Ford Motor (NYSE:F) Shares Sold by BOS Asset Management LLC

BOS Asset Management LLC lessened its position in Ford Motor (NYSE:F) by 2.5% during the third quarter, Holdings Channel reports. The fund owned 47,882 shares of the auto manufacturer’s stock after selling 1,204 shares during the quarter. BOS Asset Management LLC’s holdings in Ford Motor were worth $506,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of F. Olistico Wealth LLC bought a new stake in Ford Motor during the 2nd quarter valued at $25,000. Family Firm Inc. bought a new stake in shares of Ford Motor during the second quarter valued at about $26,000. Financial Synergies Wealth Advisors Inc. lifted its holdings in 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 period. Quarry LP acquired a new position in Ford Motor during the 2nd quarter valued at about $27,000. Finally, Ridgewood Investments LLC bought a new stake in shares of Ford Motor during the 2nd quarter worth about $28,000. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Stock Performance

Shares of F opened at $11.03 on Thursday. The company has a 50-day moving average of $10.71 and a two-hundred day moving average of $11.80. The stock has a market cap of $44.04 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 0.77 and a beta of 1.62. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.17 and a quick ratio of 1.00. Ford Motor has a one year low of $9.49 and a one year high of $14.85.

Ford Motor (NYSE:F) last posted its quarterly earnings data 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 firm had revenue of $47.81 billion for the quarter, compared to analysts’ expectations of $47.79 billion. Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 earnings per share. On average, equities research analysts expect that Ford Motor will post 1.88 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Wednesday, August 7th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.44%. The ex-dividend date of this dividend was Wednesday, August 7th. Ford Motor’s payout ratio is 61.86%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and increased their price objective for the company from $12.00 to $13.00 in a report on Tuesday, October 1st. Evercore ISI upgraded Ford Motor to a “hold” rating in a research report on Friday, July 26th. Wells Fargo & Company cut their price objective on Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Tuesday, September 10th. StockNews.com upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, Barclays reduced their price objective on shares of Ford Motor from $16.00 to $14.00 and set an “overweight” rating for the company in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Ford Motor currently has an average rating of “Hold” and an average target price of $12.56.

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.