Sigma Planning Corp Buys 58,675 Shares of Ford Motor (NYSE:F)

Sigma Planning Corp boosted its position in shares of Ford Motor (NYSE:F) by 14.7% in the third quarter, Holdings Channel.com reports. The firm owned 457,306 shares of the auto manufacturer’s stock after acquiring an additional 58,675 shares during the period. Sigma Planning Corp’s holdings in Ford Motor were worth $4,829,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Olistico Wealth LLC bought a new stake in shares of Ford Motor in the second quarter worth $25,000. Family Firm Inc. acquired a new stake in shares of Ford Motor in the second quarter valued at about $26,000. Quarry LP acquired a new position in shares of Ford Motor during the 2nd quarter worth approximately $27,000. Ridgewood Investments LLC bought a new stake in shares of Ford Motor during the 2nd quarter worth approximately $28,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of Ford Motor in the 2nd quarter valued at approximately $30,000. Institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Up 0.1 %

Shares of NYSE F opened at $10.97 on Monday. Ford Motor has a 52-week low of $9.49 and a 52-week high of $14.85. The company’s 50 day moving average price is $10.77 and its 200-day moving average price is $11.56. The company has a market capitalization of $43.60 billion, a P/E ratio of 12.47, a price-to-earnings-growth ratio of 2.03 and a beta of 1.62. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15.

Ford Motor (NYSE:F) last released its quarterly earnings data 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. The company had revenue of $46.20 billion during the quarter, compared to analyst estimates of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. Ford Motor’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.39 EPS. Equities analysts forecast that Ford Motor will post 1.82 earnings per share for the current year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 7th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.60 annualized dividend and a yield of 5.47%. Ford Motor’s payout ratio is currently 68.18%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Morgan Stanley cut Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $16.00 to $12.00 in a report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, October 30th. Royal Bank of Canada reissued a “sector perform” rating and set a $10.00 price target on shares of Ford Motor in a report on Tuesday, October 29th. Wells Fargo & Company decreased 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. Finally, Barclays lowered their price target on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $12.02.

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.