Focused Wealth Management Inc Acquires New Shares in Ford Motor (NYSE:F)

Focused Wealth Management Inc purchased a new stake in shares of Ford Motor (NYSE:F) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 10,733 shares of the auto manufacturer’s stock, valued at approximately $113,000.

Other hedge funds have also recently made changes to their positions in the company. Norden Group LLC bought a new position in shares of Ford Motor during the first quarter valued at about $255,000. Nordea Investment Management AB grew its stake in shares of Ford Motor by 6.3% in the 1st quarter. Nordea Investment Management AB now owns 293,518 shares of the auto manufacturer’s stock worth $3,894,000 after buying an additional 17,280 shares during the last quarter. Whittier Trust Co. lifted its position in Ford Motor by 763.4% in the 1st quarter. Whittier Trust Co. now owns 5,655 shares of the auto manufacturer’s stock valued at $75,000 after acquiring an additional 5,000 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in Ford Motor in the 1st quarter valued at approximately $46,000. Finally, GSA Capital Partners LLP lifted its position in Ford Motor by 42.3% in the 1st quarter. GSA Capital Partners LLP now owns 33,290 shares of the auto manufacturer’s stock valued at $442,000 after acquiring an additional 9,901 shares in the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Stock Performance

NYSE F opened at $10.61 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. The stock has a market cap of $42.18 billion, a PE ratio of 12.06, a P/E/G ratio of 1.85 and a beta of 1.62. The stock has a fifty day simple moving average of $10.77 and a 200-day simple moving average of $11.59. Ford Motor has a twelve month low of $9.49 and a twelve month high of $14.85.

Ford Motor (NYSE:F) last announced its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The company had revenue of $46.20 billion during the quarter, compared to analysts’ expectations of $45.13 billion. During the same period last year, the business posted $0.39 EPS. Ford Motor’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities analysts anticipate that Ford Motor will post 1.82 earnings per share for the current year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.66%. The ex-dividend date is Thursday, November 7th. Ford Motor’s payout ratio is presently 68.18%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on F. Barclays lowered their price target on Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $10.00 price target on shares of Ford Motor in a research note on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft cut their price objective on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, October 30th. StockNews.com upgraded Ford Motor from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, Evercore ISI upgraded Ford Motor to a “hold” rating in a research report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Ford Motor presently has a consensus rating of “Hold” and an average target price of $12.41.

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.