Creative Planning Reduces Position in Ford Motor (NYSE:F)

Creative Planning decreased its holdings in shares of Ford Motor (NYSE:F - Free Report) by 3.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,874,002 shares of the auto manufacturer's stock after selling 66,971 shares during the period. Creative Planning's holdings in Ford Motor were worth $19,789,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Olistico Wealth LLC purchased a new stake in shares of Ford Motor during the second quarter valued at about $25,000. Family Firm Inc. purchased a new stake in Ford Motor during the second quarter valued at approximately $26,000. Quarry LP acquired a new stake in Ford Motor in the second quarter valued at approximately $27,000. Ridgewood Investments LLC purchased a new position in Ford Motor in the second quarter worth $28,000. Finally, Kimelman & Baird LLC acquired a new position in shares of Ford Motor during the second quarter worth $30,000. 58.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on F. Evercore ISI raised Ford Motor to a "hold" rating in a research report on Friday, July 26th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $11.00 price objective on shares of Ford Motor in a report on Tuesday, September 10th. Wolfe Research initiated coverage on shares of Ford Motor in a research note on Thursday, September 5th. They issued a "peer perform" rating for the company. Royal Bank of Canada decreased their price target on shares of Ford Motor from $13.00 to $10.00 and set a "sector perform" rating for the company in a report on Monday, August 12th. Finally, Morgan Stanley lowered shares of Ford Motor from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $16.00 to $12.00 in a report on Wednesday, September 25th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $12.56.

Ford Motor Price Performance

NYSE:F opened at $10.87 on Tuesday. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.17 and a quick ratio of 1.00. The company has a 50 day moving average price of $10.77 and a 200-day moving average price of $11.74. Ford Motor has a 1-year low of $9.49 and a 1-year high of $14.85. The firm has a market cap of $43.40 billion, a price-to-earnings ratio of 11.21, a price-to-earnings-growth ratio of 0.77 and a beta of 1.62.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share for the quarter, missing analysts' consensus estimates of $0.68 by ($0.21). Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The firm had revenue of $47.81 billion during the quarter, compared to analyst estimates of $47.79 billion. During the same quarter last year, the company posted $0.72 EPS. The company's revenue was up 6.3% on a year-over-year basis. Equities research analysts forecast that Ford Motor will post 1.88 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 7th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.52%. The ex-dividend date of this dividend was Wednesday, August 7th. Ford Motor's dividend payout ratio is presently 61.86%.

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.