Avantax Advisory Services Inc. Has $2.31 Million Holdings in Ford Motor (NYSE:F)

Avantax Advisory Services Inc. cut its stake in shares of Ford Motor (NYSE:F) by 14.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 233,546 shares of the auto manufacturer’s stock after selling 37,917 shares during the period. Avantax Advisory Services Inc.’s holdings in Ford Motor were worth $2,312,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in F. Franklin Resources Inc. lifted its holdings in Ford Motor by 29.8% during the third quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer’s stock worth $15,998,000 after acquiring an additional 336,720 shares in the last quarter. NCP Inc. lifted its holdings in Ford Motor by 62.0% during the fourth quarter. NCP Inc. now owns 74,520 shares of the auto manufacturer’s stock worth $738,000 after acquiring an additional 28,528 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Ford Motor by 3.8% during the third quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer’s stock worth $46,408,000 after acquiring an additional 160,409 shares in the last quarter. Worldquant Millennium Advisors LLC bought a new stake in shares of Ford Motor in the third quarter valued at about $55,456,000. Finally, Alberta Investment Management Corp lifted its holdings in shares of Ford Motor by 87.1% in the fourth quarter. Alberta Investment Management Corp now owns 196,100 shares of the auto manufacturer’s stock valued at $1,941,000 after purchasing an additional 91,300 shares in the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Price Performance

Ford Motor stock opened at $9.73 on Monday. Ford Motor has a 12 month low of $9.06 and a 12 month high of $14.85. The stock’s 50 day moving average is $9.71 and its 200-day moving average is $10.33. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The company has a market capitalization of $38.54 billion, a price-to-earnings ratio of 6.66, a PEG ratio of 0.61 and a beta of 1.59.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, beating the consensus estimate of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. Equities research analysts expect that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.17%. The ex-dividend date of this dividend was Tuesday, February 18th. Ford Motor’s dividend payout ratio (DPR) is currently 41.10%.

Analysts Set New Price Targets

A number of analysts have recently commented on F shares. BNP Paribas upgraded Ford Motor to a “hold” rating in a report on Monday, February 10th. Jefferies Financial Group lowered Ford Motor from a “hold” rating to an “underperform” rating and cut their price target for the company from $12.00 to $9.00 in a report on Monday, December 16th. Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Evercore ISI lowered their target price on Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. lowered their target price on Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Ford Motor has an average rating of “Hold” and a consensus price target of $11.68.

Ford Motor Company 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.