Highland Capital Management LLC lowered its stake in Ford Motor (NYSE:F) by 24.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 269,717 shares of the auto manufacturer’s stock after selling 89,587 shares during the period. Highland Capital Management LLC’s holdings in Ford Motor were worth $2,063,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Ipswich Investment Management Co. Inc. purchased a new position in shares of Ford Motor during the 4th quarter valued at $37,000. Csenge Advisory Group purchased a new stake in Ford Motor during the 3rd quarter worth about $42,000. IMA Wealth Inc. raised its holdings in shares of Ford Motor by 625.0% in the 4th quarter. IMA Wealth Inc. now owns 7,250 shares of the auto manufacturer’s stock valued at $55,000 after acquiring an additional 6,250 shares in the last quarter. Personal Capital Advisors Corp purchased a new stake in shares of Ford Motor in the 4th quarter valued at about $92,000. Finally, OmniStar Financial Group Inc. purchased a new stake in shares of Ford Motor in the 3rd quarter valued at about $93,000. Institutional investors own 53.84% of the company’s stock.
Shares of Ford Motor stock opened at $8.39 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.07 and a debt-to-equity ratio of 2.80. The stock has a market capitalization of $34.65 billion, a PE ratio of 6.45, a price-to-earnings-growth ratio of 0.80 and a beta of 1.04. Ford Motor has a 52 week low of $7.41 and a 52 week high of $12.15.
Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, January 23rd. The auto manufacturer reported $0.30 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.30. The business had revenue of $38.70 billion for the quarter, compared to the consensus estimate of $36.83 billion. Ford Motor had a return on equity of 14.38% and a net margin of 2.29%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.39 earnings per share. On average, equities research analysts anticipate that Ford Motor will post 1.2 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Thursday, January 31st will be paid a $0.15 dividend. The ex-dividend date is Wednesday, January 30th. This represents a $0.60 annualized dividend and a yield of 7.15%. Ford Motor’s dividend payout ratio (DPR) is currently 46.15%.
Several analysts have weighed in on F shares. Morgan Stanley cut Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $14.00 to $10.00 in a report on Friday, October 19th. Bank of America reduced their price objective on Ford Motor from $12.50 to $10.00 and set a “neutral” rating on the stock in a research report on Thursday, October 25th. Buckingham Research reduced their price target on Ford Motor from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, October 25th. Goldman Sachs Group upgraded Ford Motor from a “neutral” rating to a “buy” rating and raised their price target for the stock from $9.00 to $12.00 in a research report on Monday, October 29th. Finally, Zacks Investment Research upgraded Ford Motor from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 30th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. Ford Motor currently has a consensus rating of “Hold” and a consensus target price of $10.50.
About Ford Motor
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles; and Lincoln luxury vehicles worldwide. Its Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental car companies, and governments.
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