Bridges Investment Management Inc. Invests $156,000 in Ford Motor (NYSE:F)

Bridges Investment Management Inc. bought a new position in shares of Ford Motor (NYSE:F) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,796 shares of the auto manufacturer’s stock, valued at approximately $156,000.

A number of other hedge funds have also modified their holdings of the business. Hager Investment Management Services LLC purchased a new position in Ford Motor in the 4th quarter valued at $26,000. Bank of Jackson Hole Trust purchased a new position in Ford Motor in the 4th quarter valued at $29,000. Kentucky Trust Co purchased a new position in Ford Motor in the 4th quarter valued at $31,000. Crewe Advisors LLC grew its position in Ford Motor by 169.9% in the 4th quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock valued at $33,000 after buying an additional 2,068 shares during the last quarter. Finally, Access Investment Management LLC purchased a new position in Ford Motor in the 3rd quarter valued at $34,000. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

F has been the topic of a number of analyst reports. Royal Bank of Canada lowered their price objective on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 6th. Sanford C. Bernstein lowered shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective on the stock. in a research report on Thursday, November 7th. Barclays lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Evercore ISI reduced their target price on Ford Motor from $11.00 to $10.00 and set an “in-line” rating for the company in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. reduced their target price on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, February 7th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Ford Motor currently has a consensus rating of “Hold” and a consensus price target of $11.89.

Ford Motor Trading Down 1.7 %

NYSE:F opened at $9.39 on Tuesday. The company has a market capitalization of $37.22 billion, a PE ratio of 6.43, a price-to-earnings-growth ratio of 0.61 and a beta of 1.63. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. Ford Motor has a 52-week low of $9.10 and a 52-week high of $14.85. The stock has a fifty day simple moving average of $9.76 and a 200-day simple moving average of $10.41.

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

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 6.39%. The ex-dividend date was Tuesday, February 18th. Ford Motor’s payout ratio is 41.10%.

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.