Ford Motor (NYSE:F) Shares Acquired by Cornerstone Advisors LLC

Cornerstone Advisors LLC grew its stake in shares of Ford Motor (NYSE:FFree Report) by 2.1% in the third quarter, Holdings Channel.com reports. The fund owned 59,600 shares of the auto manufacturer’s stock after buying an additional 1,200 shares during the quarter. Cornerstone Advisors LLC’s holdings in Ford Motor were worth $629,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in F. Olistico Wealth LLC bought a new position in shares of Ford Motor in the second quarter valued at approximately $25,000. Family Firm Inc. bought a new stake in Ford Motor in the 2nd quarter valued at $26,000. Quarry LP bought a new position in Ford Motor during the second quarter worth about $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 Ford Motor in the 2nd quarter worth about $30,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on F. StockNews.com upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Royal Bank of Canada reissued a “sector perform” rating and set a $10.00 target price on shares of Ford Motor in a research report on Tuesday, October 29th. Barclays cut their price target on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Morgan Stanley lowered Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $16.00 to $12.00 in a report on Wednesday, September 25th. Finally, Sanford C. Bernstein downgraded Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target for the company. in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $12.02.

Read Our Latest Analysis on F

Ford Motor Stock Up 0.7 %

Shares of NYSE F opened at $10.81 on Friday. The business has a 50-day moving average price of $10.82 and a 200 day moving average price of $11.47. The stock has a market cap of $42.94 billion, a PE ratio of 12.28, a price-to-earnings-growth ratio of 2.01 and a beta of 1.62. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34. Ford Motor has a 52-week low of $9.49 and a 52-week high of $14.85.

Ford Motor (NYSE:FGet Free Report) last released its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The company had revenue of $46.20 billion for the quarter, compared to analysts’ expectations of $45.13 billion. During the same quarter in the previous year, the firm posted $0.39 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. Equities research analysts forecast that Ford Motor will post 1.81 earnings per share for the current year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.55%. The ex-dividend date of this dividend is Thursday, November 7th. Ford Motor’s dividend payout ratio is currently 68.18%.

About Ford Motor

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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