Beaird Harris Wealth Management LLC Has $292,000 Stock Position in Ford Motor (NYSE:F)

Beaird Harris Wealth Management LLC lessened its stake in shares of Ford Motor (NYSE:F) by 17.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 27,612 shares of the auto manufacturer’s stock after selling 5,922 shares during the quarter. Beaird Harris Wealth Management LLC’s holdings in Ford Motor were worth $292,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of F. Worldquant Millennium Advisors LLC acquired a new stake in shares of Ford Motor in the third quarter worth $55,456,000. ING Groep NV lifted its stake in Ford Motor by 93.4% in the 3rd quarter. ING Groep NV now owns 1,181,128 shares of the auto manufacturer’s stock worth $12,473,000 after acquiring an additional 570,293 shares in the last quarter. OneAscent Financial Services LLC acquired a new stake in Ford Motor during the 3rd quarter worth about $545,000. Quantbot Technologies LP increased its holdings in shares of Ford Motor by 1,157.9% in the 3rd quarter. Quantbot Technologies LP now owns 181,006 shares of the auto manufacturer’s stock valued at $1,911,000 after purchasing an additional 166,617 shares during the period. Finally, GSA Capital Partners LLP lifted its position in Ford Motor by 20.8% in the 3rd quarter. GSA Capital Partners LLP now owns 91,278 shares of the auto manufacturer’s stock worth $964,000 after buying an additional 15,729 shares in the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

F has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday, October 30th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $10.00 target price on shares of Ford Motor in a research report on Tuesday, October 29th. Morgan Stanley lowered Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $16.00 to $12.00 in a report on Wednesday, September 25th. Sanford C. Bernstein downgraded Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective on the stock. in a report on Thursday, November 7th. Finally, Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $12.08.

Ford Motor Price Performance

NYSE:F opened at $10.40 on Friday. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98. Ford Motor has a one year low of $9.49 and a one year high of $14.85. The company has a fifty day moving average price of $10.85 and a 200 day moving average price of $11.33. The stock has a market cap of $41.33 billion, a P/E ratio of 11.82, a PEG ratio of 1.90 and a beta of 1.62.

Ford Motor (NYSE:F) last released its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The business had revenue of $46.20 billion during the quarter, compared to analysts’ expectations of $45.13 billion. During the same quarter last year, the company earned $0.39 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. Analysts anticipate that Ford Motor will post 1.81 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.77%. The ex-dividend date was Thursday, November 7th. Ford Motor’s payout ratio is presently 68.18%.

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.