Ford Motor (NYSE:F) Shares Sold by Sound Income Strategies LLC

Sound Income Strategies LLC cut its stake in shares of Ford Motor (NYSE:F) by 19.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,443 shares of the auto manufacturer’s stock after selling 6,755 shares during the quarter. Sound Income Strategies LLC’s holdings in Ford Motor were worth $300,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of F. Olistico Wealth LLC acquired a new stake in Ford Motor during the 2nd quarter valued at $25,000. Fortis Group Advisors LLC boosted its position in Ford Motor by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock worth $26,000 after acquiring an additional 1,086 shares during the period. Family Firm Inc. purchased a new position in Ford Motor during the 2nd quarter valued at about $26,000. Voisard Asset Management Group Inc. acquired a new position in shares of Ford Motor in the 4th quarter valued at about $27,000. Finally, Financial Synergies Wealth Advisors Inc. grew its position in Ford Motor by 1,997.9% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 1,938 shares in the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on F shares. Morgan Stanley lowered Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $16.00 to $12.00 in a report on Wednesday, September 25th. StockNews.com upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Barclays decreased their price target on Ford Motor from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. The Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and lifted their price target for the company from $12.00 to $13.00 in a research report on Tuesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $11.00 target price on shares of Ford Motor in a research report on Tuesday, September 10th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $12.72.

Ford Motor Stock Performance

NYSE F opened at $10.72 on Monday. Ford Motor has a 1-year low of $9.49 and a 1-year high of $14.85. The company has a 50 day moving average of $10.64 and a 200-day moving average of $11.84. The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 2.30. The firm has a market cap of $42.80 billion, a price-to-earnings ratio of 11.05, a PEG ratio of 0.77 and a beta of 1.62.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.21). The business had revenue of $47.81 billion during the quarter, compared to the consensus estimate of $47.79 billion. Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.72 EPS. On average, equities analysts forecast that Ford Motor will post 1.88 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 7th were given a $0.15 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $0.60 annualized dividend and a dividend yield of 5.60%. Ford Motor’s dividend payout ratio is currently 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.