Miracle Mile Advisors LLC Raises Holdings in Ford Motor (NYSE:F)

Miracle Mile Advisors LLC lifted its holdings in Ford Motor (NYSE:F - Free Report) by 253.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 517,822 shares of the auto manufacturer's stock after purchasing an additional 371,436 shares during the quarter. Miracle Mile Advisors LLC's holdings in Ford Motor were worth $5,126,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of F. Quarry LP purchased a new position in Ford Motor in the 2nd quarter worth approximately $27,000. Kimelman & Baird LLC purchased a new position in Ford Motor during the 2nd quarter valued at approximately $30,000. Reston Wealth Management LLC bought a new position in shares of Ford Motor in the 3rd quarter valued at about $33,000. Access Investment Management LLC bought a new stake in Ford Motor during the third quarter worth approximately $34,000. Finally, Modus Advisors LLC bought a new stake in shares of Ford Motor in the 4th quarter valued at approximately $34,000. 58.74% of the stock is owned by institutional investors.

Ford Motor Stock Performance

Shares of Ford Motor stock traded up $0.06 during trading hours on Monday, hitting $9.71. 65,837,138 shares of the company were exchanged, compared to its average volume of 67,188,813. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. The stock has a market capitalization of $38.59 billion, a price-to-earnings ratio of 11.03, a P/E/G ratio of 1.89 and a beta of 1.64. The business has a 50-day moving average of $10.47 and a 200-day moving average of $11.01. Ford Motor has a 1 year low of $9.49 and a 1 year high of $14.85.

Ford Motor (NYSE:F - Get Free Report) last posted 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. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The business had revenue of $46.20 billion during the quarter, compared to analysts' expectations of $45.13 billion. During the same period last year, the firm earned $0.39 EPS. The company's quarterly revenue was up 5.5% compared to the same quarter last year. As a group, analysts expect that Ford Motor will post 1.81 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.18%. The ex-dividend date of this dividend was Thursday, November 7th. Ford Motor's dividend payout ratio (DPR) is 68.18%.

Analyst Upgrades and Downgrades

F has been the topic of several research analyst reports. Royal Bank of Canada restated a "sector perform" rating and set a $10.00 target price on shares of Ford Motor in a research note on Tuesday, October 29th. Barclays decreased their price objective on shares of Ford Motor from $14.00 to $13.00 and set an "overweight" rating for the company in a research report on Tuesday, October 29th. The Goldman Sachs Group raised shares of Ford Motor from a "neutral" rating to a "buy" rating and raised their price target for the stock from $12.00 to $13.00 in a research report on Tuesday, October 1st. Jefferies Financial Group cut shares of Ford Motor from a "hold" rating to an "underperform" rating and reduced their target price for the stock from $12.00 to $9.00 in a report on Monday, December 16th. Finally, Wolfe Research reaffirmed an "underperform" rating on shares of Ford Motor in a report on Thursday, December 5th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $11.83.

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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