ford Motor (NYSE:FGet Rating) by 4.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 52,791 shares of the auto manufacturer’s stock after selling 2,202 shares during the period. Pinnacle Private Wealth LLC’s holdings in Ford Motor were worth $588,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in F. Thompson Siegel & Walmsley LLC bought a new stake in shares of Ford Motor in the 1st quarter worth approximately $25,000. Ten Capital Wealth Advisors LLC bought a new stake in shares of Ford Motor in the 1st quarter worth approximately $25,000. Mark Sheptoff Financial Planning LLC lifted its position in shares of Ford Motor by 199.2% in the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 1,505 shares of the auto manufacturer’s stock worth $25,000 after acquiring an additional 1,002 shares during the period. Pittenger & Anderson Inc. raised its holdings in shares of Ford Motor by 72.8% in the 2nd quarter. Pittenger & Anderson Inc. now owns 2,374 shares of the auto manufacturer’s stock worth $26,000 after buying an additional 1,000 shares in the last quarter. Finally, Core Alternative Capital raised its holdings in shares of Ford Motor by 390.2% in the 1st quarter. Core Alternative Capital now owns 1,696 shares of the auto manufacturer’s stock worth $29,000 after buying an additional 1,350 shares in the last quarter. Institutional investors and hedge funds own 49.89% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on F shares. Nomura raised Ford Motor from a “reduce” rating to a “neutral” rating and set a $12.40 target price for the company in a report on Thursday, July 21st. Bank of America dropped their target price on Ford Motor from $32.00 to $28.00 and set a “buy” rating for the company in a report on Friday, September 9th. Citigroup dropped their target price on Ford Motor from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, August 2nd. StockNews.com cut Ford Motor from a “buy” rating to a “hold” rating in a report on Thursday. Finally, The Goldman Sachs Group dropped their price target on Ford Motor from $18.00 to $14.00 and set a “neutral” rating for the company in a report on Wednesday, June 1st. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $18.28.

Ford Motor Trading Down 3.6 %

Shares of NYSE:F traded down $0.46 during midday trading on Friday, hitting $12.31. The company had a trading volume of 103,348,703 shares, compared to its average volume of 77,860,516. Ford Motor has a 12 month low of $10.61 and a 12 month high of $25.87. The company has a current ratio of 1.16, a quick ratio of 1.00 and a debt-to-equity ratio of 1.92. The stock has a market cap of $49.49 billion, a price-to-earnings ratio of 4.47, a PEG ratio of 0.76 and a beta of 1.29. The firm has a fifty day simple moving average of $14.74 and a 200 day simple moving average of $14.28.

Ford Motor (NYSE:FGet Rating) last posted its earnings results on Wednesday, July 27th. The auto manufacturer reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.25. The firm had revenue of $37.91 billion for the quarter, compared to analyst estimates of $35.17 billion. Ford Motor had a return on equity of 16.91% and a net margin of 7.86%. The company’s revenue for the quarter was up 57.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 earnings per share. On average, analysts predict that Ford Motor will post 2.08 EPS for the current year.

Ford Motor Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, August 11th were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, August 10th. This is a positive change from Ford Motor’s previous quarterly dividend of $0.10. This represents a $0.60 annualized dividend and a yield of 4.87%. Ford Motor’s payout ratio is currently 20.98%.

Ford Motor Company Profile

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Ford Motor Company designs, manufactures, markets, and services a range of Ford trucks, cars, sport utility vehicles, electrified vehicles, and Lincoln luxury vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.

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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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