Essex Financial Services Inc. Has $450,000 Holdings in Ford Motor (NYSE:F)

Essex Financial Services Inc. grew its position in Ford Motor (NYSE:F) by 30.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 45,465 shares of the auto manufacturer’s stock after acquiring an additional 10,679 shares during the period. Essex Financial Services Inc.’s holdings in Ford Motor were worth $450,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Hager Investment Management Services LLC acquired a new stake in Ford Motor in the fourth quarter worth $26,000. Reston Wealth Management LLC acquired a new position in shares of Ford Motor during the third quarter worth approximately $33,000. Access Investment Management LLC bought a new position in shares of Ford Motor in the 3rd quarter worth $34,000. Crewe Advisors LLC grew its position in Ford Motor by 169.9% in the 4th quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock valued at $33,000 after purchasing an additional 2,068 shares during the period. Finally, Modus Advisors LLC bought a new stake in Ford Motor during the 4th quarter valued at $34,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Analyst Ratings Changes

F has been the subject of a number of analyst reports. Royal Bank of Canada reduced their price objective on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating for the company in a report on Thursday, February 6th. Jefferies Financial Group lowered Ford Motor from a “hold” rating to an “underperform” rating and decreased their price objective for the stock from $12.00 to $9.00 in a report on Monday, December 16th. Wolfe Research restated an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Bank of America cut their target price on Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, October 30th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Ford Motor has an average rating of “Hold” and a consensus price target of $11.89.

Ford Motor Price Performance

Ford Motor stock opened at $9.24 on Thursday. The stock has a market cap of $36.72 billion, a price-to-earnings ratio of 6.33, a PEG ratio of 1.80 and a beta of 1.63. The company has a quick ratio of 0.98, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. The business has a 50-day simple moving average of $10.00 and a 200 day simple moving average of $10.50. Ford Motor has a 52 week low of $9.10 and a 52 week high of $14.85.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. On average, research analysts forecast that Ford Motor will post 1.7 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.60 annualized dividend and a dividend yield of 6.49%. Ford Motor’s dividend payout ratio (DPR) is presently 41.10%.

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.