Wilmington Savings Fund Society FSB Makes New Investment in Ford Motor (NYSE:F)

Wilmington Savings Fund Society FSB bought a new stake in Ford Motor (NYSE:F) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 18,187 shares of the auto manufacturer’s stock, valued at approximately $192,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in F. World Investment Advisors LLC lifted its position in shares of Ford Motor by 31.8% during the 3rd quarter. World Investment Advisors LLC now owns 33,168 shares of the auto manufacturer’s stock worth $350,000 after buying an additional 8,000 shares during the last quarter. Sculati Wealth Management LLC raised its stake in Ford Motor by 4.7% during the third quarter. Sculati Wealth Management LLC now owns 37,774 shares of the auto manufacturer’s stock worth $399,000 after acquiring an additional 1,709 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Ford Motor in the third quarter worth about $1,045,000. Second Line Capital LLC boosted its stake in shares of Ford Motor by 20.7% in the 3rd quarter. Second Line Capital LLC now owns 15,277 shares of the auto manufacturer’s stock valued at $161,000 after purchasing an additional 2,625 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its holdings in shares of Ford Motor by 21.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 40,674 shares of the auto manufacturer’s stock valued at $430,000 after purchasing an additional 7,175 shares during the last quarter. Institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Performance

Shares of Ford Motor stock opened at $9.69 on Thursday. The company has a market cap of $38.51 billion, a P/E ratio of 11.01, a PEG ratio of 1.90 and a beta of 1.62. 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 business has a 50-day moving average price of $10.81 and a two-hundred day moving average price of $11.27. Ford Motor has a 1-year low of $9.49 and a 1-year high of $14.85.

Ford Motor (NYSE:F) last issued its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $46.20 billion during the quarter, compared to the consensus estimate of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 earnings per share. As a group, analysts anticipate that Ford Motor will post 1.81 EPS for the current year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 7th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 6.19%. The ex-dividend date was Thursday, November 7th. Ford Motor’s dividend payout ratio is presently 68.18%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Jefferies Financial Group downgraded shares of Ford Motor from a “hold” rating to an “underperform” rating and dropped their price objective for the company from $12.00 to $9.00 in a research note on Monday. Deutsche Bank Aktiengesellschaft cut their price objective on Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th. Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Barclays reduced 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. Finally, Sanford C. Bernstein lowered shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective for the company. in a report on Thursday, November 7th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $11.83.

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.