Steele Capital Management Inc. Has $236,000 Position in Ford Motor (NYSE:F)

Steele Capital Management Inc. boosted its holdings in shares of Ford Motor (NYSE:F) by 28.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 22,375 shares of the auto manufacturer’s stock after purchasing an additional 4,936 shares during the period. Steele Capital Management Inc.’s holdings in Ford Motor were worth $236,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Insight Wealth Partners LLC boosted its stake in shares of Ford Motor by 1.9% during the 2nd 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 in the last quarter. Pallas Capital Advisors LLC grew its stake in Ford Motor by 2.9% in the 2nd quarter. Pallas Capital Advisors LLC now owns 29,850 shares of the auto manufacturer’s stock valued at $374,000 after buying an additional 846 shares during the last quarter. Freestone Capital Holdings LLC lifted its position in Ford Motor by 5.0% during the 1st quarter. Freestone Capital Holdings LLC now owns 18,346 shares of the auto manufacturer’s stock worth $244,000 after acquiring an additional 875 shares during the last quarter. Hilltop National Bank boosted its holdings in Ford Motor by 7.1% during the second quarter. Hilltop National Bank now owns 14,159 shares of the auto manufacturer’s stock valued at $178,000 after acquiring an additional 944 shares during the period. Finally, Meridian Financial Partners LLC grew its position in shares of Ford Motor by 1.1% in the third 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 during the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Wolfe Research started coverage on shares of Ford Motor in a research note on Thursday, September 5th. They set a “peer perform” rating for the company. Deutsche Bank Aktiengesellschaft cut their price target on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a report on Wednesday, October 30th. Royal Bank of Canada restated a “sector perform” rating and set a $10.00 price objective on shares of Ford Motor in a research report on Tuesday, October 29th. The Goldman Sachs Group upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and increased their price objective for the company from $12.00 to $13.00 in a research note on Tuesday, October 1st. Finally, StockNews.com upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $12.02.

Ford Motor Stock Performance

Shares of F stock opened at $10.73 on Thursday. The stock has a market cap of $42.62 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 2.01 and a beta of 1.62. The stock has a 50-day moving average of $10.82 and a 200-day moving average of $11.48. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98. Ford Motor has a one year low of $9.49 and a one year 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 (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. The business had revenue of $46.20 billion during the quarter, compared to analyst estimates of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. Ford Motor’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.39 EPS. As a group, sell-side analysts expect that Ford Motor will post 1.81 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 7th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.59%. The ex-dividend date is Thursday, November 7th. Ford Motor’s dividend payout ratio is presently 68.18%.

Ford Motor 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.