Good Life Advisors LLC Increases Stock Position in Ford Motor (NYSE:F)

Good Life Advisors LLC grew its position in shares of Ford Motor (NYSE:F) by 101.2% in the third quarter, HoldingsChannel reports. The firm owned 150,472 shares of the auto manufacturer’s stock after buying an additional 75,680 shares during the quarter. Good Life Advisors LLC’s holdings in Ford Motor were worth $1,589,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Avaii Wealth Management LLC bought a new position in Ford Motor during the third quarter valued at approximately $112,000. nVerses Capital LLC raised its holdings in shares of Ford Motor by 239.6% during the 3rd quarter. nVerses Capital LLC now owns 95,100 shares of the auto manufacturer’s stock worth $1,004,000 after acquiring an additional 67,100 shares in the last quarter. Cornerstone Wealth Management LLC boosted its position in shares of Ford Motor by 3.2% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 87,268 shares of the auto manufacturer’s stock valued at $922,000 after acquiring an additional 2,710 shares during the last quarter. Alliance Wealth Advisors LLC grew its holdings in shares of Ford Motor by 42.3% in the third quarter. Alliance Wealth Advisors LLC now owns 29,801 shares of the auto manufacturer’s stock valued at $315,000 after purchasing an additional 8,860 shares in the last quarter. Finally, B.O.S.S. Retirement Advisors LLC increased its position in Ford Motor by 6.0% in the third quarter. B.O.S.S. Retirement Advisors LLC now owns 123,523 shares of the auto manufacturer’s stock worth $1,304,000 after purchasing an additional 7,021 shares during the last quarter. 58.74% of the stock is owned by institutional investors.

Ford Motor Stock Performance

Shares of Ford Motor stock opened at $11.08 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 2.30. The stock’s fifty day moving average is $10.73 and its two-hundred day moving average is $11.80. Ford Motor has a 52 week low of $9.49 and a 52 week high of $14.85. The company has a market capitalization of $44.24 billion, a PE ratio of 11.42, a price-to-earnings-growth ratio of 0.77 and a beta of 1.62.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). The company had revenue of $47.81 billion for the quarter, compared to analysts’ expectations of $47.79 billion. Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.72 earnings per share. As a group, analysts expect that Ford Motor will post 1.88 earnings per share for the current year.

Ford Motor Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 7th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.42%. The ex-dividend date of this dividend was Wednesday, August 7th. Ford Motor’s dividend payout ratio (DPR) is presently 61.86%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. The Goldman Sachs Group upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and increased their price objective for the company from $12.00 to $13.00 in a research report on Tuesday, October 1st. Morgan Stanley downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $16.00 to $12.00 in a report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $11.00 price objective on shares of Ford Motor in a research note on Tuesday, September 10th. Wells Fargo & Company lowered 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, StockNews.com raised Ford Motor from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Ford Motor presently has an average rating of “Hold” and a consensus target price of $12.56.

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.