Ford Motor Company $F Stock Purchased by Kestra Advisory Services LLC

Kestra Advisory Services LLC boosted its position in shares of Ford Motor Company (NYSE:F) by 13.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 678,801 shares of the auto manufacturer’s stock after acquiring an additional 78,300 shares during the period. Kestra Advisory Services LLC’s holdings in Ford Motor were worth $8,186,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ninety One UK Ltd acquired a new stake in Ford Motor in the third quarter valued at $25,000. Manning & Napier Advisors LLC acquired a new stake in Ford Motor during the 2nd quarter worth $31,000. Legacy Wealth Managment LLC ID raised its stake in Ford Motor by 108.4% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock worth $27,000 after acquiring an additional 1,230 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new position in Ford Motor in the third quarter valued at $36,000. Finally, MidFirst Bank purchased a new position in shares of Ford Motor during the second quarter worth about $43,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Down 2.1%

Ford Motor stock opened at $12.26 on Wednesday. The company has a debt-to-equity ratio of 2.97, a quick ratio of 0.94 and a current ratio of 1.08. The stock’s fifty day moving average is $12.68 and its two-hundred day moving average is $13.32. Ford Motor Company has a fifty-two week low of $11.11 and a fifty-two week high of $17.78. The firm has a market capitalization of $48.94 billion, a price-to-earnings ratio of 7.36, a price-to-earnings-growth ratio of 0.24 and a beta of 1.88.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.08. Ford Motor had a negative net margin of 4.17% and a positive return on equity of 18.89%. The company had revenue of $49.53 billion during the quarter, compared to analysts’ expectations of $49.08 billion. During the same quarter in the previous year, the business posted $0.45 earnings per share. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. Analysts predict that Ford Motor Company will post 1.90 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, November 10th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $0.60 annualized dividend and a yield of 4.9%. Ford Motor’s payout ratio is presently -30.46%.

Analyst Ratings Changes

A number of research firms recently issued reports on F. The Goldman Sachs Group dropped their price target on Ford Motor from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, October 29th. Wall Street Zen downgraded shares of Ford Motor from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Jefferies Financial Group raised shares of Ford Motor from a “hold” rating to a “buy” rating and raised their price objective for the stock from $14.50 to $17.50 in a research report on Monday, July 27th. Zacks Research downgraded shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Finally, Dbs Bank raised Ford Motor from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, August 11th. Seven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ford Motor presently has an average rating of “Hold” and an average target price of $15.02.

Ford Motor Profile

Ford Motor Company designs, manufactures, markets and services vehicles under the Ford and Lincoln brands. Its lineup includes cars, trucks, sport utility vehicles and commercial vehicles, as well as battery-electric and hybrid models. The company also provides vehicle-related services and financing through Ford Credit. Ford serves customers in North America and markets around the world, including Europe, South America and the Asia-Pacific region. Its operations include vehicle development and manufacturing, sales and after-sales support, and services for commercial fleet customers.