Financial Counselors Inc. Buys 11,630 Shares of Ford Motor (NYSE:F)

Financial Counselors Inc. boosted its stake in Ford Motor (NYSE:F) by 1.4% in the third quarter, HoldingsChannel reports. The firm owned 845,195 shares of the auto manufacturer’s stock after acquiring an additional 11,630 shares during the period. Financial Counselors Inc.’s holdings in Ford Motor were worth $8,925,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Olistico Wealth LLC purchased a new position in Ford Motor during the second quarter valued at $25,000. Family Firm Inc. bought a new position in shares of Ford Motor in the second quarter worth about $26,000. Quarry LP purchased a new position in shares of Ford Motor during the 2nd quarter valued at about $27,000. Ridgewood Investments LLC bought a new position in shares of Ford Motor during the 2nd quarter valued at approximately $28,000. Finally, Kimelman & Baird LLC purchased a new stake in 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.

Analyst Ratings Changes

F has been the subject of several recent analyst reports. Morgan Stanley downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $16.00 to $12.00 in a report on Wednesday, September 25th. Wolfe Research assumed coverage on Ford Motor in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th. Sanford C. Bernstein downgraded Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price on the stock. in a research report on Thursday, November 7th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $10.00 price target on shares of Ford Motor in a research report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $12.02.

Ford Motor Price Performance

Shares of F stock opened at $11.10 on Friday. Ford Motor has a twelve month low of $9.49 and a twelve month high of $14.85. 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 fifty day simple moving average of $10.85 and a two-hundred day simple moving average of $11.44. The stock has a market capitalization of $44.11 billion, a price-to-earnings ratio of 12.61, a P/E/G ratio of 2.08 and a beta of 1.62.

Ford Motor (NYSE:F) last issued its 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. The company had revenue of $46.20 billion for the quarter, compared to analysts’ expectations of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.39 EPS. On average, analysts predict that Ford Motor will post 1.81 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.41%. The ex-dividend date 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.