Voisard Asset Management Group Inc. Raises Position in Ford Motor (NYSE:F)

Voisard Asset Management Group Inc. increased its holdings in Ford Motor (NYSE:F) by 155.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,609 shares of the auto manufacturer’s stock after purchasing an additional 3,411 shares during the quarter. Voisard Asset Management Group Inc.’s holdings in Ford Motor were worth $59,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Tandem Capital Management Corp ADV increased its position in shares of Ford Motor by 18.2% in the third quarter. Tandem Capital Management Corp ADV now owns 24,695 shares of the auto manufacturer’s stock valued at $261,000 after acquiring an additional 3,800 shares during the period. Highline Wealth Partners LLC bought a new stake in shares of Ford Motor during the 3rd quarter valued at about $493,000. Avitas Wealth Management LLC boosted its stake in shares of Ford Motor by 1.4% during the 3rd quarter. Avitas Wealth Management LLC now owns 119,290 shares of the auto manufacturer’s stock valued at $1,260,000 after purchasing an additional 1,612 shares in the last quarter. Childress Capital Advisors LLC boosted its stake in Ford Motor by 29.4% during the third quarter. Childress Capital Advisors LLC now owns 54,596 shares of the auto manufacturer’s stock worth $577,000 after acquiring an additional 12,389 shares in the last quarter. Finally, Fidelis Capital Partners LLC boosted its stake in Ford Motor by 13.2% during the third quarter. Fidelis Capital Partners LLC now owns 12,622 shares of the auto manufacturer’s stock worth $140,000 after acquiring an additional 1,473 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Up 0.5 %

F opened at $10.47 on Thursday. The stock has a market cap 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 company has a debt-to-equity ratio of 2.30, a quick ratio of 1.00 and a current ratio of 1.17. The firm’s fifty day moving average is $10.83 and its 200 day moving average is $11.64. Ford Motor has a fifty-two week low of $9.49 and a fifty-two week high of $14.85.

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 return on equity of 15.28% and a net margin of 2.13%. The business had revenue of $46.20 billion during the quarter, compared to analyst estimates of $45.13 billion. During the same quarter in the prior year, the business posted $0.39 EPS. Ford Motor’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, sell-side analysts forecast that Ford Motor will post 1.86 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th will be paid a $0.15 dividend. The ex-dividend date 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 presently 61.86%.

Analysts Set New Price Targets

Several equities research analysts recently commented on F shares. Wolfe Research assumed coverage on shares of Ford Motor in a research note on Thursday, September 5th. They set a “peer perform” rating on the stock. Evercore ISI upgraded shares of Ford Motor to a “hold” rating in a research note on Friday, July 26th. The Goldman Sachs Group upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and upped their target price for the stock from $12.00 to $13.00 in a research note on Tuesday, October 1st. Morgan Stanley cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $16.00 to $12.00 in a report on Wednesday, September 25th. Finally, 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. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Ford Motor has an average rating of “Hold” and an average target price of $12.41.

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.