Smith Chas P & Associates PA Cpas Cuts Stock Position in Ford Motor (NYSE:F)

Smith Chas P & Associates PA Cpas trimmed its holdings in shares of Ford Motor (NYSE:F) by 10.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,117 shares of the auto manufacturer’s stock after selling 1,150 shares during the period. Smith Chas P & Associates PA Cpas’ holdings in Ford Motor were worth $100,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Quarry LP purchased a new stake in Ford Motor during the 2nd quarter worth $27,000. Kimelman & Baird LLC purchased a new stake in shares of Ford Motor during the second quarter worth about $30,000. Reston Wealth Management LLC acquired a new position in shares of Ford Motor in the third quarter worth about $33,000. Access Investment Management LLC purchased a new position in Ford Motor in the third quarter valued at about $34,000. Finally, Modus Advisors LLC acquired a new stake in Ford Motor during the 4th quarter valued at approximately $34,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $10.00 target price on shares of Ford Motor in a research note 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 target price for the company. in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Wednesday, October 30th. Wolfe Research reissued an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Finally, The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and increased their target price for the stock from $12.00 to $13.00 in a report on Tuesday, October 1st. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $11.82.

Ford Motor Stock Down 0.4 %

Ford Motor stock opened at $10.12 on Friday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. Ford Motor has a one year low of $9.49 and a one year high of $14.85. The company has a 50-day simple moving average of $10.29 and a 200-day simple moving average of $10.84. The firm has a market capitalization of $40.20 billion, a P/E ratio of 11.49, a P/E/G ratio of 1.93 and a beta of 1.64.

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. The company had revenue of $46.20 billion for the quarter, compared to analyst estimates of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. Ford Motor’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.39 earnings per share. As a group, equities analysts expect that Ford Motor will post 1.77 earnings per share for the current year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 5.93%. Ford Motor’s dividend payout ratio (DPR) is presently 68.18%.

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.