Covestor Ltd Grows Position in Ford Motor (NYSE:F)

Covestor Ltd lifted its holdings in shares of Ford Motor (NYSE:F) by 17.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,120 shares of the auto manufacturer’s stock after purchasing an additional 2,550 shares during the quarter. Covestor Ltd’s holdings in Ford Motor were worth $181,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Insight Wealth Partners LLC lifted its stake in Ford Motor by 1.9% during the second quarter. Insight Wealth Partners LLC now owns 44,144 shares of the auto manufacturer’s stock worth $554,000 after purchasing an additional 843 shares during the last quarter. Pallas Capital Advisors LLC boosted its stake in Ford Motor by 2.9% in the second quarter. Pallas Capital Advisors LLC now owns 29,850 shares of the auto manufacturer’s stock worth $374,000 after buying an additional 846 shares in the last quarter. RB Capital Management LLC grew its position 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 acquiring an additional 857 shares during the last quarter. Freestone Capital Holdings LLC raised its stake in shares of Ford Motor by 5.0% during the first 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 in the last quarter. Finally, Hilltop National Bank lifted its holdings in shares of Ford Motor by 7.1% in the 2nd quarter. Hilltop National Bank now owns 14,159 shares of the auto manufacturer’s stock worth $178,000 after acquiring an additional 944 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

F has been the topic of a number of analyst reports. Evercore ISI upgraded shares of Ford Motor to a “hold” rating in a research report on Friday, July 26th. Barclays decreased their price objective on Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft dropped their target price 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 cut Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target on the stock. in a research note on Thursday. Finally, The Goldman Sachs Group raised 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. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $12.02.

Ford Motor Trading Up 0.1 %

Shares of F opened at $10.97 on Monday. Ford Motor has a 1-year low of $9.49 and a 1-year 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’s 50-day moving average price is $10.77 and its 200-day moving average price is $11.56. The firm has a market capitalization of $43.60 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 2.03 and a beta of 1.62.

Ford Motor (NYSE:F) 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. The firm had revenue of $46.20 billion for the quarter, compared to the consensus estimate of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.39 EPS. Sell-side analysts anticipate that Ford Motor will post 1.82 EPS for the current year.

Ford Motor Dividend Announcement

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

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.