Concurrent Investment Advisors LLC Decreases Holdings in Ford Motor (NYSE:F)

Concurrent Investment Advisors LLC trimmed its position in shares of Ford Motor (NYSE:F) by 19.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 167,766 shares of the auto manufacturer’s stock after selling 41,227 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Ford Motor were worth $1,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Insight Wealth Partners LLC raised its position in Ford Motor by 1.9% in the second quarter. Insight Wealth Partners LLC now owns 44,144 shares of the auto manufacturer’s stock worth $554,000 after acquiring an additional 843 shares during the period. Pallas Capital Advisors LLC lifted its position in Ford Motor by 2.9% during the second quarter. Pallas Capital Advisors LLC now owns 29,850 shares of the auto manufacturer’s stock valued at $374,000 after purchasing an additional 846 shares in the last quarter. RB Capital Management LLC grew its holdings in Ford Motor by 2.9% during the first quarter. RB Capital Management LLC now owns 30,380 shares of the auto manufacturer’s stock valued at $403,000 after purchasing an additional 857 shares during the period. Freestone Capital Holdings LLC increased its position in Ford Motor by 5.0% in the first quarter. Freestone Capital Holdings LLC now owns 18,346 shares of the auto manufacturer’s stock worth $244,000 after buying an additional 875 shares in the last quarter. Finally, Hilltop National Bank raised its stake in shares of Ford Motor by 7.1% in the second quarter. Hilltop National Bank now owns 14,159 shares of the auto manufacturer’s stock worth $178,000 after buying an additional 944 shares during the period. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. StockNews.com raised shares of Ford Motor from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Sanford C. Bernstein downgraded shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective on the stock. in a research report on Thursday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $10.00 target price on shares of Ford Motor in a report on Tuesday, October 29th. Wells Fargo & Company decreased their price target on Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday, September 10th. Finally, Barclays dropped their price objective on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $12.02.

Ford Motor Stock Performance

Shares of NYSE:F opened at $10.95 on Friday. The firm has a fifty day simple moving average of $10.77 and a two-hundred day simple moving average of $11.59. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34. The stock has a market capitalization of $43.53 billion, a P/E ratio of 12.44, a PEG ratio of 1.88 and a beta of 1.62. Ford Motor has a 52 week low of $9.49 and a 52 week high of $14.85.

Ford Motor (NYSE:F) last issued its quarterly earnings data 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. The company had revenue of $46.20 billion for the quarter, compared to analysts’ expectations of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.39 earnings per share. On average, analysts expect that Ford Motor will post 1.82 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.48%. Ford Motor’s dividend payout ratio is 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.