Ford Motor (NYSE:F) Stake Increased by Centennial Wealth Advisory LLC

Centennial Wealth Advisory LLC lifted its stake in shares of Ford Motor (NYSE:F) by 6.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 47,970 shares of the auto manufacturer’s stock after acquiring an additional 2,704 shares during the quarter. Centennial Wealth Advisory LLC’s holdings in Ford Motor were worth $507,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norden Group LLC bought a new position in shares of Ford Motor during the first quarter valued at $255,000. Nordea Investment Management AB grew its stake in Ford Motor by 6.3% during the first quarter. Nordea Investment Management AB now owns 293,518 shares of the auto manufacturer’s stock worth $3,894,000 after buying an additional 17,280 shares during the last quarter. Whittier Trust Co. increased its holdings in shares of Ford Motor by 763.4% during the first quarter. Whittier Trust Co. now owns 5,655 shares of the auto manufacturer’s stock worth $75,000 after buying an additional 5,000 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in shares of Ford Motor in the first quarter valued at approximately $46,000. Finally, GSA Capital Partners LLP boosted its holdings in shares of Ford Motor by 42.3% in the 1st quarter. GSA Capital Partners LLP now owns 33,290 shares of the auto manufacturer’s stock worth $442,000 after acquiring an additional 9,901 shares in the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Stock Performance

Ford Motor stock traded up $0.37 during trading hours on Wednesday, hitting $10.97. 12,718,752 shares of the stock traded hands, compared to its average volume of 53,530,883. Ford Motor has a 1 year low of $9.49 and a 1 year high of $14.85. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98. The stock has a market capitalization of $43.61 billion, a price-to-earnings ratio of 12.06, a P/E/G ratio of 1.85 and a beta of 1.62. The firm’s 50 day moving average price is $10.77 and its 200-day moving average price is $11.59.

Ford Motor (NYSE:F) last posted its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $45.13 billion. During the same quarter in the prior year, the company earned $0.39 EPS. Ford Motor’s revenue was up 5.5% on a year-over-year basis. As a group, equities analysts expect that Ford Motor will post 1.82 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.47%. The ex-dividend date of this dividend is Thursday, November 7th. Ford Motor’s payout ratio is 68.18%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. StockNews.com raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Barclays decreased their price objective on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and increased their target price for the company from $12.00 to $13.00 in a research note on Tuesday, October 1st. Morgan Stanley lowered Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $16.00 to $12.00 in a research report on Wednesday, September 25th. Finally, Wolfe Research started coverage on shares of Ford Motor in a research report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $12.41.

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.