Grantvest Financial Group LLC Purchases New Stake in Ford Motor (NYSE:F)

Grantvest Financial Group LLC acquired a new position in shares of Ford Motor (NYSE:F) in the 4th quarter, HoldingsChannel reports. The fund acquired 19,188 shares of the auto manufacturer’s stock, valued at approximately $190,000.

Several other large investors also recently made changes to their positions in the business. Hager Investment Management Services LLC purchased a new position in Ford Motor in the 4th quarter valued at about $26,000. Bank of Jackson Hole Trust purchased a new position in Ford Motor in the fourth quarter valued at about $29,000. Flagship Wealth Advisors LLC acquired a new stake in Ford Motor during the 4th quarter valued at approximately $30,000. Kentucky Trust Co acquired a new position in shares of Ford Motor in the 4th quarter valued at approximately $31,000. Finally, Crewe Advisors LLC boosted its stake in shares of Ford Motor by 169.9% during 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. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Up 0.3 %

Shares of Ford Motor stock opened at $10.05 on Monday. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02. Ford Motor has a 1-year low of $9.06 and a 1-year high of $14.85. The business’s fifty day moving average price is $9.73 and its two-hundred day moving average price is $10.29. The company has a market capitalization of $39.81 billion, a P/E ratio of 6.88, a PEG ratio of 0.61 and a beta of 1.59.

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

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.97%. Ford Motor’s dividend payout ratio is presently 41.10%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on F shares. Jefferies Financial Group cut shares of Ford Motor from a “hold” rating to an “underperform” rating and reduced their price target for the stock from $12.00 to $9.00 in a research report on Monday, December 16th. JPMorgan Chase & Co. reduced their target price on Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Barclays downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $13.00 to $11.00 in a report on Wednesday, January 22nd. TD Cowen started coverage on Ford Motor in a research note on Friday, March 7th. They set a “hold” rating and a $10.00 price objective on the stock. Finally, Bank of America lowered their target price on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a research note on Thursday, February 6th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $11.50.

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.