OneAscent Financial Services LLC bought a new position in Ford Motor (NYSE:F - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 51,605 shares of the auto manufacturer's stock, valued at approximately $545,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in F. Dimensional Fund Advisors LP raised its stake in shares of Ford Motor by 27.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer's stock valued at $453,732,000 after buying an additional 7,793,944 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Ford Motor by 1.0% in the 2nd quarter. Legal & General Group Plc now owns 31,823,353 shares of the auto manufacturer's stock valued at $399,066,000 after purchasing an additional 318,715 shares in the last quarter. LSV Asset Management increased its stake in shares of Ford Motor by 1.6% in the 2nd quarter. LSV Asset Management now owns 20,115,487 shares of the auto manufacturer's stock valued at $252,248,000 after purchasing an additional 312,496 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in shares of Ford Motor by 11.0% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 12,290,204 shares of the auto manufacturer's stock valued at $163,214,000 after purchasing an additional 1,214,640 shares in the last quarter. Finally, Swiss National Bank increased its stake in shares of Ford Motor by 0.7% in the 3rd quarter. Swiss National Bank now owns 11,639,886 shares of the auto manufacturer's stock valued at $122,917,000 after purchasing an additional 84,600 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company's stock.
Ford Motor Stock Down 1.4 %
Shares of Ford Motor stock traded down $0.16 during trading hours on Tuesday, reaching $11.05. 53,147,465 shares of the company were exchanged, compared to its average volume of 53,890,152. Ford Motor has a 1 year low of $9.49 and a 1 year high of $14.85. The stock's fifty day moving average is $10.81 and its 200 day moving average is $11.48. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. The firm has a market cap of $43.92 billion, a PE ratio of 12.56, a PEG ratio of 2.00 and a beta of 1.62.
Ford Motor (NYSE:F - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.02. The business had revenue of $46.20 billion for the quarter, compared to analyst estimates of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The company's revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 earnings per share. As a group, equities research analysts forecast that Ford Motor will post 1.82 earnings per share for the current year.
Ford Motor Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 7th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.43%. Ford Motor's payout ratio is currently 68.18%.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on F shares. Deutsche Bank Aktiengesellschaft cut their price target on Ford Motor from $11.00 to $10.00 and set a "hold" rating for the company in a research note on Wednesday, October 30th. Barclays lowered their price objective on Ford Motor from $14.00 to $13.00 and set an "overweight" rating on the stock in a report on Tuesday, October 29th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $10.00 price objective on shares of Ford Motor in a report on Tuesday, October 29th. StockNews.com upgraded Ford Motor from a "sell" rating to a "hold" rating in a report on Friday, August 2nd. Finally, Morgan Stanley cut Ford Motor from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $16.00 to $12.00 in a report on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $12.02.
Read Our Latest Analysis on F
Ford Motor Company Profile
(
Free Report)
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.
Recommended Stories
Before you consider Ford Motor, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ford Motor wasn't on the list.
While Ford Motor currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
