Stifel Financial Corp lowered its stake in Ford Motor (NYSE:F - Free Report) by 9.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,370,052 shares of the auto manufacturer's stock after selling 141,126 shares during the period. Stifel Financial Corp's holdings in Ford Motor were worth $14,468,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Family Firm Inc. acquired a new position in shares of Ford Motor in the 2nd quarter worth approximately $26,000. Quarry LP bought a new stake in Ford Motor in the 2nd quarter valued at $27,000. Ridgewood Investments LLC acquired a new stake in shares of Ford Motor in the second quarter valued at approximately $28,000. Kimelman & Baird LLC acquired a new position in Ford Motor during the second quarter valued at approximately $30,000. Finally, Reston Wealth Management LLC acquired a new position in shares of Ford Motor during the 3rd quarter worth about $33,000. Institutional investors and hedge funds own 58.74% of the company's stock.
Analyst Ratings Changes
F has been the subject of several research analyst reports. The Goldman Sachs Group upgraded shares of Ford Motor from a "neutral" rating to a "buy" rating and upped their price target for the stock from $12.00 to $13.00 in a report on Tuesday, October 1st. 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 report on Wednesday, October 30th. Sanford C. Bernstein lowered Ford Motor from an "outperform" rating to a "market perform" rating and set a $11.00 price objective for the company. in a report on Thursday, November 7th. Royal Bank of Canada reissued a "sector perform" rating and set a $10.00 price target on shares of Ford Motor in a research report on Tuesday, October 29th. Finally, Wells Fargo & Company lowered their target price 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. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $12.08.
Check Out Our Latest Analysis on F
Ford Motor Trading Down 1.3 %
Shares of F stock traded down $0.14 during trading hours on Wednesday, reaching $10.42. 51,230,369 shares of the stock were exchanged, compared to its average volume of 53,878,215. The company's 50-day moving average price is $10.85 and its 200-day moving average price is $11.34. Ford Motor has a 12-month low of $9.49 and a 12-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. The firm has a market capitalization of $41.41 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 (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 analysts' consensus estimates of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The company had revenue of $46.20 billion during the quarter, compared to analyst estimates of $45.13 billion. During the same quarter in the prior year, the business earned $0.39 earnings per share. Ford Motor's revenue was up 5.5% on a year-over-year basis. As a group, equities analysts anticipate 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. Investors of record on Thursday, November 7th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.76%. The ex-dividend date of this dividend was Thursday, November 7th. Ford Motor's dividend payout ratio is currently 68.18%.
About Ford Motor
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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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