Hazlett Burt & Watson Inc. Has $102,000 Position in Ford Motor (NYSE:F)

Hazlett Burt & Watson Inc. boosted its stake in Ford Motor (NYSE:F) by 2,065.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 9,570 shares of the auto manufacturer’s stock after buying an additional 9,128 shares during the period. Hazlett Burt & Watson Inc.’s holdings in Ford Motor were worth $102,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of F. Olistico Wealth LLC acquired a new stake in Ford Motor in the 2nd quarter worth about $25,000. Family Firm Inc. bought a new position in Ford Motor in the 2nd quarter valued at about $26,000. Quarry LP acquired a new stake in shares of Ford Motor during the 2nd quarter worth approximately $27,000. Ridgewood Investments LLC bought a new stake in Ford Motor during the second quarter worth $28,000. Finally, Kimelman & Baird LLC acquired a new position in shares of Ford Motor during the 2nd quarter worth $30,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Price Performance

Shares of NYSE:F opened at $10.36 on Tuesday. The company has a 50 day moving average of $10.78 and a 200 day moving average of $11.60. The stock has a market cap of $41.18 billion, a P/E ratio of 11.77, a P/E/G ratio of 1.85 and a beta of 1.62. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. Ford Motor has a 12 month low of $9.49 and a 12 month high of $14.85.

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

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, November 7th. This represents a $0.60 annualized dividend and a dividend yield of 5.79%. Ford Motor’s payout ratio is 68.18%.

Analysts Set New Price Targets

Several research analysts have commented on the company. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $12.00 to $13.00 in a research note on Tuesday, October 1st. Barclays reduced their price objective on Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft cut their price target on Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday, October 30th. Morgan Stanley lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $16.00 to $12.00 in a report on Wednesday, September 25th. Finally, StockNews.com upgraded Ford Motor from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Ford Motor currently has an average rating of “Hold” and a consensus target price of $12.41.

Ford Motor 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.