OneAscent Wealth Management LLC Buys New Shares in Ford Motor (NYSE:F)

OneAscent Wealth Management LLC bought a new stake in Ford Motor (NYSE:F) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 25,999 shares of the auto manufacturer’s stock, valued at approximately $275,000.

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Royal Bank of Canada restated a “sector perform” rating and set a $10.00 target price on shares of Ford Motor in a report on Tuesday, October 29th. Wells Fargo & Company dropped their target price on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Tuesday, September 10th. Barclays reduced their price target on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. The Goldman Sachs Group upgraded 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 report on Tuesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $12.02.

Ford Motor Stock Up 2.0 %

Shares of NYSE:F opened at $11.23 on Tuesday. Ford Motor has a 12-month low of $9.49 and a 12-month high of $14.85. The stock has a market capitalization of $44.61 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 2.00 and a beta of 1.62. The stock has a fifty day simple moving average of $10.80 and a two-hundred day simple moving average of $11.49. 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 posted its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The firm had revenue of $46.20 billion during the quarter, compared to analyst estimates of $45.13 billion. During the same quarter in the previous year, the firm earned $0.39 EPS. Ford Motor’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, research analysts anticipate that Ford Motor will post 1.82 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date of this dividend is Thursday, November 7th. Ford Motor’s payout ratio is 68.18%.

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.