Ford Motor (NYSE:F) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC increased its holdings in Ford Motor (NYSE:F) by 6.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 94,227 shares of the auto manufacturer’s stock after buying an additional 5,557 shares during the quarter. Empowered Funds LLC’s holdings in Ford Motor were worth $995,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Empirical Finance LLC increased its holdings in Ford Motor by 2.2% in the 3rd quarter. Empirical Finance LLC now owns 135,549 shares of the auto manufacturer’s stock worth $1,431,000 after buying an additional 2,853 shares during the period. First Business Financial Services Inc. acquired a new position in Ford Motor in the 3rd quarter worth approximately $134,000. CIBC Asset Management Inc boosted its position in Ford Motor by 8.0% in the 3rd quarter. CIBC Asset Management Inc now owns 569,629 shares of the auto manufacturer’s stock worth $6,015,000 after purchasing an additional 42,081 shares in the last quarter. OneDigital Investment Advisors LLC boosted its position in Ford Motor by 39.9% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 192,185 shares of the auto manufacturer’s stock worth $2,029,000 after purchasing an additional 54,830 shares in the last quarter. Finally, ING Groep NV boosted its position in Ford Motor by 93.4% in the 3rd quarter. ING Groep NV now owns 1,181,128 shares of the auto manufacturer’s stock worth $12,473,000 after purchasing an additional 570,293 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on F. Morgan Stanley lowered Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $16.00 to $12.00 in a research report on Wednesday, September 25th. Barclays lowered their price objective on Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Evercore ISI upgraded Ford Motor to a “hold” rating in a research report on Friday, July 26th. Royal Bank of Canada reiterated a “sector perform” rating and set a $10.00 target price on shares of Ford Motor in a research report on Tuesday, October 29th. Finally, Wells Fargo & Company decreased their target price on Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 10th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Ford Motor has an average rating of “Hold” and a consensus price target of $12.02.

Ford Motor Stock Up 3.5 %

Shares of F opened at $11.18 on Friday. Ford Motor has a 52-week low of $9.49 and a 52-week high of $14.85. The company has a market capitalization of $44.43 billion, a PE ratio of 12.70, a price-to-earnings-growth ratio of 2.01 and a beta of 1.62. The stock has a fifty day simple moving average of $10.83 and a two-hundred day simple moving average of $11.46. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34.

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 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 company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the company earned $0.39 EPS. As a group, equities analysts forecast that Ford Motor will post 1.81 EPS for the current year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 7th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date of this dividend is Thursday, November 7th. Ford Motor’s payout ratio is 68.18%.

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.