Bard Financial Services Inc. Takes Position in Ford Motor (NYSE:F)

Bard Financial Services Inc. acquired a new position in shares of Ford Motor (NYSE:F) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 12,330 shares of the auto manufacturer’s stock, valued at approximately $122,000.

Other hedge funds have also recently added to or reduced their stakes in the company. TD Asset Management Inc raised its position in shares of Ford Motor by 4.4% during the second quarter. TD Asset Management Inc now owns 1,553,513 shares of the auto manufacturer’s stock valued at $19,481,000 after buying an additional 65,049 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its position in Ford Motor by 46.3% in the second quarter. Farmers & Merchants Investments Inc. now owns 9,340 shares of the auto manufacturer’s stock worth $117,000 after purchasing an additional 2,955 shares during the period. New York Life Investment Management LLC boosted its stake in Ford Motor by 1.2% during the second quarter. New York Life Investment Management LLC now owns 562,174 shares of the auto manufacturer’s stock worth $7,050,000 after buying an additional 6,495 shares in the last quarter. Hanlon Investment Management Inc. bought a new stake in Ford Motor in the 2nd quarter valued at $164,000. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of Ford Motor by 53.6% during the 2nd quarter. Los Angeles Capital Management LLC now owns 31,510 shares of the auto manufacturer’s stock worth $395,000 after acquiring an additional 10,999 shares during the period. Institutional investors own 58.74% of the company’s stock.

Ford Motor Price Performance

Shares of F traded up $0.11 during mid-day trading on Monday, hitting $9.99. 42,637,999 shares of the company traded hands, compared to its average volume of 61,705,840. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. The business has a 50-day moving average of $10.55 and a 200 day moving average of $11.09. Ford Motor has a one year low of $9.49 and a one year high of $14.85. The stock has a market capitalization of $39.70 billion, a price-to-earnings ratio of 11.35, a PEG ratio of 1.90 and a beta of 1.64.

Ford Motor (NYSE:F) last released its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $45.13 billion. During the same period last year, the firm earned $0.39 EPS. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities analysts expect that Ford Motor will post 1.81 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.01%. The ex-dividend date was Thursday, November 7th. Ford Motor’s dividend payout ratio (DPR) is presently 68.18%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on F shares. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, October 30th. Jefferies Financial Group cut Ford Motor from a “hold” rating to an “underperform” rating and dropped their target price for the stock from $12.00 to $9.00 in a report on Monday, December 16th. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and boosted their price target for the company from $12.00 to $13.00 in a research note on Tuesday, October 1st. Morgan Stanley cut Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $16.00 to $12.00 in a report on Wednesday, September 25th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $10.00 target price on shares of Ford Motor in a report on Tuesday, October 29th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $11.83.

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.