Secure Asset Management LLC Lowers Position in Ford Motor (NYSE:F)

Secure Asset Management LLC decreased its holdings in shares of Ford Motor (NYSE:F) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,329 shares of the auto manufacturer’s stock after selling 5,622 shares during the quarter. Secure Asset Management LLC’s holdings in Ford Motor were worth $766,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Quarry LP bought a new position in shares of Ford Motor during the 2nd quarter valued at about $27,000. Kimelman & Baird LLC purchased a new stake in Ford Motor in the second quarter worth approximately $30,000. Reston Wealth Management LLC bought a new position in Ford Motor during the third quarter valued at approximately $33,000. Access Investment Management LLC purchased a new position in shares of Ford Motor during the third quarter worth approximately $34,000. Finally, Modus Advisors LLC bought a new stake in shares of Ford Motor in the 4th quarter worth approximately $34,000. 58.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Barclays lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $13.00 to $11.00 in a report on Wednesday. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and boosted their target price for the company from $12.00 to $13.00 in a research note on Tuesday, October 1st. Sanford C. Bernstein lowered Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target on the stock. in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft lowered their price objective on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $10.00 target price on shares of Ford Motor in a report on Tuesday, October 29th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $11.82.

Ford Motor Stock Down 0.4 %

F stock opened at $10.12 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34. The business has a 50 day moving average of $10.31 and a 200 day moving average of $10.86. 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 $40.20 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 1.93 and a beta of 1.64.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $45.13 billion. During the same quarter in the previous year, the firm earned $0.39 EPS. Ford Motor’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, research analysts forecast that Ford Motor will post 1.77 EPS for the current fiscal year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.93%. The ex-dividend date of this dividend was Thursday, November 7th. Ford Motor’s payout ratio 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.