MML Investors Services LLC raised its stake in Ford Motor (NYSE:F - Free Report) by 8.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 966,692 shares of the auto manufacturer's stock after purchasing an additional 77,996 shares during the period. MML Investors Services LLC's holdings in Ford Motor were worth $10,208,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of F. Family Firm Inc. bought a new position in shares of Ford Motor during the 2nd quarter worth approximately $26,000. Quarry LP acquired a new stake in shares of Ford Motor during the 2nd quarter worth about $27,000. Ridgewood Investments LLC bought a new position in Ford Motor during the 2nd quarter valued at about $28,000. Kimelman & Baird LLC acquired a new position in Ford Motor in the second quarter valued at about $30,000. Finally, Reston Wealth Management LLC bought a new stake in Ford Motor during the third quarter worth about $33,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research analysts have recently issued reports on F shares. The Goldman Sachs Group raised shares of Ford Motor from a "neutral" rating to a "buy" rating and raised their target price for the company from $12.00 to $13.00 in a research note on Tuesday, October 1st. Wolfe Research reaffirmed an "underperform" rating on shares of Ford Motor in a report on Thursday, December 5th. Wells Fargo & Company cut their price target on Ford Motor from $10.00 to $9.00 and set an "underweight" rating on the stock in a research note on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft decreased their price objective 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. Finally, 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 note on Thursday, November 7th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Ford Motor has a consensus rating of "Hold" and an average target price of $12.08.
View Our Latest Stock Analysis on Ford Motor
Ford Motor Stock Performance
Ford Motor stock traded down $0.16 during mid-day trading on Wednesday, hitting $10.41. 60,393,212 shares of the company's stock traded hands, compared to its average volume of 53,925,445. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98. The firm has a 50 day simple moving average of $10.85 and a two-hundred day simple moving average of $11.34. Ford Motor has a fifty-two week low of $9.49 and a fifty-two week high of $14.85. The stock has a market cap of $41.35 billion, a price-to-earnings ratio of 11.82, a P/E/G ratio of 1.91 and a beta of 1.62.
Ford Motor (NYSE:F - Get Free Report) last released its quarterly 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. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The firm had revenue of $46.20 billion for the quarter, compared to analysts' expectations of $45.13 billion. During the same period in the prior year, the firm earned $0.39 EPS. The business's revenue was up 5.5% on a year-over-year basis. On average, research 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. Shareholders of record on Thursday, November 7th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.77%. The ex-dividend date was Thursday, November 7th. Ford Motor's dividend payout ratio (DPR) is 68.18%.
About Ford Motor
(
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.
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