Independent Solutions Wealth Management LLC Sells 11,738 Shares of Ford Motor (NYSE:F)

Independent Solutions Wealth Management LLC cut its stake in Ford Motor (NYSE:F) by 17.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 57,053 shares of the auto manufacturer’s stock after selling 11,738 shares during the quarter. Independent Solutions Wealth Management LLC’s holdings in Ford Motor were worth $602,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in F. Family Firm Inc. bought a new position in Ford Motor in the 2nd quarter worth about $26,000. Quarry LP purchased a new stake in Ford Motor in the second quarter valued at approximately $27,000. Ridgewood Investments LLC bought a new stake in Ford Motor during the second quarter valued at approximately $28,000. Kimelman & Baird LLC purchased a new position in Ford Motor in the 2nd quarter worth approximately $30,000. Finally, Reston Wealth Management LLC purchased a new stake in shares of Ford Motor during the 3rd quarter valued at $33,000. 58.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their target price on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, October 30th. Barclays cut their price objective on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. The Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $12.00 to $13.00 in a research note on Tuesday, October 1st. Royal Bank of Canada reissued a “sector perform” rating and issued a $10.00 target price on shares of Ford Motor in a research note on Tuesday, October 29th. Finally, Wells Fargo & Company lowered their price objective on Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Tuesday, September 10th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $11.83.

Ford Motor Stock Performance

Shares of NYSE:F traded up $0.07 on Thursday, hitting $9.76. 46,978,958 shares of the company were exchanged, compared to its average volume of 54,159,234. The firm has a market capitalization of $38.79 billion, a P/E ratio of 11.09, a price-to-earnings-growth 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. Ford Motor has a 1-year low of $9.49 and a 1-year high of $14.85. The stock’s 50 day moving average price is $10.81 and its 200 day moving average price is $11.27.

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

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 7th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 6.15%. The ex-dividend date was Thursday, November 7th. Ford Motor’s payout ratio is presently 68.18%.

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.