HBK Sorce Advisory LLC Acquires 1,187 Shares of Ford Motor Company $F

HBK Sorce Advisory LLC boosted its holdings in shares of Ford Motor Company (NYSE:F) by 3.4% during the 2nd quarter, Holdings Channel reports. The firm owned 35,608 shares of the auto manufacturer’s stock after buying an additional 1,187 shares during the period. HBK Sorce Advisory LLC’s holdings in Ford Motor were worth $386,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in F. Vanguard Group Inc. raised its stake in Ford Motor by 13.8% during the 1st quarter. Vanguard Group Inc. now owns 457,660,361 shares of the auto manufacturer’s stock valued at $4,590,333,000 after purchasing an additional 55,576,478 shares during the period. Pacer Advisors Inc. raised its stake in Ford Motor by 6,915.1% during the 1st quarter. Pacer Advisors Inc. now owns 49,078,048 shares of the auto manufacturer’s stock valued at $492,253,000 after purchasing an additional 48,378,444 shares during the period. Nuveen LLC bought a new stake in Ford Motor during the 1st quarter valued at approximately $123,147,000. Charles Schwab Investment Management Inc. raised its stake in Ford Motor by 8.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 140,053,906 shares of the auto manufacturer’s stock valued at $1,404,741,000 after purchasing an additional 10,947,527 shares during the period. Finally, Aberdeen Group plc raised its stake in Ford Motor by 150.6% during the 1st quarter. Aberdeen Group plc now owns 7,264,106 shares of the auto manufacturer’s stock valued at $72,169,000 after purchasing an additional 4,365,125 shares during the period. Institutional investors own 58.74% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on F shares. Citigroup lifted their target price on Ford Motor from $11.00 to $13.50 and gave the company a “neutral” rating in a research note on Monday, October 27th. Wall Street Zen raised Ford Motor from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. Royal Bank Of Canada upped their target price on Ford Motor from $11.00 to $12.00 and gave the stock a “sector perform” rating in a report on Friday, October 24th. Jefferies Financial Group raised Ford Motor from an “underperform” rating to a “hold” rating and boosted their price target for the stock from $9.00 to $12.00 in a research report on Monday, October 6th. Finally, Wells Fargo & Company boosted their price target on Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Friday, October 24th. Two equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $11.73.

Ford Motor Stock Performance

Shares of F stock opened at $13.13 on Friday. The company has a market capitalization of $52.24 billion, a P/E ratio of 11.31, a P/E/G ratio of 4.03 and a beta of 1.53. The business’s 50 day moving average is $12.01 and its two-hundred day moving average is $11.20. The company has a current ratio of 1.12, a quick ratio of 0.98 and a debt-to-equity ratio of 2.20. Ford Motor Company has a 12-month low of $8.44 and a 12-month high of $13.97.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. The company had revenue of $50.53 billion for the quarter, compared to the consensus estimate of $43.08 billion. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.Ford Motor’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.49 earnings per share. Analysts expect that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 7th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 4.6%. Ford Motor’s dividend payout ratio is currently 51.72%.

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.