Focus Financial Network Inc. Decreases Stake in Ford Motor (NYSE:F)

Focus Financial Network Inc. lessened its holdings in Ford Motor (NYSE:F) by 18.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 78,586 shares of the auto manufacturer’s stock after selling 17,411 shares during the period. Focus Financial Network Inc.’s holdings in Ford Motor were worth $778,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of F. Exchange Traded Concepts LLC increased its holdings in Ford Motor by 250.5% during the third quarter. Exchange Traded Concepts LLC now owns 31,208 shares of the auto manufacturer’s stock worth $330,000 after buying an additional 22,305 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Ford Motor by 315.1% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 11,540 shares of the auto manufacturer’s stock valued at $122,000 after acquiring an additional 8,760 shares during the period. Wesbanco Bank Inc. increased its stake in shares of Ford Motor by 4.3% during the 3rd quarter. Wesbanco Bank Inc. now owns 85,917 shares of the auto manufacturer’s stock worth $907,000 after purchasing an additional 3,523 shares during the last quarter. Swedbank AB raised its holdings in shares of Ford Motor by 13.5% in the 3rd quarter. Swedbank AB now owns 942,663 shares of the auto manufacturer’s stock worth $9,955,000 after purchasing an additional 112,066 shares during the period. Finally, Magnus Financial Group LLC purchased a new position in Ford Motor in the third quarter valued at approximately $160,000. 58.74% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on F shares. Wells Fargo & Company decreased their target price on Ford Motor from $9.00 to $8.00 and set an “underweight” rating for the company in a research report on Thursday, February 6th. Jefferies Financial Group lowered Ford Motor from a “hold” rating to an “underperform” rating and decreased their price objective for the stock from $12.00 to $9.00 in a report on Monday, December 16th. Evercore ISI dropped their price objective on shares of Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a report on Monday. JPMorgan Chase & Co. reduced their target price on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. Finally, Wolfe Research restated an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Ford Motor has an average rating of “Hold” and an average price target of $11.89.

Ford Motor Price Performance

Ford Motor stock opened at $9.24 on Thursday. The business has a 50-day simple moving average of $10.00 and a 200 day simple moving average of $10.50. Ford Motor has a 52 week low of $9.10 and a 52 week high of $14.85. The stock has a market cap of $36.72 billion, a price-to-earnings ratio of 6.33, a PEG ratio of 1.80 and a beta of 1.63. The company has a quick ratio of 0.98, a current ratio of 1.16 and a debt-to-equity ratio of 2.31.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. On average, research analysts forecast that Ford Motor will post 1.7 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.49%. The ex-dividend date of this dividend is Tuesday, February 18th. Ford Motor’s payout ratio is 41.10%.

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.