Latitude Advisors LLC Raises Stock Holdings in Ford Motor (NYSE:F)

Latitude Advisors LLC lifted its holdings in shares of Ford Motor (NYSE:F) by 7.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,911 shares of the auto manufacturer’s stock after purchasing an additional 1,241 shares during the quarter. Latitude Advisors LLC’s holdings in Ford Motor were worth $189,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of F. Norden Group LLC purchased a new position in shares of Ford Motor during the first quarter worth about $255,000. Resonant Capital Advisors LLC lifted its position in Ford Motor by 15.3% in the 1st quarter. Resonant Capital Advisors LLC now owns 13,073 shares of the auto manufacturer’s stock worth $174,000 after buying an additional 1,731 shares during the last quarter. PDS Planning Inc bought a new stake in Ford Motor in the 1st quarter worth approximately $155,000. Moloney Securities Asset Management LLC lifted its position in Ford Motor by 6.4% in the 1st quarter. Moloney Securities Asset Management LLC now owns 23,987 shares of the auto manufacturer’s stock worth $319,000 after buying an additional 1,438 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its position in Ford Motor by 10.8% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 104,603 shares of the auto manufacturer’s stock worth $1,389,000 after buying an additional 10,221 shares during the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Price Performance

Shares of F stock opened at $10.22 on Friday. The stock has a market cap of $40.63 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 1.87 and a beta of 1.62. The business’s fifty day moving average is $10.80 and its 200 day moving average is $11.62. Ford Motor has a twelve month low of $9.49 and a twelve month high of $14.85. The company has a quick ratio of 1.00, a current ratio of 1.15 and a debt-to-equity ratio of 2.34.

Ford Motor (NYSE:F) last released its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The firm had revenue of $46.20 billion for the quarter, compared to analysts’ expectations of $45.13 billion. During the same period in the prior year, the firm posted $0.39 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. Research analysts expect that Ford Motor will post 1.82 EPS for the current fiscal year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.87%. Ford Motor’s dividend payout ratio is currently 68.18%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on F shares. 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 research report on Wednesday. Royal Bank of Canada reiterated a “sector perform” rating and issued a $10.00 price objective on shares of Ford Motor in a research report on Tuesday, October 29th. Barclays lowered their price objective on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Morgan Stanley downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $16.00 to $12.00 in a research report on Wednesday, September 25th. Finally, Wells Fargo & Company lowered their price objective on Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Tuesday, September 10th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $12.41.

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.