Dahring Cusmano LLC Makes New $105,000 Investment in Ford Motor (NYSE:F)

Dahring Cusmano LLC purchased a new position in shares of Ford Motor (NYSE:F) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 10,624 shares of the auto manufacturer’s stock, valued at approximately $105,000.

A number of other hedge funds have also made changes to their positions in F. Eastern Bank purchased a new position in shares of Ford Motor in the 3rd quarter valued at $113,000. International Assets Investment Management LLC raised its stake in shares of Ford Motor by 1,215.6% in the 3rd quarter. International Assets Investment Management LLC now owns 2,693,585 shares of the auto manufacturer’s stock valued at $28,444,000 after acquiring an additional 2,488,850 shares during the period. Financial Partners Group LLC raised its stake in shares of Ford Motor by 8.3% in the 3rd quarter. Financial Partners Group LLC now owns 75,736 shares of the auto manufacturer’s stock valued at $800,000 after acquiring an additional 5,803 shares during the period. Blackston Financial Advisory Group LLC raised its stake in shares of Ford Motor by 9.9% in the 3rd quarter. Blackston Financial Advisory Group LLC now owns 20,995 shares of the auto manufacturer’s stock valued at $222,000 after acquiring an additional 1,892 shares during the period. Finally, Legacy Wealth Asset Management LLC raised its stake in shares of Ford Motor by 3.1% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 51,306 shares of the auto manufacturer’s stock valued at $542,000 after acquiring an additional 1,544 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Price Performance

Shares of F stock opened at $9.29 on Friday. The firm has a market cap of $36.80 billion, a P/E ratio of 6.36, a P/E/G ratio of 0.60 and a beta of 1.63. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02. Ford Motor has a 1-year low of $9.10 and a 1-year high of $14.85. The firm has a fifty day moving average of $9.81 and a two-hundred day moving average of $10.43.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. As a group, research analysts anticipate that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.46%. The ex-dividend date of this dividend is Tuesday, February 18th. Ford Motor’s dividend payout ratio is presently 41.10%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on F. Barclays downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $13.00 to $11.00 in a research note on Wednesday, January 22nd. Evercore ISI lowered their price target on shares of Ford Motor from $11.00 to $10.00 and set an “in-line” rating for the company in a report on Monday, February 10th. Wells Fargo & Company lowered their price target on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating for the company in a report on Thursday, February 6th. JPMorgan Chase & Co. lowered their price target on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, February 7th. Finally, Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $11.89.

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.