Avitas Wealth Management LLC grew its position in shares of Ford Motor (NYSE:F – Free Report) by 1.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 119,290 shares of the auto manufacturer’s stock after buying an additional 1,612 shares during the period. Avitas Wealth Management LLC’s holdings in Ford Motor were worth $1,260,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of F. Olistico Wealth LLC acquired a new stake in shares of Ford Motor during the 2nd quarter worth $25,000. Family Firm Inc. acquired a new stake in shares of Ford Motor during the 2nd quarter worth $26,000. Quarry LP acquired a new stake in shares of Ford Motor during the 2nd quarter worth $27,000. Ridgewood Investments LLC acquired a new stake in Ford Motor in the second quarter valued at about $28,000. Finally, Kimelman & Baird LLC acquired a new stake in Ford Motor in the second quarter valued at about $30,000. 58.74% of the stock is owned by institutional investors and hedge funds.
Ford Motor Price Performance
Shares of F opened at $10.47 on Thursday. Ford Motor has a 1 year low of $9.49 and a 1 year high of $14.85. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.17 and a quick ratio of 1.00. The company has a market capitalization of $41.78 billion, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 1.58 and a beta of 1.62. The business has a 50-day moving average of $10.83 and a 200-day moving average of $11.64.
Ford Motor Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 5.73%. Ford Motor’s payout ratio is currently 61.86%.
Analyst Upgrades and Downgrades
F has been the topic of several research analyst reports. Evercore ISI raised Ford Motor to a “hold” rating in a research note on Friday, July 26th. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and raised their price objective for the company from $12.00 to $13.00 in a research note on Tuesday, October 1st. Barclays dropped their target price on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday. 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. Finally, Morgan Stanley downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $16.00 to $12.00 in a research report on Wednesday, September 25th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Ford Motor presently has a consensus rating of “Hold” and an average price target of $12.41.
Check Out Our Latest Stock Analysis on F
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.
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