Diversify Advisory Services LLC Cuts Stock Holdings in Ford Motor (NYSE:F)

Diversify Advisory Services LLC reduced its stake in Ford Motor (NYSE:F) by 22.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,356 shares of the auto manufacturer’s stock after selling 13,783 shares during the quarter. Diversify Advisory Services LLC’s holdings in Ford Motor were worth $467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Quarry LP bought a new stake in shares of Ford Motor during the 2nd quarter worth $27,000. Kimelman & Baird LLC bought a new stake in Ford Motor during the second quarter worth about $30,000. Reston Wealth Management LLC purchased a new position in shares of Ford Motor in the 3rd quarter worth about $33,000. Access Investment Management LLC purchased a new position in shares of Ford Motor during the 3rd quarter valued at about $34,000. Finally, Modus Advisors LLC bought a new stake in Ford Motor in the 4th quarter worth approximately $34,000. 58.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Barclays cut their price objective on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Jefferies Financial Group downgraded Ford Motor from a “hold” rating to an “underperform” rating and decreased their price objective for the stock from $12.00 to $9.00 in a report on Monday, December 16th. Royal Bank of Canada restated a “sector perform” rating and set a $10.00 price target on shares of Ford Motor in a research report on Tuesday, October 29th. Morgan Stanley downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $16.00 to $12.00 in a research report on Wednesday, September 25th. Finally, The Goldman Sachs Group upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and raised their target price for the stock from $12.00 to $13.00 in a report on Tuesday, October 1st. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $11.83.

Ford Motor Price Performance

Shares of F opened at $10.44 on Wednesday. Ford Motor has a twelve month low of $9.49 and a twelve month high of $14.85. The company has a market capitalization of $41.51 billion, a P/E ratio of 11.87, a price-to-earnings-growth ratio of 1.96 and a beta of 1.64. The firm has a 50 day moving average of $10.36 and a 200 day moving average of $10.89. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $45.13 billion. During the same quarter in the previous year, the business earned $0.39 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. As a group, equities research analysts anticipate that Ford Motor will post 1.77 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 7th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 5.74%. Ford Motor’s dividend payout ratio (DPR) 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.