Modus Advisors LLC Makes New Investment in Ford Motor (NYSE:F)

Modus Advisors LLC acquired a new position in shares of Ford Motor (NYSE:F) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,396 shares of the auto manufacturer’s stock, valued at approximately $34,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP bought a new position in Ford Motor during the 2nd quarter worth approximately $27,000. Kimelman & Baird LLC bought a new position in Ford Motor during the second quarter worth $30,000. Reston Wealth Management LLC acquired a new position in Ford Motor in the third quarter valued at $33,000. Access Investment Management LLC bought a new stake in Ford Motor during the third quarter valued at $34,000. Finally, Truvestments Capital LLC acquired a new stake in Ford Motor during the 3rd quarter worth about $37,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Trading Up 2.4 %

Shares of Ford Motor stock opened at $9.88 on Friday. The company has a market capitalization of $39.27 billion, a P/E ratio of 11.23, a price-to-earnings-growth ratio of 1.90 and a beta of 1.64. The stock has a fifty day simple moving average of $10.57 and a 200 day simple moving average of $11.11. Ford Motor has a 12-month low of $9.49 and a 12-month high of $14.85. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34.

Ford Motor (NYSE:F) last announced 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 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 the consensus estimate of $45.13 billion. During the same quarter in the prior year, the company posted $0.39 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, sell-side analysts anticipate that Ford Motor will post 1.81 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.07%. The ex-dividend date was Thursday, November 7th. Ford Motor’s dividend payout ratio is presently 68.18%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on F shares. Royal Bank of Canada restated a “sector perform” rating and set a $10.00 target price on shares of Ford Motor in a research report on Tuesday, October 29th. The Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $12.00 to $13.00 in a research report on Tuesday, October 1st. Sanford C. Bernstein downgraded shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price on the stock. in a research report on Thursday, November 7th. Jefferies Financial Group cut shares of Ford Motor from a “hold” rating to an “underperform” rating and reduced their price target for the stock from $12.00 to $9.00 in a report on Monday, December 16th. Finally, Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $11.83.

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.