Ford Motor (NYSE:F) Shares Acquired by WFA Asset Management Corp

WFA Asset Management Corp grew its stake in Ford Motor (NYSE:F) by 8.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,905 shares of the auto manufacturer’s stock after purchasing an additional 2,213 shares during the quarter. WFA Asset Management Corp’s holdings in Ford Motor were worth $295,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Olistico Wealth LLC acquired a new stake in Ford Motor during the second quarter worth about $25,000. Family Firm Inc. bought a new position in Ford Motor in the 2nd quarter worth about $26,000. Quarry LP bought a new position in Ford Motor in the 2nd quarter worth about $27,000. Ridgewood Investments LLC bought a new position in Ford Motor in the 2nd quarter worth about $28,000. Finally, Kimelman & Baird LLC bought a new position in Ford Motor in the 2nd quarter worth about $30,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Performance

Shares of F opened at $10.25 on Monday. The company’s fifty day moving average is $10.80 and its 200-day moving average is $11.61. Ford Motor has a 12 month low of $9.49 and a 12 month high of $14.85. The firm has a market cap of $40.75 billion, a price-to-earnings ratio of 11.61, a price-to-earnings-growth ratio of 1.87 and a beta of 1.62. The company has a quick ratio of 1.00, a current ratio of 1.15 and a debt-to-equity ratio of 2.34.

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

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 7th will be paid a $0.15 dividend. The ex-dividend date is Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 5.85%. Ford Motor’s payout ratio is presently 68.18%.

Analyst Ratings Changes

Several research analysts have commented on F shares. The Goldman Sachs Group upgraded shares of 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. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, October 30th. Evercore ISI upgraded shares of Ford Motor to a “hold” rating in a research report on Friday, July 26th. Morgan Stanley cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $16.00 to $12.00 in a report on Wednesday, September 25th. Finally, Barclays decreased their price objective on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Ford Motor currently has a consensus rating of “Hold” and an average price target of $12.41.

Ford Motor 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.