Brooklyn Investment Group Buys Shares of 14,637 Ford Motor (NYSE:F)

Brooklyn Investment Group acquired a new position in Ford Motor (NYSE:F) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,637 shares of the auto manufacturer’s stock, valued at approximately $155,000.

A number of other institutional investors and hedge funds have also modified their holdings of F. Price T Rowe Associates Inc. MD lifted its stake in shares of Ford Motor by 1.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,349,276 shares of the auto manufacturer’s stock worth $71,039,000 after buying an additional 59,082 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Ford Motor by 9.7% in the first quarter. Tidal Investments LLC now owns 155,875 shares of the auto manufacturer’s stock worth $2,070,000 after buying an additional 13,820 shares during the last quarter. Comerica Bank lifted its stake in shares of Ford Motor by 5.2% in the first quarter. Comerica Bank now owns 850,984 shares of the auto manufacturer’s stock worth $11,301,000 after buying an additional 42,241 shares during the last quarter. iA Global Asset Management Inc. lifted its stake in shares of Ford Motor by 62.6% in the first quarter. iA Global Asset Management Inc. now owns 74,832 shares of the auto manufacturer’s stock worth $994,000 after buying an additional 28,807 shares during the last quarter. Finally, LRI Investments LLC acquired a new stake in shares of Ford Motor in the first quarter worth $66,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Stock Up 0.0 %

F opened at $11.11 on Thursday. The firm’s 50-day simple moving average is $10.85 and its 200-day simple moving average is $11.44. 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 twelve month low of $9.49 and a twelve month high of $14.85. The firm has a market cap of $44.13 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 2.08 and a beta of 1.62.

Ford Motor (NYSE:F) last posted its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $45.13 billion. During the same quarter in the prior year, the firm earned $0.39 EPS. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities research analysts anticipate that Ford Motor will post 1.81 EPS for the current fiscal year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date of this dividend is Thursday, November 7th. Ford Motor’s dividend payout ratio is currently 68.18%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on F. The Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $12.00 to $13.00 in a research report on Tuesday, October 1st. Morgan Stanley lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $16.00 to $12.00 in a research report on Wednesday, September 25th. Wolfe Research began coverage on shares of Ford Motor in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. Barclays dropped their target price on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $12.02.

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.