Invst LLC Sells 1,199 Shares of Ford Motor (NYSE:F)

Invst LLC lessened its holdings in shares of Ford Motor (NYSE:F) by 9.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 11,797 shares of the auto manufacturer’s stock after selling 1,199 shares during the period. Invst LLC’s holdings in Ford Motor were worth $151,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Olistico Wealth LLC purchased a new position in Ford Motor during the second quarter valued at $25,000. Fortis Group Advisors LLC increased its holdings 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 valued at $26,000 after acquiring an additional 1,086 shares in the last quarter. Family Firm Inc. purchased a new position in shares of Ford Motor in the 2nd quarter worth about $26,000. Voisard Asset Management Group Inc. bought a new position in Ford Motor in the 4th quarter worth about $27,000. Finally, Financial Synergies Wealth Advisors Inc. grew its position in Ford Motor by 1,997.9% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 1,938 shares during the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Trading Up 1.8 %

Shares of Ford Motor stock opened at $10.76 on Wednesday. Ford Motor has a 1-year low of $9.49 and a 1-year high of $14.85. The company’s fifty day simple moving average is $10.73 and its 200-day simple moving average is $11.96. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.17 and a quick ratio of 1.00. The stock has a market capitalization of $42.94 billion, a PE ratio of 11.09, a P/E/G ratio of 0.79 and a beta of 1.62.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.21). Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The company had revenue of $47.81 billion for the quarter, compared to analysts’ expectations of $47.79 billion. During the same quarter last year, the firm posted $0.72 earnings per share. Ford Motor’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, equities analysts anticipate that Ford Motor will post 1.88 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 7th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.58%. Ford Motor’s dividend payout ratio (DPR) is presently 61.86%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Barclays dropped their target price on shares of Ford Motor from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Wells Fargo & Company cut their target price on Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Tuesday, September 10th. Wolfe Research began coverage on Ford Motor in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. Royal Bank of Canada dropped their price objective on Ford Motor from $13.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Monday, August 12th. Finally, Morgan Stanley lowered Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $16.00 to $12.00 in a research report on Wednesday, September 25th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $12.72.

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.