Winebrenner Capital Management LLC bought a new stake in Ford Motor (NYSE:F – Free Report) in the fourth quarter, Holdings Channel.com reports. The firm bought 11,081 shares of the auto manufacturer’s stock, valued at approximately $110,000.
A number of other hedge funds have also modified their holdings of the business. Hager Investment Management Services LLC acquired a new stake in Ford Motor during the fourth quarter worth about $26,000. Bank of Jackson Hole Trust acquired a new stake in Ford Motor during the fourth quarter worth about $29,000. Kentucky Trust Co acquired a new stake in Ford Motor during the fourth quarter worth about $31,000. Reston Wealth Management LLC acquired a new stake in Ford Motor during the third quarter worth about $33,000. Finally, Crewe Advisors LLC increased its position in Ford Motor by 169.9% during the fourth quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock worth $33,000 after purchasing an additional 2,068 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.
Ford Motor Trading Down 1.1 %
NYSE F opened at $9.29 on Friday. The firm has a 50 day simple moving average of $9.81 and a 200-day simple moving average of $10.44. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. Ford Motor has a one year low of $9.10 and a one year high of $14.85. The firm has a market cap of $36.80 billion, a price-to-earnings ratio of 6.36, a PEG ratio of 0.61 and a beta of 1.63.
Ford Motor Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be paid a $0.15 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a yield of 6.46%. Ford Motor’s dividend payout ratio is currently 41.10%.
Analysts Set New Price Targets
F has been the subject of several recent analyst reports. Wells Fargo & Company cut their price objective on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating for the company in a research report on Thursday, February 6th. Barclays lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $13.00 to $11.00 in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft lowered 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 note on Wednesday, October 30th. Jefferies Financial Group lowered shares of Ford Motor from a “hold” rating to an “underperform” rating and lowered their target price for the stock from $12.00 to $9.00 in a research note on Monday, December 16th. Finally, Bank of America lowered their target price on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Ford Motor presently has a consensus rating of “Hold” and an average target price of $11.89.
Get Our Latest Research Report on F
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.
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