Brass Tax Wealth Management Inc. Lowers Position in Ford Motor (NYSE:F)

Brass Tax Wealth Management Inc. cut its stake in shares of Ford Motor (NYSE:F) by 11.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,141 shares of the auto manufacturer’s stock after selling 1,563 shares during the period. Brass Tax Wealth Management Inc.’s holdings in Ford Motor were worth $128,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Birmingham Capital Management Co. Inc. AL grew its stake in Ford Motor by 21.4% during the third quarter. Birmingham Capital Management Co. Inc. AL now owns 14,200 shares of the auto manufacturer’s stock worth $150,000 after buying an additional 2,500 shares during the period. Franklin Resources Inc. raised its position in Ford Motor by 29.8% in the third quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer’s stock valued at $15,998,000 after purchasing an additional 336,720 shares during the period. Tidal Investments LLC lifted its stake in shares of Ford Motor by 79.4% during the third quarter. Tidal Investments LLC now owns 302,940 shares of the auto manufacturer’s stock worth $3,199,000 after purchasing an additional 134,042 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Ford Motor in the third quarter worth about $192,000. Finally, World Investment Advisors LLC grew its stake in shares of Ford Motor by 31.8% in the third quarter. World Investment Advisors LLC now owns 33,168 shares of the auto manufacturer’s stock valued at $350,000 after buying an additional 8,000 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Price Performance

Shares of F opened at $10.39 on Friday. The firm has a market capitalization of $41.29 billion, a price-to-earnings ratio of 11.81, a price-to-earnings-growth ratio of 1.90 and a beta of 1.62. 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 stock’s fifty day moving average is $10.85 and its 200-day moving average is $11.31. Ford Motor has a one year low of $9.49 and a one year high of $14.85.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02. The business had revenue of $46.20 billion during the quarter, compared to analyst estimates of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The company’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 earnings per share. Equities analysts anticipate that Ford Motor will post 1.81 EPS for the current year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders 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 dividend yield of 5.77%. Ford Motor’s dividend payout ratio (DPR) is presently 68.18%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on F shares. Sanford C. Bernstein cut shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective for the company. in a research report on Thursday, November 7th. Wolfe Research restated an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Wells Fargo & Company reduced their target price on Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Tuesday, September 10th. Morgan Stanley downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $16.00 to $12.00 in a research note on Wednesday, September 25th. Finally, The Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $12.00 to $13.00 in a research report on Tuesday, October 1st. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $12.09.

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.