Nemes Rush Group LLC Has $11.55 Million Stock Position in Ford Motor (NYSE:F)

Nemes Rush Group LLC lessened its stake in Ford Motor (NYSE:F) by 0.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 920,956 shares of the auto manufacturer’s stock after selling 2,747 shares during the quarter. Ford Motor accounts for about 1.6% of Nemes Rush Group LLC’s investment portfolio, making the stock its 22nd biggest holding. Nemes Rush Group LLC’s holdings in Ford Motor were worth $11,549,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Olistico Wealth LLC bought a new position in shares of Ford Motor during the 2nd quarter worth approximately $25,000. Financial Synergies Wealth Advisors Inc. boosted its holdings in Ford Motor by 1,997.9% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 1,938 shares during the last quarter. Family Firm Inc. bought a new position in Ford Motor in the second quarter valued at $26,000. Fortis Group Advisors LLC grew its position in Ford Motor by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock valued at $26,000 after purchasing an additional 1,086 shares in the last quarter. Finally, Voisard Asset Management Group Inc. acquired a new stake in Ford Motor in the 4th quarter valued at $27,000. Institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Up 0.9 %

Shares of NYSE F opened at $10.78 on Friday. The stock’s fifty day moving average is $10.87 and its 200 day moving average is $11.98. Ford Motor has a 52 week low of $9.49 and a 52 week high of $14.85. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.00 and a current ratio of 1.17. The stock has a market capitalization of $43.04 billion, a P/E ratio of 11.11, a PEG ratio of 0.79 and a beta of 1.62.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.21). Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The business had revenue of $47.81 billion for the quarter, compared to the consensus estimate of $47.79 billion. During the same quarter in the prior year, the company earned $0.72 earnings per share. Ford Motor’s quarterly revenue was up 6.3% compared to the same quarter last year. Sell-side analysts forecast that Ford Motor will post 1.88 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Wednesday, August 7th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.57%. The ex-dividend date was Wednesday, August 7th. Ford Motor’s dividend payout ratio (DPR) is 61.86%.

Wall Street Analyst Weigh In

Several research analysts recently commented on F shares. Wolfe Research started coverage on Ford Motor in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. Evercore ISI raised shares of Ford Motor to a “hold” rating in a research note on Friday, July 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $11.00 price target on shares of Ford Motor in a research report on Tuesday, September 10th. Morgan Stanley downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $16.00 to $12.00 in a research report on Wednesday. Finally, Wells Fargo & Company dropped their price target on Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Tuesday, September 10th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $12.64.

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.