GDS Wealth Management Acquires New Position in Ford Motor (NYSE:F)

GDS Wealth Management bought a new position in Ford Motor (NYSE:F) in the 2nd quarter, Holdings Channel.com reports. The fund bought 12,529 shares of the auto manufacturer’s stock, valued at approximately $157,000.

Several other large investors also recently added to or reduced their stakes in the business. Moors & Cabot Inc. grew its position in Ford Motor by 18.4% in the second quarter. Moors & Cabot Inc. now owns 93,864 shares of the auto manufacturer’s stock worth $1,177,000 after acquiring an additional 14,561 shares in the last quarter. Renaissance Technologies LLC grew its position in Ford Motor by 8.5% in the second quarter. Renaissance Technologies LLC now owns 3,565,409 shares of the auto manufacturer’s stock worth $44,710,000 after acquiring an additional 278,700 shares in the last quarter. Citizens Financial Group Inc. RI bought a new stake in Ford Motor in the second quarter worth approximately $156,000. Dimensional Fund Advisors LP grew its position in Ford Motor by 27.4% in the second quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock worth $453,732,000 after acquiring an additional 7,793,944 shares in the last quarter. Finally, Marble Harbor Investment Counsel LLC bought a new stake in Ford Motor in the second quarter worth approximately $130,000. 58.74% of the stock is owned by institutional investors.

Ford Motor Stock Up 1.0 %

Shares of NYSE F opened at $10.80 on Tuesday. The company has a 50 day simple moving average of $11.43 and a 200 day simple moving average of $12.08. The firm has a market cap of $43.12 billion, a PE ratio of 11.13, a price-to-earnings-growth ratio of 0.76 and a beta of 1.62. 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.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). The firm had revenue of $47.81 billion for the quarter, compared to analyst estimates of $47.79 billion. Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.72 EPS. On average, research analysts forecast that Ford Motor will post 1.88 EPS for the current year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 7th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.56%. The ex-dividend date of this dividend was Wednesday, August 7th. Ford Motor’s dividend payout ratio (DPR) is 61.86%.

Wall Street Analyst Weigh In

F has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $11.00 price objective on shares of Ford Motor in a report on Tuesday, September 10th. Royal Bank of Canada decreased their price objective on shares of Ford Motor from $13.00 to $10.00 and set a “sector perform” rating for the company in a report on Monday, August 12th. Wells Fargo & Company decreased their price objective on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Tuesday, September 10th. Barclays decreased their price objective on shares of Ford Motor from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $16.00 price objective on shares of Ford Motor in a report on Thursday, September 12th. Two 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $12.95.

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.