Neo Ivy Capital Management Acquires New Stake in Ford Motor (NYSE:F)

Neo Ivy Capital Management purchased a new position in shares of Ford Motor (NYSE:F - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 303,982 shares of the auto manufacturer's stock, valued at approximately $3,210,000. Ford Motor comprises about 1.0% of Neo Ivy Capital Management's holdings, making the stock its 11th biggest holding.

Several other large investors have also made changes to their positions in the business. Insight Wealth Partners LLC boosted its position in Ford Motor by 1.9% in the 2nd quarter. Insight Wealth Partners LLC now owns 44,144 shares of the auto manufacturer's stock worth $554,000 after purchasing an additional 843 shares in the last quarter. Pallas Capital Advisors LLC grew its position in shares of Ford Motor by 2.9% during the 2nd quarter. Pallas Capital Advisors LLC now owns 29,850 shares of the auto manufacturer's stock valued at $374,000 after acquiring an additional 846 shares during the period. Meridian Financial Partners LLC increased its stake in shares of Ford Motor by 1.1% in the 3rd quarter. Meridian Financial Partners LLC now owns 85,471 shares of the auto manufacturer's stock valued at $903,000 after purchasing an additional 953 shares in the last quarter. Apollon Wealth Management LLC raised its holdings in Ford Motor by 1.1% in the 3rd quarter. Apollon Wealth Management LLC now owns 92,950 shares of the auto manufacturer's stock worth $982,000 after purchasing an additional 969 shares during the period. Finally, Beaird Harris Wealth Management LLC boosted its position in Ford Motor by 3.0% during the second quarter. Beaird Harris Wealth Management LLC now owns 33,534 shares of the auto manufacturer's stock worth $421,000 after purchasing an additional 982 shares in the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wells Fargo & Company lowered their price objective on Ford Motor from $10.00 to $9.00 and set an "underweight" rating on the stock in a report 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 on the stock in a report on Wednesday, October 30th. The Goldman Sachs Group raised shares of Ford Motor from a "neutral" rating to a "buy" rating and upped their target price for the stock from $12.00 to $13.00 in a report on Tuesday, October 1st. Wolfe Research reissued an "underperform" rating on shares of Ford Motor in a research note on Thursday, December 5th. Finally, Morgan Stanley downgraded shares of Ford Motor from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $16.00 to $12.00 in a report on Wednesday, September 25th. 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $12.08.

Ford Motor Stock Down 1.2 %

F traded down $0.13 on Wednesday, hitting $10.43. 40,092,567 shares of the company were exchanged, compared to its average volume of 53,836,109. The firm has a 50-day moving average price of $10.85 and a two-hundred day moving average price of $11.34. The company has a market cap of $41.45 billion, a price-to-earnings ratio of 11.73, a price-to-earnings-growth ratio of 1.91 and a beta of 1.62. Ford Motor has a twelve month low of $9.49 and a twelve month high of $14.85. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34.

Ford Motor (NYSE:F - Get Free Report) last posted its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping 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 firm had revenue of $46.20 billion during the quarter, compared to analysts' expectations of $45.13 billion. During the same quarter in the previous year, the business earned $0.39 earnings per share. The firm's revenue was up 5.5% compared to the same quarter last year. On average, equities analysts predict that Ford Motor will post 1.81 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.75%. The ex-dividend date of this dividend was Thursday, November 7th. Ford Motor's payout ratio is currently 68.18%.

About Ford Motor

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.