Neo Ivy Capital Management Makes New $3.21 Million Investment in Ford Motor (NYSE:F)

Neo Ivy Capital Management purchased a new stake in Ford Motor (NYSE:F) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 303,982 shares of the auto manufacturer’s stock, valued at approximately $3,210,000. Ford Motor makes up approximately 1.0% of Neo Ivy Capital Management’s investment portfolio, making the stock its 11th largest holding.

A number of other hedge funds also recently made changes to their positions in F. Insight Wealth Partners LLC raised its holdings in Ford Motor by 1.9% in the 2nd quarter. Insight Wealth Partners LLC now owns 44,144 shares of the auto manufacturer’s stock valued at $554,000 after buying an additional 843 shares during the last quarter. Pallas Capital Advisors LLC raised its holdings in Ford Motor by 2.9% during the 2nd quarter. Pallas Capital Advisors LLC now owns 29,850 shares of the auto manufacturer’s stock worth $374,000 after purchasing an additional 846 shares during the last quarter. Meridian Financial Partners LLC raised its holdings in Ford Motor by 1.1% during the 3rd quarter. Meridian Financial Partners LLC now owns 85,471 shares of the auto manufacturer’s stock worth $903,000 after purchasing an additional 953 shares during the last quarter. Apollon Wealth Management LLC grew its position in shares of Ford Motor by 1.1% during the 3rd quarter. Apollon Wealth Management LLC now owns 92,950 shares of the auto manufacturer’s stock worth $982,000 after buying an additional 969 shares during the period. Finally, Beaird Harris Wealth Management LLC grew its position in shares of Ford Motor by 3.0% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 33,534 shares of the auto manufacturer’s stock worth $421,000 after buying an additional 982 shares during the period. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Stock Performance

Shares of F stock opened at $10.56 on Wednesday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. The company has a market capitalization of $41.95 billion, a P/E ratio of 11.99, a PEG ratio of 1.91 and a beta of 1.62. The stock has a 50 day moving average price of $10.86 and a two-hundred day moving average price of $11.35. 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 released its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. The company had revenue of $46.20 billion for the quarter, compared to analysts’ expectations of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. Ford Motor’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $0.39 earnings per share. Analysts expect that Ford Motor will post 1.81 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently announced 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 of this dividend was Thursday, November 7th. This represents a $0.60 annualized dividend and a yield of 5.68%. Ford Motor’s payout ratio is 68.18%.

Wall Street Analysts Forecast Growth

F has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, October 30th. Wells Fargo & Company cut their price objective on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday, September 10th. Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $10.00 price objective on shares of Ford Motor in a report on Tuesday, October 29th. Finally, Sanford C. Bernstein downgraded shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective on the stock. in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $12.08.

Ford Motor Company 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.