Prosperity Consulting Group LLC Sells 27,037 Shares of Ford Motor (NYSE:F)

Prosperity Consulting Group LLC decreased its holdings in Ford Motor (NYSE:F) by 40.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,442 shares of the auto manufacturer’s stock after selling 27,037 shares during the quarter. Prosperity Consulting Group LLC’s holdings in Ford Motor were worth $507,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of F. Olistico Wealth LLC bought a new position in Ford Motor in the 2nd quarter valued at $25,000. Fortis Group Advisors LLC raised its position in shares of Ford Motor by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock worth $26,000 after acquiring an additional 1,086 shares during the last quarter. Family Firm Inc. bought a new stake in shares of Ford Motor during the second quarter worth $26,000. Voisard Asset Management Group Inc. bought a new stake in shares of Ford Motor during the fourth quarter worth $27,000. Finally, Financial Synergies Wealth Advisors Inc. raised its position in shares of Ford Motor by 1,997.9% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock worth $27,000 after acquiring an additional 1,938 shares during the last quarter. Institutional investors own 58.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada dropped their target price on Ford Motor from $13.00 to $10.00 and set a “sector perform” rating for the company in a research report on Monday, August 12th. Barclays dropped their target price on Ford Motor from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Wolfe Research started coverage on Ford Motor in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Wells Fargo & Company reduced their target price on Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday, September 10th. Finally, StockNews.com raised Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $12.95.

Ford Motor Stock Performance

Shares of F opened at $10.69 on Friday. The firm has a market cap of $42.50 billion, a P/E ratio of 11.02, a PEG ratio of 0.76 and a beta of 1.62. Ford Motor has a twelve month low of $9.49 and a twelve month high of $14.85. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.00 and a current ratio of 1.17. The firm’s 50 day moving average price is $11.47 and its two-hundred day moving average price is $12.09.

Ford Motor (NYSE:F) last posted its quarterly earnings data 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 company had revenue of $47.81 billion during the quarter, compared to the consensus estimate of $47.79 billion. Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The company’s revenue 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. On average, analysts forecast that Ford Motor will post 1.88 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Wednesday, August 7th. This represents a $0.60 annualized dividend and a dividend yield of 5.61%. Ford Motor’s dividend payout ratio is currently 61.86%.

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.