First Heartland Consultants Inc. Cuts Stock Position in Ford Motor (NYSE:F)

First Heartland Consultants Inc. decreased its stake in shares of Ford Motor (NYSE:F) by 3.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,882 shares of the auto manufacturer’s stock after selling 1,123 shares during the quarter. First Heartland Consultants Inc.’s holdings in Ford Motor were worth $437,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Olistico Wealth LLC purchased a new position in Ford Motor in the 2nd quarter worth approximately $25,000. Financial Synergies Wealth Advisors Inc. raised its stake in shares of Ford Motor by 1,997.9% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 1,938 shares during the last quarter. Family Firm Inc. purchased a new stake in shares of Ford Motor during the second quarter valued at $26,000. Fortis Group Advisors LLC raised its position in Ford Motor by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock worth $26,000 after buying an additional 1,086 shares during the last quarter. Finally, Voisard Asset Management Group Inc. bought a new stake in shares of Ford Motor in the fourth quarter worth approximately $27,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on F shares. StockNews.com raised Ford Motor from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Barclays reduced their price target on shares of Ford Motor from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Royal Bank of Canada dropped their price objective on shares of Ford Motor from $13.00 to $10.00 and set a “sector perform” rating on the stock in a report on Monday, August 12th. The Goldman Sachs Group reduced their target price on shares of Ford Motor from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, July 25th. Finally, Citigroup lifted their price target on shares of Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $13.48.

Ford Motor Trading Down 1.6 %

Ford Motor stock traded down $0.18 during midday trading on Monday, reaching $11.09. The stock had a trading volume of 21,697,554 shares, compared to its average volume of 54,527,309. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 2.30. The firm has a market cap of $44.28 billion, a price-to-earnings ratio of 11.61, a price-to-earnings-growth ratio of 0.75 and a beta of 1.62. Ford Motor has a 52-week low of $9.49 and a 52-week high of $14.85. The company has a fifty day moving average of $11.91 and a 200 day moving average of $12.25.

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 the consensus estimate of $0.68 by ($0.21). The business had revenue of $47.81 billion for the quarter, compared to the consensus estimate of $47.79 billion. Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.72 earnings per share. On average, analysts anticipate that Ford Motor will post 1.94 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 7th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.41%. The ex-dividend date is Wednesday, August 7th. Ford Motor’s payout ratio is 61.86%.

Ford Motor 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.