Kensington Investment Counsel LLC Purchases 3,387 Shares of Ford Motor (NYSE:F)

Kensington Investment Counsel LLC increased its position in shares of Ford Motor (NYSE:F) by 19.8% during the third quarter, HoldingsChannel reports. The fund owned 20,532 shares of the auto manufacturer’s stock after buying an additional 3,387 shares during the quarter. Kensington Investment Counsel LLC’s holdings in Ford Motor were worth $217,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Family Firm Inc. bought a new stake in shares of Ford Motor during the second quarter worth about $26,000. Quarry LP acquired a new stake in Ford Motor during the 2nd quarter worth approximately $27,000. Ridgewood Investments LLC bought a new stake in Ford Motor during the 2nd quarter worth approximately $28,000. Kimelman & Baird LLC acquired a new position in Ford Motor in the 2nd quarter valued at approximately $30,000. Finally, Reston Wealth Management LLC bought a new position in shares of Ford Motor during the third quarter valued at $33,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Performance

Shares of F stock opened at $10.51 on Friday. The firm has a 50 day moving average of $10.86 and a 200-day moving average of $11.37. The company has a market cap of $41.77 billion, a price-to-earnings ratio of 11.94, a price-to-earnings-growth ratio of 1.96 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:F) last posted its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, topping 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 business had revenue of $46.20 billion during the quarter, compared to analysts’ expectations of $45.13 billion. During the same period last year, the company posted $0.39 earnings per share. The business’s quarterly revenue was up 5.5% on a year-over-year basis. On average, equities analysts forecast that Ford Motor will post 1.81 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 7th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.71%. The ex-dividend date was Thursday, November 7th. Ford Motor’s payout ratio is 68.18%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on F. The Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $12.00 to $13.00 in a research note on Tuesday, October 1st. Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a report on Thursday. Royal Bank of Canada reissued a “sector perform” rating and issued a $10.00 price target on shares of Ford Motor in a research note on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft cut their price objective 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. Finally, Sanford C. Bernstein downgraded shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price for the company. in a research report on Thursday, November 7th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $12.08.

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.