Tallon Kerry Patrick Purchases Shares of 12,063 Ford Motor (NYSE:F)

Tallon Kerry Patrick acquired a new position in shares of Ford Motor (NYSE:F) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,063 shares of the auto manufacturer’s stock, valued at approximately $116,000.

A number of other institutional investors and hedge funds also recently modified their holdings of F. Quarry LP bought a new position in Ford Motor during the second quarter worth $27,000. Kimelman & Baird LLC acquired a new stake in shares of Ford Motor during the 2nd quarter worth about $30,000. Reston Wealth Management LLC bought a new stake in shares of Ford Motor during the 3rd quarter worth about $33,000. Access Investment Management LLC acquired a new position in Ford Motor in the 3rd quarter valued at about $34,000. Finally, Modus Advisors LLC bought a new position in Ford Motor in the 4th quarter valued at about $34,000. 58.74% of the stock is owned by institutional investors.

Ford Motor Price Performance

F stock opened at $10.01 on Friday. 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 firm has a market cap of $39.76 billion, a P/E ratio of 11.37, a P/E/G ratio of 1.86 and a beta of 1.64. The company’s 50-day moving average price is $10.42 and its two-hundred day moving average price is $10.96.

Ford Motor (NYSE:F) last released its 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 firm had revenue of $46.20 billion for the quarter, compared to analyst estimates of $45.13 billion. During the same period last year, the firm earned $0.39 EPS. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, analysts anticipate that Ford Motor will post 1.77 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.00%. Ford Motor’s payout ratio is currently 68.18%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on F shares. Deutsche Bank Aktiengesellschaft reduced their price objective on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a report on Wednesday, October 30th. Barclays decreased their price objective on Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Royal Bank of Canada reissued a “sector perform” rating and set a $10.00 target price on shares of Ford Motor in a report on Tuesday, October 29th. Morgan Stanley cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $16.00 to $12.00 in a research report on Wednesday, September 25th. Finally, Sanford C. Bernstein lowered shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target on the stock. in a research report on Thursday, November 7th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Ford Motor has an average rating of “Hold” and a consensus target price of $11.83.

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.