24,108 Shares in Ford Motor (NYSE:F) Acquired by Jacksonville Wealth Management LLC

Jacksonville Wealth Management LLC purchased a new stake in shares of Ford Motor (NYSE:F) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 24,108 shares of the auto manufacturer’s stock, valued at approximately $239,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in F. Assenagon Asset Management S.A. lifted its stake in shares of Ford Motor by 14,373.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 8,885,389 shares of the auto manufacturer’s stock valued at $93,830,000 after purchasing an additional 8,824,000 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in shares of Ford Motor by 112.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 11,976,950 shares of the auto manufacturer’s stock worth $126,477,000 after buying an additional 6,348,185 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Ford Motor by 4.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 122,609,058 shares of the auto manufacturer’s stock valued at $1,294,752,000 after acquiring an additional 5,270,562 shares in the last quarter. Worldquant Millennium Advisors LLC acquired a new stake in shares of Ford Motor in the third quarter valued at approximately $55,456,000. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Ford Motor by 420.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,042,820 shares of the auto manufacturer’s stock worth $63,812,000 after acquiring an additional 4,881,105 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on F shares. The Goldman Sachs Group upgraded Ford Motor from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $12.00 to $13.00 in a research report on Tuesday, October 1st. Sanford C. Bernstein lowered 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 note on Thursday, November 7th. Wolfe Research reissued an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Jefferies Financial Group cut shares of Ford Motor from a “hold” rating to an “underperform” rating and lowered their price objective for the stock from $12.00 to $9.00 in a research report on Monday, December 16th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $10.00 target price on shares of Ford Motor in a research report on Tuesday, October 29th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $11.82.

Ford Motor Stock Performance

Shares of F opened at $10.12 on Friday. Ford Motor has a 1 year low of $9.49 and a 1 year high of $14.85. The stock has a market capitalization of $40.20 billion, a PE ratio of 11.49, a PEG ratio of 1.93 and a beta of 1.64. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. The stock has a 50-day simple moving average of $10.29 and a 200-day simple moving average of $10.84.

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 the consensus estimate 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 during the quarter, compared to analysts’ expectations of $45.13 billion. During the same quarter in the previous year, the business posted $0.39 EPS. The firm’s revenue was up 5.5% on a year-over-year basis. On average, analysts predict that Ford Motor will post 1.77 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date was Thursday, November 7th. Ford Motor’s dividend payout ratio is presently 68.18%.

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.