10,645 Shares in Ford Motor (NYSE:F) Bought by Fortress Financial Group LLC

Fortress Financial Group LLC purchased a new position in Ford Motor (NYSE:F) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,645 shares of the auto manufacturer’s stock, valued at approximately $105,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. abrdn plc raised its position in shares of Ford Motor by 18.3% during the third quarter. abrdn plc now owns 3,124,509 shares of the auto manufacturer’s stock worth $32,792,000 after purchasing an additional 483,217 shares during the period. Fidelis Capital Partners LLC increased its stake in Ford Motor by 13.2% during the 3rd quarter. Fidelis Capital Partners LLC now owns 12,622 shares of the auto manufacturer’s stock valued at $140,000 after purchasing an additional 1,473 shares in the last quarter. Avitas Wealth Management LLC raised its holdings in Ford Motor by 1.4% during the third quarter. Avitas Wealth Management LLC now owns 119,290 shares of the auto manufacturer’s stock worth $1,260,000 after buying an additional 1,612 shares during the last quarter. Tandem Capital Management Corp ADV raised its holdings in Ford Motor by 18.2% during the third quarter. Tandem Capital Management Corp ADV now owns 24,695 shares of the auto manufacturer’s stock worth $261,000 after buying an additional 3,800 shares during the last quarter. Finally, Voisard Asset Management Group Inc. lifted its stake in shares of Ford Motor by 155.2% in the third quarter. Voisard Asset Management Group Inc. now owns 5,609 shares of the auto manufacturer’s stock valued at $59,000 after buying an additional 3,411 shares in the last quarter. 58.74% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Bank of America decreased their target price on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a research report on Thursday, February 6th. Jefferies Financial Group lowered Ford Motor from a “hold” rating to an “underperform” rating and decreased their price objective for the stock from $12.00 to $9.00 in a report on Monday, December 16th. Wells Fargo & Company lowered their price objective on Ford Motor from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Thursday, February 6th. BNP Paribas raised Ford Motor to a “hold” rating in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. lowered their price target on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $11.89.

Ford Motor Stock Performance

NYSE F opened at $9.30 on Friday. The company has a market capitalization of $36.84 billion, a PE ratio of 6.37, a price-to-earnings-growth ratio of 0.61 and a beta of 1.63. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. Ford Motor has a 52-week low of $9.10 and a 52-week high of $14.85. The company has a 50-day simple moving average of $9.78 and a 200 day simple moving average of $10.42.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. On average, research analysts predict that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.60 annualized dividend and a dividend yield of 6.46%. Ford Motor’s payout ratio is presently 41.10%.

Ford Motor 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.