Soltis Investment Advisors LLC Sells 4,115 Shares of Ford Motor (NYSE:F)

Soltis Investment Advisors LLC lowered its holdings in shares of Ford Motor (NYSE:F) by 19.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 16,761 shares of the auto manufacturer’s stock after selling 4,115 shares during the period. Soltis Investment Advisors LLC’s holdings in Ford Motor were worth $177,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Insight Wealth Partners LLC lifted its position in Ford Motor by 1.9% in the second quarter. Insight Wealth Partners LLC now owns 44,144 shares of the auto manufacturer’s stock valued at $554,000 after purchasing an additional 843 shares during the last quarter. Pallas Capital Advisors LLC raised its holdings in Ford Motor by 2.9% during 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. Meridian Financial Partners LLC boosted its position in Ford Motor by 1.1% during the 3rd quarter. Meridian Financial Partners LLC now owns 85,471 shares of the auto manufacturer’s stock valued at $903,000 after buying an additional 953 shares during the period. Apollon Wealth Management LLC grew its holdings in Ford Motor by 1.1% in the 3rd quarter. Apollon Wealth Management LLC now owns 92,950 shares of the auto manufacturer’s stock worth $982,000 after acquiring an additional 969 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC increased its position in shares of Ford Motor by 3.0% in the second quarter. Beaird Harris Wealth Management LLC now owns 33,534 shares of the auto manufacturer’s stock valued at $421,000 after acquiring an additional 982 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $10.00 target price on shares of Ford Motor in a report on Tuesday, October 29th. Barclays dropped their price objective on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company 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 on the stock in a research note on Wednesday, October 30th. Morgan Stanley lowered Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $16.00 to $12.00 in a research note on Wednesday, September 25th. Finally, Sanford C. Bernstein downgraded shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective on the stock. in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Ford Motor has an average rating of “Hold” and a consensus target price of $12.08.

Ford Motor Stock Down 0.1 %

NYSE:F opened at $10.40 on Friday. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98. The firm’s 50-day moving average price is $10.85 and its 200-day moving average price is $11.33. The company has a market capitalization of $41.33 billion, a PE ratio of 11.82, a P/E/G ratio of 1.91 and a beta of 1.62. Ford Motor has a 1-year low of $9.49 and a 1-year high of $14.85.

Ford Motor (NYSE:F) last announced its quarterly earnings data 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. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The business had revenue of $46.20 billion for the quarter, compared to analysts’ expectations of $45.13 billion. During the same quarter in the prior year, the company earned $0.39 earnings per share. The business’s revenue was up 5.5% compared to the same quarter last year. On average, equities analysts predict that Ford Motor will post 1.81 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date was Thursday, November 7th. Ford Motor’s payout ratio is 68.18%.

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.