56,675 Shares in Ford Motor (NYSE:F) Purchased by Petrus Trust Company LTA

Petrus Trust Company LTA purchased a new position in Ford Motor (NYSE:F) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 56,675 shares of the auto manufacturer’s stock, valued at approximately $598,000.

A number of other hedge funds have also bought and sold shares of F. Simplicity Wealth LLC boosted its stake in Ford Motor by 13.3% in the second quarter. Simplicity Wealth LLC now owns 95,024 shares of the auto manufacturer’s stock valued at $1,192,000 after acquiring an additional 11,118 shares during the period. CX Institutional boosted its stake in Ford Motor by 16.6% in the second quarter. CX Institutional now owns 43,438 shares of the auto manufacturer’s stock valued at $545,000 after acquiring an additional 6,197 shares during the period. Clarius Group LLC boosted its stake in Ford Motor by 10.9% in the second quarter. Clarius Group LLC now owns 22,778 shares of the auto manufacturer’s stock valued at $286,000 after acquiring an additional 2,234 shares during the period. Symmetry Partners LLC boosted its stake in Ford Motor by 67.7% in the second quarter. Symmetry Partners LLC now owns 44,866 shares of the auto manufacturer’s stock valued at $563,000 after acquiring an additional 18,111 shares during the period. Finally, OLD National Bancorp IN boosted its stake in Ford Motor by 935.2% in the second quarter. OLD National Bancorp IN now owns 339,400 shares of the auto manufacturer’s stock valued at $4,256,000 after acquiring an additional 306,614 shares during the period. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Trading Down 0.6 %

Ford Motor stock opened at $10.75 on Thursday. The company’s fifty day simple moving average is $10.87 and its 200-day simple moving average is $11.39. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34. Ford Motor has a 12 month low of $9.49 and a 12 month high of $14.85. The stock has a market cap of $42.72 billion, a P/E ratio of 12.22, a P/E/G ratio of 2.00 and a beta of 1.62.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS 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 for the quarter, compared to analysts’ expectations of $45.13 billion. During the same period in the previous year, the company posted $0.39 EPS. Ford Motor’s revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts forecast that Ford Motor will post 1.81 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 7th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.58%. The ex-dividend date was Thursday, November 7th. Ford Motor’s payout ratio is presently 68.18%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Wolfe Research assumed coverage on Ford Motor in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. Wells Fargo & Company cut their price target on Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday, September 10th. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and lifted their price target for the company from $12.00 to $13.00 in a report on Tuesday, October 1st. Barclays cut their price target on Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Finally, Sanford C. Bernstein cut Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target on the stock. in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $12.08.

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.