Gateway Wealth Partners LLC Sells 990 Shares of Ford Motor (NYSE:F)

Gateway Wealth Partners LLC decreased its position in Ford Motor (NYSE:F) by 3.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 27,266 shares of the auto manufacturer’s stock after selling 990 shares during the quarter. Gateway Wealth Partners LLC’s holdings in Ford Motor were worth $288,000 at the end of the most recent quarter.

Other hedge funds 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 about $25,000. Family Firm Inc. bought a new position in Ford Motor in the second quarter valued at about $26,000. Quarry LP bought a new position in Ford Motor in the second quarter valued at about $27,000. Ridgewood Investments LLC bought a new position in Ford Motor in the second quarter valued at about $28,000. Finally, Kimelman & Baird LLC bought a new position in Ford Motor in the second quarter valued at about $30,000. Institutional investors own 58.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. StockNews.com upgraded Ford Motor from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Wolfe Research started coverage on Ford Motor in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. Barclays reduced their target price on Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday. Wells Fargo & Company reduced their target price on Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday, September 10th. Finally, Evercore ISI upgraded Ford Motor to a “hold” rating in a report on Friday, July 26th. Two investment 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 company currently has an average rating of “Hold” and a consensus target price of $12.48.

Ford Motor Trading Down 8.5 %

NYSE:F opened at $10.41 on Wednesday. Ford Motor has a fifty-two week low of $9.49 and a fifty-two week high of $14.85. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.17 and a quick ratio of 1.00. The stock has a market capitalization of $41.54 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 1.58 and a beta of 1.62. The business’s 50-day simple moving average is $10.84 and its 200-day simple moving average is $11.65.

Ford Motor (NYSE:F) last released its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02. Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. 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 previous year, the business posted $0.39 EPS. Ford Motor’s revenue for the quarter was up 5.5% on a year-over-year basis. Sell-side analysts expect that Ford Motor will post 1.86 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 7th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date is Thursday, November 7th. Ford Motor’s dividend payout ratio is presently 61.86%.

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.