Summit Financial Wealth Advisors LLC Sells 6,885 Shares of Ford Motor (NYSE:F)

Summit Financial Wealth Advisors LLC decreased its holdings in Ford Motor (NYSE:F) by 35.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 12,418 shares of the auto manufacturer’s stock after selling 6,885 shares during the quarter. Summit Financial Wealth Advisors LLC’s holdings in Ford Motor were worth $131,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of F. Olistico Wealth LLC bought a new stake in shares of Ford Motor during the second quarter valued at approximately $25,000. Family Firm Inc. acquired a new position in Ford Motor during the 2nd quarter worth $26,000. Quarry LP bought a new position in Ford Motor in the 2nd quarter valued at $27,000. Ridgewood Investments LLC acquired a new stake in shares of Ford Motor in the 2nd quarter valued at $28,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of Ford Motor in the 2nd quarter valued at $30,000. Institutional investors own 58.74% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. StockNews.com raised Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Morgan Stanley downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $16.00 to $12.00 in a research report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, October 30th. The Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and raised their price objective for the company from $12.00 to $13.00 in a research note on Tuesday, October 1st. Finally, Sanford C. Bernstein cut shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price for the company. in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Ford Motor currently has an average rating of “Hold” and a consensus target price of $12.02.

Ford Motor Trading Up 2.0 %

NYSE F opened at $11.40 on Tuesday. Ford Motor has a one year low of $9.49 and a one 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 firm has a market cap of $45.31 billion, a P/E ratio of 12.95, a P/E/G ratio of 2.04 and a beta of 1.62. The stock’s 50-day moving average is $10.84 and its 200-day moving average is $11.45.

Ford Motor (NYSE:F) last announced its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, topping 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 firm had revenue of $46.20 billion for the quarter, compared to the consensus estimate of $45.13 billion. During the same period last year, the company posted $0.39 EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis. Sell-side analysts anticipate that Ford Motor will post 1.81 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.26%. The ex-dividend date of this dividend is Thursday, November 7th. Ford Motor’s dividend payout ratio (DPR) 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.