Pacific Wealth Strategies Group Inc. Makes New Investment in Ford Motor (NYSE:F)

Pacific Wealth Strategies Group Inc. purchased a new position in Ford Motor (NYSE:F) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 11,500 shares of the auto manufacturer’s stock, valued at approximately $114,000.

Several other hedge funds have also recently modified their holdings of F. Assenagon Asset Management S.A. grew its position in shares of Ford Motor by 14,373.9% during the third quarter. Assenagon Asset Management S.A. now owns 8,885,389 shares of the auto manufacturer’s stock valued at $93,830,000 after purchasing an additional 8,824,000 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in Ford Motor by 112.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 11,976,950 shares of the auto manufacturer’s stock valued at $126,477,000 after purchasing an additional 6,348,185 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Ford Motor by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 122,609,058 shares of the auto manufacturer’s stock worth $1,294,752,000 after buying an additional 5,270,562 shares during the last quarter. Worldquant Millennium Advisors LLC purchased a new stake in shares of Ford Motor during the 3rd quarter valued at about $55,456,000. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in Ford Motor by 420.2% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,042,820 shares of the auto manufacturer’s stock worth $63,812,000 after acquiring an additional 4,881,105 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Trading Down 0.1 %

Shares of Ford Motor stock opened at $9.25 on Friday. The stock has a market cap of $36.76 billion, a PE ratio of 6.34, a price-to-earnings-growth ratio of 1.80 and a beta of 1.63. The firm has a fifty day moving average price of $10.06 and a 200 day moving average price of $10.57. Ford Motor has a 1 year low of $9.18 and a 1 year high of $14.85. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 0.98.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. Equities research analysts predict that Ford Motor will post 1.7 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.49%. The ex-dividend date of this dividend is Tuesday, February 18th. Ford Motor’s dividend payout ratio (DPR) is 41.10%.

Analyst Upgrades and Downgrades

F has been the topic of several analyst reports. JPMorgan Chase & Co. cut their target price on Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday. Royal Bank of Canada dropped their price objective on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research note on Thursday. Bank of America dropped their price target on Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a research report on Thursday. Barclays lowered Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $13.00 to $11.00 in a report on Wednesday, January 22nd. Finally, Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $12.04.

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.