Soltis Investment Advisors LLC Has $177,000 Stake in Ford Motor (NYSE:F)

Soltis Investment Advisors LLC reduced its holdings in shares of Ford Motor (NYSE:F) by 19.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,761 shares of the auto manufacturer’s stock after selling 4,115 shares during the period. Soltis Investment Advisors LLC’s holdings in Ford Motor were worth $177,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Sunbelt Securities Inc. boosted its stake in Ford Motor by 21.4% during the third quarter. Sunbelt Securities Inc. now owns 40,674 shares of the auto manufacturer’s stock worth $430,000 after acquiring an additional 7,175 shares in the last quarter. Neo Ivy Capital Management acquired a new position in shares of Ford Motor during the third quarter valued at about $3,210,000. Geode Capital Management LLC boosted its position in shares of Ford Motor by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 81,989,157 shares of the auto manufacturer’s stock worth $863,009,000 after purchasing an additional 1,336,676 shares in the last quarter. Sender Co & Partners Inc. acquired a new stake in shares of Ford Motor in the 3rd quarter valued at about $720,000. Finally, Executive Wealth Management LLC bought a new stake in Ford Motor in the 3rd quarter valued at about $473,000. 58.74% of the stock is owned by institutional investors.

Ford Motor Stock Down 0.1 %

F stock opened at $10.40 on Friday. The stock has a 50-day simple moving average of $10.85 and a two-hundred day simple moving average of $11.33. Ford Motor has a twelve month low of $9.49 and a twelve month high of $14.85. The firm has a market capitalization of $41.33 billion, a PE ratio of 11.82, a PEG ratio of 1.91 and a beta of 1.62. 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 (NYSE:F) last announced 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 firm had revenue of $46.20 billion during the quarter, compared to the consensus estimate 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, equities analysts predict that Ford Motor will post 1.81 EPS 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 issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.77%. The ex-dividend date was Thursday, November 7th. Ford Motor’s payout ratio is 68.18%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on F shares. The Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $12.00 to $13.00 in a research report on Tuesday, October 1st. Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Barclays lowered their price target 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. Sanford C. Bernstein downgraded shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective on the stock. in a report on Thursday, November 7th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $10.00 target price on shares of Ford Motor in a report on Tuesday, October 29th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price 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.