Wealth Alliance Reduces Stock Position in Ford Motor (NYSE:F)

Wealth Alliance decreased its position in Ford Motor (NYSE:F) by 10.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,169 shares of the auto manufacturer’s stock after selling 1,987 shares during the quarter. Wealth Alliance’s holdings in Ford Motor were worth $215,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its holdings in Ford Motor by 1.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,349,276 shares of the auto manufacturer’s stock valued at $71,039,000 after acquiring an additional 59,082 shares in the last quarter. Wedmont Private Capital boosted its stake in shares of Ford Motor by 33.1% during the 1st quarter. Wedmont Private Capital now owns 17,124 shares of the auto manufacturer’s stock valued at $232,000 after purchasing an additional 4,255 shares in the last quarter. Hodges Capital Management Inc. increased its position in shares of Ford Motor by 18.3% during the first quarter. Hodges Capital Management Inc. now owns 95,500 shares of the auto manufacturer’s stock valued at $1,268,000 after buying an additional 14,750 shares during the period. Focus Financial Network Inc. ADV bought a new position in Ford Motor in the fourth quarter worth about $2,812,000. Finally, Park Avenue Securities LLC lifted its holdings in Ford Motor by 9.6% in the first quarter. Park Avenue Securities LLC now owns 155,951 shares of the auto manufacturer’s stock worth $2,071,000 after buying an additional 13,597 shares during the period. 58.74% of the stock is owned by institutional investors.

Ford Motor Price Performance

Shares of F opened at $10.85 on Friday. Ford Motor has a twelve month low of $9.49 and a twelve month high of $14.85. The company has a market capitalization of $43.32 billion, a P/E ratio of 11.19, a price-to-earnings-growth ratio of 0.76 and a beta of 1.62. The firm has a 50 day moving average of $11.23 and a 200 day moving average of $12.04. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 2.30.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). The business had revenue of $47.81 billion during the quarter, compared to the consensus estimate of $47.79 billion. Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.72 EPS. As a group, equities research analysts anticipate that Ford Motor will post 1.88 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 7th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.53%. The ex-dividend date of this dividend was Wednesday, August 7th. Ford Motor’s dividend payout ratio is currently 61.86%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on F shares. Evercore ISI upgraded Ford Motor to a “hold” rating in a report on Friday, July 26th. StockNews.com upgraded Ford Motor from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. The Goldman Sachs Group lowered their price objective on Ford Motor from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, July 25th. Wells Fargo & Company reduced their target price on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 10th. Finally, Morgan Stanley reissued an “overweight” rating and set a $16.00 price target on shares of Ford Motor in a research report on Thursday, September 12th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Ford Motor presently has an average rating of “Hold” and an average target price of $12.95.

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.