Proactive Wealth Strategies LLC Buys New Position in Ford Motor (NYSE:F)

Proactive Wealth Strategies LLC purchased a new position in shares of Ford Motor (NYSE:F) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,290 shares of the auto manufacturer’s stock, valued at approximately $109,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Olistico Wealth LLC purchased a new stake in Ford Motor in the 2nd quarter valued at about $25,000. Family Firm Inc. purchased a new stake in Ford Motor in the second quarter valued at approximately $26,000. Quarry LP acquired a new position in Ford Motor during the second quarter worth approximately $27,000. Ridgewood Investments LLC purchased a new position in Ford Motor during the second quarter worth approximately $28,000. Finally, Kimelman & Baird LLC acquired a new position in shares of Ford Motor in the 2nd quarter valued at $30,000. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on F shares. Deutsche Bank Aktiengesellschaft dropped 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. Wolfe Research started coverage on Ford Motor in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Barclays decreased their target price on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Royal Bank of Canada restated a “sector perform” rating and issued a $10.00 price target on shares of Ford Motor in a report on Tuesday, October 29th. Finally, Morgan Stanley cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their price target for the company 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, eleven have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $12.02.

Ford Motor Stock Performance

NYSE:F opened at $11.11 on Wednesday. The firm has a 50-day moving average of $10.77 and a two-hundred day moving average of $11.54. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98. The stock has a market cap of $44.13 billion, a P/E ratio of 12.62, a PEG ratio of 1.99 and a beta of 1.62. Ford Motor has a 1-year low of $9.49 and a 1-year high of $14.85.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The firm had revenue of $46.20 billion during the quarter, compared to the consensus estimate of $45.13 billion. During the same quarter in the prior year, the business posted $0.39 earnings per share. Ford Motor’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, research analysts expect that Ford Motor will post 1.82 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date of this dividend is Thursday, November 7th. Ford Motor’s payout ratio is currently 68.18%.

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.