Kessler Investment Group LLC Lowers Holdings in Ford Motor (NYSE:F)

Kessler Investment Group LLC lowered its stake in shares of Ford Motor (NYSE:F) by 11.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,684 shares of the auto manufacturer’s stock after selling 1,567 shares during the period. Kessler Investment Group LLC’s holdings in Ford Motor were worth $134,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

Several brokerages have recently issued reports on F. Wells Fargo & Company decreased their price objective on Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Tuesday, September 10th. Royal Bank of Canada reduced their target price on shares of Ford Motor from $13.00 to $10.00 and set a “sector perform” rating for the company in a research report on Monday, August 12th. Barclays decreased their price objective on Ford Motor from $16.00 to $14.00 and set an “overweight” rating on the stock in a report on Tuesday, October 15th. The Goldman Sachs Group upgraded Ford Motor from a “neutral” rating to a “buy” rating and lifted their target price for the company from $12.00 to $13.00 in a research report on Tuesday, October 1st. Finally, StockNews.com raised Ford Motor from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Ford Motor has a consensus rating of “Hold” and a consensus target price of $12.56.

Ford Motor Stock Up 1.5 %

Shares of NYSE:F traded up $0.16 during trading on Tuesday, hitting $11.04. 13,404,658 shares of the company were exchanged, compared to its average volume of 53,008,742. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.17 and a quick ratio of 1.00. The firm’s 50 day moving average price is $10.77 and its 200-day moving average price is $11.74. The stock has a market capitalization of $44.08 billion, a P/E ratio of 11.21, a PEG ratio of 0.77 and a beta of 1.62. Ford Motor has a 12-month low of $9.49 and a 12-month high of $14.85.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The business had revenue of $47.81 billion during the quarter, compared to analyst estimates of $47.79 billion. During the same period in the previous year, the firm earned $0.72 earnings per share. The business’s revenue was up 6.3% compared to the same quarter last year. On average, research analysts predict that Ford Motor will post 1.88 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 7th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.60 annualized dividend and a yield of 5.43%. Ford Motor’s dividend payout ratio is currently 61.86%.

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.