Pathstone Holdings LLC Cuts Stock Position in Ford Motor (NYSE:F)

Pathstone Holdings LLC trimmed its position in shares of Ford Motor (NYSE:F) by 0.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 484,311 shares of the auto manufacturer’s stock after selling 1,488 shares during the quarter. Pathstone Holdings LLC’s holdings in Ford Motor were worth $5,114,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Olistico Wealth LLC acquired a new position in Ford Motor during the 2nd quarter valued at about $25,000. Family Firm Inc. acquired a new position in shares of Ford Motor during the second quarter valued at about $26,000. Quarry LP purchased a new position in shares of Ford Motor in the 2nd quarter valued at approximately $27,000. Ridgewood Investments LLC purchased a new position in shares of Ford Motor in the 2nd quarter valued at approximately $28,000. Finally, Kimelman & Baird LLC acquired a new stake in Ford Motor in the 2nd quarter worth approximately $30,000. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Trading Up 3.5 %

Shares of Ford Motor stock opened at $11.18 on Friday. Ford Motor has a fifty-two week low of $9.49 and a fifty-two week high of $14.85. 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 company has a market cap of $44.43 billion, a P/E ratio of 12.70, a price-to-earnings-growth ratio of 2.01 and a beta of 1.62. The firm has a 50-day simple moving average of $10.83 and a two-hundred day simple moving average of $11.46.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $46.20 billion for the quarter, compared to the consensus estimate of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. Ford Motor’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.39 earnings per share. As a group, equities analysts predict that Ford Motor will post 1.81 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 7th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 5.37%. Ford Motor’s dividend payout ratio is currently 68.18%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. StockNews.com upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Morgan Stanley downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $16.00 to $12.00 in a research note on Wednesday, September 25th. Barclays reduced their price objective on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. The Goldman Sachs Group upgraded Ford Motor from a “neutral” rating to a “buy” rating and upped their target price for the company from $12.00 to $13.00 in a research report on Tuesday, October 1st. Finally, Sanford C. Bernstein lowered shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target for the company. in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Ford Motor has an average rating of “Hold” and a consensus price target of $12.02.

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.