Etesian Wealth Advisors Inc. Cuts Stake in Ford Motor (NYSE:F)

Etesian Wealth Advisors Inc. lessened its stake in Ford Motor (NYSE:F) by 30.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,708 shares of the auto manufacturer’s stock after selling 13,250 shares during the quarter. Etesian Wealth Advisors Inc.’s holdings in Ford Motor were worth $314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Olistico Wealth LLC bought a new position in Ford Motor during the 2nd quarter valued at about $25,000. Family Firm Inc. bought a new stake in Ford Motor in the 2nd quarter worth approximately $26,000. Financial Synergies Wealth Advisors Inc. raised its stake in Ford Motor by 1,997.9% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock valued at $27,000 after buying an additional 1,938 shares during the last quarter. Quarry LP bought a new position in shares of Ford Motor during the 2nd quarter valued at $27,000. Finally, Ridgewood Investments LLC bought a new stake in shares of Ford Motor in the second quarter worth $28,000. Institutional investors own 58.74% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on F shares. Wolfe Research assumed coverage on Ford Motor in a research report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $11.00 target price on shares of Ford Motor in a research report on Tuesday, September 10th. StockNews.com upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Barclays reduced their price objective on Ford Motor from $16.00 to $14.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, Royal Bank of Canada lowered their target price on Ford Motor from $13.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Monday, August 12th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $12.56.

Ford Motor Price Performance

Shares of Ford Motor stock traded up $0.03 on Friday, hitting $11.10. 26,074,884 shares of the company traded hands, compared to its average volume of 53,263,961. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.00 and a current ratio of 1.17. The business has a 50-day simple moving average of $10.75 and a 200 day simple moving average of $11.78. Ford Motor has a 52 week low of $9.49 and a 52 week high of $14.85. The stock has a market capitalization of $44.31 billion, a P/E ratio of 11.44, a price-to-earnings-growth ratio of 0.77 and a beta of 1.62.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.21). The company had revenue of $47.81 billion during the quarter, compared to analysts’ expectations of $47.79 billion. Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.72 EPS. Research analysts expect that Ford Motor will post 1.88 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 7th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.41%. The ex-dividend date was Wednesday, August 7th. Ford Motor’s dividend payout ratio is presently 61.86%.

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.