Curi RMB Capital LLC Sells 1,763 Shares of Ford Motor (NYSE:F)

Curi RMB Capital LLC lessened its holdings in shares of Ford Motor (NYSE:F) by 14.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,776 shares of the auto manufacturer’s stock after selling 1,763 shares during the quarter. Curi RMB Capital LLC’s holdings in Ford Motor were worth $114,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on F shares. Wells Fargo & Company lowered their price objective on Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 10th. Morgan Stanley cut Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $16.00 to $12.00 in a research report on Wednesday, September 25th. Wolfe Research initiated coverage on shares of Ford Motor in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. The Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and raised their target price for the company from $12.00 to $13.00 in a report on Tuesday, October 1st. Finally, Barclays cut their price target 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 analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $12.02.

Ford Motor Price Performance

Ford Motor stock opened at $11.01 on Friday. The stock has a 50-day moving average price of $10.79 and a two-hundred day moving average price of $11.51. Ford Motor has a 12 month low of $9.49 and a 12 month high of $14.85. The company has a market capitalization of $43.76 billion, a PE ratio of 12.51, a P/E/G ratio of 2.01 and a beta of 1.62. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The business had revenue of $46.20 billion during the quarter, compared to analyst estimates of $45.13 billion. During the same quarter last year, the business earned $0.39 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. Analysts expect that Ford Motor will post 1.82 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently disclosed 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 of this dividend is Thursday, November 7th. This represents a $0.60 annualized dividend and a dividend yield of 5.45%. Ford Motor’s dividend payout ratio is 68.18%.

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.