Ford Motor (NYSE:F) Shares Sold by Fruth Investment Management

Fruth Investment Management lowered its position in Ford Motor (NYSE:F) by 6.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,350 shares of the auto manufacturer’s stock after selling 1,500 shares during the period. Fruth Investment Management’s holdings in Ford Motor were worth $225,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Olistico Wealth LLC acquired a new position in shares of Ford Motor in the second quarter worth about $25,000. Family Firm Inc. acquired a new position in shares of Ford Motor during the 2nd quarter worth about $26,000. Financial Synergies Wealth Advisors Inc. raised its position in shares of Ford Motor by 1,997.9% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 1,938 shares during the last quarter. Quarry LP acquired a new position in shares of Ford Motor during the 2nd quarter worth about $27,000. Finally, Ridgewood Investments LLC acquired a new position in shares of Ford Motor during the 2nd quarter worth about $28,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Performance

Ford Motor stock opened at $10.95 on Tuesday. The firm has a 50 day simple moving average of $10.66 and a 200-day simple moving average of $11.82. Ford Motor has a 1-year low of $9.49 and a 1-year 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 cap of $43.72 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 0.77 and a beta of 1.62.

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

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 7th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.60 annualized dividend and a dividend yield of 5.48%. Ford Motor’s dividend payout ratio (DPR) is 61.86%.

Analyst Ratings Changes

Several research analysts recently weighed in on F shares. StockNews.com upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Barclays reduced their price target on shares of Ford Motor from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Wolfe Research started coverage on shares of Ford Motor in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. Evercore ISI upgraded shares of Ford Motor to a “hold” rating in a report on Friday, July 26th. Finally, Royal Bank of Canada cut their price objective on shares of Ford Motor from $13.00 to $10.00 and set a “sector perform” rating for the company in a report on Monday, August 12th. 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $12.72.

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.