Legacy Wealth Asset Management LLC Lowers Stake in Ford Motor (NYSE:F)

Legacy Wealth Asset Management LLC lessened its holdings in Ford Motor (NYSE:F) by 2.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 50,159 shares of the auto manufacturer’s stock after selling 1,147 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Ford Motor were worth $497,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Quarry LP purchased a new stake in shares of Ford Motor during the second quarter worth about $27,000. Kimelman & Baird LLC purchased a new stake in Ford Motor during the 2nd quarter worth approximately $30,000. Reston Wealth Management LLC acquired a new position in shares of Ford Motor during the third quarter valued at approximately $33,000. Access Investment Management LLC purchased a new position in shares of Ford Motor in the third quarter valued at approximately $34,000. Finally, Modus Advisors LLC acquired a new stake in shares of Ford Motor in the fourth quarter worth approximately $34,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Trading Up 1.6 %

Shares of NYSE F opened at $10.17 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. The stock has a market capitalization of $40.43 billion, a PE ratio of 11.56, a PEG ratio of 1.86 and a beta of 1.64. Ford Motor has a twelve month low of $9.49 and a twelve month high of $14.85. The stock has a fifty day simple moving average of $10.40 and a 200-day simple moving average of $10.96.

Ford Motor (NYSE:F) last issued its quarterly 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. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The company had revenue of $46.20 billion for the quarter, compared to analyst estimates of $45.13 billion. During the same period in the prior year, the firm earned $0.39 earnings per share. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities analysts forecast that Ford Motor will post 1.77 earnings per share for the current year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th were given a $0.15 dividend. The ex-dividend date was Thursday, November 7th. This represents a $0.60 annualized dividend and a yield of 5.90%. Ford Motor’s dividend payout ratio is presently 68.18%.

Analysts Set New Price Targets

Several research firms recently commented on F. Jefferies Financial Group downgraded Ford Motor from a “hold” rating to an “underperform” rating and reduced their price objective for the company from $12.00 to $9.00 in a research note on Monday, December 16th. Morgan Stanley lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $16.00 to $12.00 in a research note on Wednesday, September 25th. The Goldman Sachs Group upgraded Ford Motor from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $12.00 to $13.00 in a research report on Tuesday, October 1st. Sanford C. Bernstein cut Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price for the company. in a report on Thursday, November 7th. Finally, Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $11.83.

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.