Ford Motor (NYSE:F) Shares Sold by Smith Chas P & Associates PA Cpas

Smith Chas P & Associates PA Cpas trimmed its holdings in shares of Ford Motor (NYSE:F) by 27.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,267 shares of the auto manufacturer’s stock after selling 4,251 shares during the quarter. Smith Chas P & Associates PA Cpas’ holdings in Ford Motor were worth $119,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of F. Olistico Wealth LLC purchased a new position in Ford Motor during the 2nd quarter valued at about $25,000. Financial Synergies Wealth Advisors Inc. boosted its holdings in Ford Motor by 1,997.9% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock valued at $27,000 after acquiring an additional 1,938 shares during the period. Family Firm Inc. purchased a new position in Ford Motor during the 2nd quarter valued at about $26,000. Quarry LP purchased a new position in Ford Motor during the 2nd quarter valued at about $27,000. Finally, Fortis Group Advisors LLC boosted its holdings in Ford Motor by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock valued at $26,000 after acquiring an additional 1,086 shares during the period. 58.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on F shares. The Goldman Sachs Group upgraded 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. StockNews.com upgraded Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Morgan Stanley cut Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $16.00 to $12.00 in a research note on Wednesday, September 25th. Wells Fargo & Company decreased their price objective on Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Tuesday, September 10th. Finally, Wolfe Research started coverage on Ford Motor in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Ford Motor currently has a consensus rating of “Hold” and a consensus target price of $12.72.

Ford Motor Price Performance

Shares of NYSE F opened at $10.72 on Monday. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.00 and a current ratio of 1.17. Ford Motor has a fifty-two week low of $9.49 and a fifty-two week high of $14.85. The firm has a market capitalization of $42.80 billion, a PE ratio of 11.05, a price-to-earnings-growth ratio of 0.77 and a beta of 1.62. The stock’s 50-day simple moving average is $10.64 and its 200-day simple moving average is $11.84.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.21). The firm had revenue of $47.81 billion for the quarter, compared to analyst estimates of $47.79 billion. Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the firm earned $0.72 EPS. As a group, equities research analysts forecast that Ford Motor will post 1.88 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 7th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.60%. The ex-dividend date was Wednesday, August 7th. Ford Motor’s dividend payout ratio (DPR) is 61.86%.

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.