Second Line Capital LLC Boosts Holdings in Ford Motor (NYSE:F)

Second Line Capital LLC grew its position in Ford Motor (NYSE:F) by 20.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 15,277 shares of the auto manufacturer’s stock after purchasing an additional 2,625 shares during the period. Second Line Capital LLC’s holdings in Ford Motor were worth $161,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in F. Family Firm Inc. bought a new position in shares of Ford Motor during the second quarter valued at approximately $26,000. Quarry LP purchased a new position in Ford Motor during the 2nd quarter valued at $27,000. Ridgewood Investments LLC bought a new position in Ford Motor in the 2nd quarter valued at $28,000. Kimelman & Baird LLC purchased a new position in Ford Motor in the 2nd quarter worth about $30,000. Finally, Reston Wealth Management LLC bought a new stake in Ford Motor during the 3rd quarter valued at about $33,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

F has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft dropped their price objective on Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday, October 30th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $10.00 price target on shares of Ford Motor in a report on Tuesday, October 29th. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and raised their price objective for the company from $12.00 to $13.00 in a research report on Tuesday, October 1st. Sanford C. Bernstein lowered shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target for the company. in a research report on Thursday, November 7th. Finally, Wells Fargo & Company cut their price objective on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 10th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Ford Motor has an average rating of “Hold” and an average price target of $12.08.

Ford Motor Trading Down 0.4 %

Shares of Ford Motor stock opened at $10.56 on Wednesday. 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. The firm has a market capitalization of $41.95 billion, a PE ratio of 11.99, a P/E/G ratio of 1.91 and a beta of 1.62. The firm’s 50-day moving average price is $10.86 and its 200 day moving average price is $11.35.

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

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.68%. The ex-dividend date was Thursday, November 7th. Ford Motor’s dividend payout ratio (DPR) is 68.18%.

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.