Zhang Financial LLC Boosts Stake in Ford Motor (NYSE:F)

Zhang Financial LLC raised its stake in shares of Ford Motor (NYSE:F) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 163,564 shares of the auto manufacturer’s stock after acquiring an additional 3,116 shares during the quarter. Zhang Financial LLC’s holdings in Ford Motor were worth $1,619,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP bought a new stake in Ford Motor during the second quarter valued at about $27,000. Kimelman & Baird LLC bought a new position in Ford Motor in the second quarter worth about $30,000. Reston Wealth Management LLC purchased a new stake in shares of Ford Motor during the third quarter valued at about $33,000. Access Investment Management LLC bought a new stake in shares of Ford Motor in the 3rd quarter valued at about $34,000. Finally, Modus Advisors LLC purchased a new position in shares of Ford Motor in the 4th quarter worth approximately $34,000. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Price Performance

Shares of NYSE F opened at $10.17 on Monday. Ford Motor has a 52 week low of $9.49 and a 52 week high of $14.85. The business’s 50 day moving average price is $10.38 and its 200 day moving average price is $10.92. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34. The firm has a market cap of $40.43 billion, a P/E ratio of 11.56, a P/E/G ratio of 1.86 and a beta of 1.64.

Ford Motor (NYSE:F) last released its quarterly earnings data 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 the consensus estimate of $45.13 billion. During the same period in the prior year, the firm earned $0.39 EPS. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, sell-side analysts expect that Ford Motor will post 1.77 earnings per share for the current year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.90%. The ex-dividend date was Thursday, November 7th. Ford Motor’s dividend payout ratio is currently 68.18%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft decreased their target price 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. Barclays lowered their price objective on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Jefferies Financial Group lowered Ford Motor from a “hold” rating to an “underperform” rating and reduced their target price for the company from $12.00 to $9.00 in a research report on Monday, December 16th. Morgan Stanley cut Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $16.00 to $12.00 in a research note on Wednesday, September 25th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $10.00 price target on shares of Ford Motor in a research note on Tuesday, October 29th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $11.83.

Ford Motor Company 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.