Nations Financial Group Inc. IA ADV Lowers Position in Ford Motor (NYSE:F)

Nations Financial Group Inc. IA ADV lessened its stake in Ford Motor (NYSE:F) by 42.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,505 shares of the auto manufacturer’s stock after selling 18,395 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Ford Motor were worth $307,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Olistico Wealth LLC bought a new stake in Ford Motor in the second quarter worth $25,000. Fortis Group Advisors LLC increased 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 worth $26,000 after purchasing an additional 1,086 shares during the last quarter. Family Firm Inc. bought a new stake in Ford Motor in the second quarter worth $26,000. Voisard Asset Management Group Inc. bought a new position in Ford Motor during the fourth quarter valued at $27,000. Finally, Financial Synergies Wealth Advisors Inc. increased its position 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 valued at $27,000 after acquiring an additional 1,938 shares during the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Performance

Shares of Ford Motor stock traded up $0.08 during midday trading on Friday, hitting $11.19. The company had a trading volume of 44,951,748 shares, compared to its average volume of 54,446,324. The stock has a market cap of $44.67 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 0.75 and a beta of 1.62. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 2.30. The company has a fifty day simple moving average of $11.85 and a 200 day simple moving average of $12.22. Ford Motor has a 12-month low of $9.49 and a 12-month high of $14.85.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The business had revenue of $47.81 billion for the quarter, compared to analysts’ expectations of $47.79 billion. During the same quarter last year, the business earned $0.72 EPS. The company’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, analysts predict that Ford Motor will post 1.94 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 7th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, August 7th. This represents a $0.60 dividend on an annualized basis and a yield of 5.36%. Ford Motor’s payout ratio is currently 61.86%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Sanford C. Bernstein assumed coverage on shares of Ford Motor in a research report on Thursday, May 23rd. They set an “outperform” rating and a $16.00 price objective on the stock. Citigroup upped their price target on shares of Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. StockNews.com upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Barclays cut their price target on shares of Ford Motor from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Finally, The Goldman Sachs Group cut their price target on shares of Ford Motor from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $13.48.

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.