Ford Motor (NYSE:F) Shares Acquired by Steele Capital Management Inc.

Steele Capital Management Inc. boosted its position in shares of Ford Motor (NYSE:F) by 28.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,375 shares of the auto manufacturer’s stock after purchasing an additional 4,936 shares during the period. Steele Capital Management Inc.’s holdings in Ford Motor were worth $236,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Insight Wealth Partners LLC raised its position in shares of Ford Motor by 1.9% during the 2nd quarter. Insight Wealth Partners LLC now owns 44,144 shares of the auto manufacturer’s stock valued at $554,000 after acquiring an additional 843 shares in the last quarter. Pallas Capital Advisors LLC boosted its holdings in shares of Ford Motor by 2.9% in the 2nd quarter. Pallas Capital Advisors LLC now owns 29,850 shares of the auto manufacturer’s stock valued at $374,000 after buying an additional 846 shares during the period. Freestone Capital Holdings LLC grew its position in shares of Ford Motor by 5.0% during the 1st quarter. Freestone Capital Holdings LLC now owns 18,346 shares of the auto manufacturer’s stock valued at $244,000 after buying an additional 875 shares during the last quarter. Hilltop National Bank raised its stake in Ford Motor by 7.1% during the second quarter. Hilltop National Bank now owns 14,159 shares of the auto manufacturer’s stock worth $178,000 after acquiring an additional 944 shares during the period. Finally, Meridian Financial Partners LLC boosted its stake in Ford Motor by 1.1% in the third quarter. Meridian Financial Partners LLC now owns 85,471 shares of the auto manufacturer’s stock valued at $903,000 after acquiring an additional 953 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Price Performance

Shares of NYSE F opened at $10.73 on Thursday. The firm has a 50-day moving average of $10.82 and a two-hundred day moving average of $11.48. The company has a market capitalization of $42.62 billion, a price-to-earnings ratio of 12.19, a PEG 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 has a twelve month low of $9.49 and a twelve month high of $14.85.

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

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th will be issued a $0.15 dividend. The ex-dividend date is Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.59%. Ford Motor’s payout ratio is currently 68.18%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Barclays cut their price target on Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Sanford C. Bernstein downgraded shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective on the stock. in a research report on Thursday, November 7th. 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. StockNews.com upgraded Ford Motor from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, Morgan Stanley cut Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $16.00 to $12.00 in a research report on Wednesday, September 25th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $12.02.

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.