Latko Wealth Management Ltd. Makes New $176,000 Investment in Ford Motor (NYSE:F)

Latko Wealth Management Ltd. purchased a new position in shares of Ford Motor (NYSE:F) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 16,637 shares of the auto manufacturer’s stock, valued at approximately $176,000. Ford Motor makes up 0.1% of Latko Wealth Management Ltd.’s holdings, making the stock its 28th largest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Dimensional Fund Advisors LP grew its stake in shares of Ford Motor by 27.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock valued at $453,732,000 after buying an additional 7,793,944 shares during the period. Legal & General Group Plc boosted its holdings in Ford Motor by 1.0% in the second quarter. Legal & General Group Plc now owns 31,823,353 shares of the auto manufacturer’s stock worth $399,066,000 after acquiring an additional 318,715 shares in the last quarter. LSV Asset Management grew its stake in Ford Motor by 1.6% in the second quarter. LSV Asset Management now owns 20,115,487 shares of the auto manufacturer’s stock valued at $252,248,000 after acquiring an additional 312,496 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in shares of Ford Motor by 11.0% during the first quarter. Jacobs Levy Equity Management Inc. now owns 12,290,204 shares of the auto manufacturer’s stock valued at $163,214,000 after acquiring an additional 1,214,640 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of Ford Motor by 14,373.9% during the third quarter. Assenagon Asset Management S.A. now owns 8,885,389 shares of the auto manufacturer’s stock worth $93,830,000 after purchasing an additional 8,824,000 shares during the period. 58.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on F. Wolfe Research assumed coverage on shares of Ford Motor in a report on Thursday, September 5th. They set a “peer perform” rating for the company. The Goldman Sachs Group upgraded 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 note on Tuesday, October 1st. Evercore ISI raised Ford Motor to a “hold” rating in a report on Friday, July 26th. 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. Finally, StockNews.com upgraded Ford Motor from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $12.41.

Ford Motor Stock Down 0.7 %

F stock opened at $10.22 on Friday. Ford Motor has a fifty-two week low of $9.49 and a fifty-two week high of $14.85. The stock has a fifty day moving average of $10.80 and a 200-day moving average of $11.62. The company has a market capitalization of $40.63 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 1.87 and a beta of 1.62. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.00 and a current ratio of 1.15.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The company had revenue of $46.20 billion for the quarter, compared to analysts’ expectations of $45.13 billion. During the same period in the prior year, the company posted $0.39 EPS. Ford Motor’s revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts predict that Ford Motor will post 1.82 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.87%. The ex-dividend date of this dividend is 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.