Kovitz Investment Group Partners LLC Has $2.16 Million Stock Position in Ford Motor (NYSE:F)

Kovitz Investment Group Partners LLC increased its position in shares of Ford Motor (NYSE:F) by 40.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 204,126 shares of the auto manufacturer’s stock after acquiring an additional 59,160 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Ford Motor were worth $2,156,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in F. RFG Advisory LLC lifted its stake in Ford Motor by 15.9% in the 2nd quarter. RFG Advisory LLC now owns 30,923 shares of the auto manufacturer’s stock worth $388,000 after acquiring an additional 4,234 shares in the last quarter. Cooper Financial Group purchased a new stake in shares of Ford Motor in the second quarter worth approximately $154,000. Wedmont Private Capital boosted its holdings in shares of Ford Motor by 13.8% during the second quarter. Wedmont Private Capital now owns 19,479 shares of the auto manufacturer’s stock worth $244,000 after purchasing an additional 2,355 shares during the period. Maia Wealth LLC purchased a new position in Ford Motor during the second quarter valued at approximately $134,000. Finally, V Square Quantitative Management LLC increased its stake in Ford Motor by 6.3% in the 2nd quarter. V Square Quantitative Management LLC now owns 33,519 shares of the auto manufacturer’s stock valued at $420,000 after buying an additional 1,988 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Performance

Shares of F opened at $10.62 on Tuesday. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98. Ford Motor has a one year low of $9.49 and a one year high of $14.85. The company’s fifty day moving average price is $10.86 and its 200 day moving average price is $11.35. The company has a market capitalization of $42.21 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 1.91 and a beta of 1.62.

Ford Motor (NYSE:F) last announced its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02. The firm had revenue of $46.20 billion during the quarter, compared to the consensus estimate of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.39 EPS. As a group, analysts expect that Ford Motor will post 1.81 earnings per share for the current year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.65%. The ex-dividend date of this dividend was Thursday, November 7th. Ford Motor’s dividend payout ratio is currently 68.18%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on F shares. Morgan Stanley cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $16.00 to $12.00 in a report on Wednesday, September 25th. Sanford C. Bernstein lowered Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price on the stock. in a research report on Thursday, November 7th. Royal Bank of Canada reiterated a “sector perform” rating and set a $10.00 price target on shares of Ford Motor in a report on Tuesday, October 29th. Wells Fargo & Company dropped their price objective on Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday, September 10th. Finally, Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Ford Motor currently has a consensus rating of “Hold” and an average price target of $12.08.

Ford Motor Company 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.