Hollencrest Capital Management Acquires 2,500 Shares of Ford Motor (NYSE:F)

Hollencrest Capital Management lifted its holdings in Ford Motor (NYSE:F) by 4.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,960 shares of the auto manufacturer’s stock after purchasing an additional 2,500 shares during the quarter. Hollencrest Capital Management’s holdings in Ford Motor were worth $601,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on F. 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. Deutsche Bank Aktiengesellschaft reduced their target price on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Wednesday, October 30th. Morgan Stanley cut Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $16.00 to $12.00 in a research note on Wednesday, September 25th. The Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $12.00 to $13.00 in a research report on Tuesday, October 1st. Finally, Wells Fargo & Company dropped their price objective on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 10th. Two research 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. Based on data from MarketBeat.com, Ford Motor currently has an average rating of “Hold” and a consensus price target of $12.02.

Ford Motor Trading Up 0.1 %

Shares of F opened at $10.97 on Friday. 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 has a 52-week low of $9.49 and a 52-week high of $14.85. The firm has a market cap of $43.60 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 1.88 and a beta of 1.62. The business’s fifty day moving average is $10.77 and its 200-day moving average is $11.57.

Ford Motor (NYSE:F) last announced its quarterly earnings results 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 company had revenue of $46.20 billion for 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%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.39 EPS. Equities analysts anticipate that Ford Motor will post 1.82 EPS for the current fiscal year.

Ford Motor Dividend Announcement

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