Spartan Fund Management Inc. Increases Holdings in Ford Motor (NYSE:F)

Spartan Fund Management Inc. raised its holdings in shares of Ford Motor (NYSE:F) by 1.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 96,000 shares of the auto manufacturer’s stock after buying an additional 1,600 shares during the quarter. Ford Motor comprises about 3.1% of Spartan Fund Management Inc.’s holdings, making the stock its 15th largest position. Spartan Fund Management Inc.’s holdings in Ford Motor were worth $1,014,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in F. Olistico Wealth LLC bought a new stake in Ford Motor during the second quarter worth about $25,000. Family Firm Inc. bought a new stake in Ford Motor during the second quarter worth about $26,000. Quarry LP bought a new stake in Ford Motor during the second quarter worth about $27,000. Ridgewood Investments LLC bought a new stake in Ford Motor during the second quarter worth about $28,000. Finally, Kimelman & Baird LLC bought a new stake in Ford Motor during the second quarter worth about $30,000. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

F has been the subject of a number of recent research reports. Wolfe Research assumed coverage on Ford Motor in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. Wells Fargo & Company dropped their price target 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. Royal Bank of Canada reduced their price objective on shares of Ford Motor from $13.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Monday, August 12th. StockNews.com raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $11.00 price target on shares of Ford Motor in a research report on Tuesday, September 10th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $12.56.

Ford Motor Trading Up 1.8 %

NYSE:F traded up $0.20 during midday trading on Tuesday, hitting $11.08. 32,363,079 shares of the company traded hands, compared to its average volume of 53,091,164. The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 2.30. The firm’s fifty day moving average is $10.77 and its 200-day moving average is $11.74. Ford Motor has a 12-month low of $9.49 and a 12-month high of $14.85. The firm has a market capitalization of $44.24 billion, a P/E ratio of 11.38, a P/E/G ratio of 0.77 and a beta of 1.62.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The firm had revenue of $47.81 billion during the quarter, compared to the consensus estimate of $47.79 billion. During the same quarter in the prior year, the business posted $0.72 earnings per share. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. On average, sell-side analysts predict that Ford Motor will post 1.88 EPS for the current year.

Ford Motor Dividend Announcement

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