Benchmark Financial Wealth Advisors LLC Makes New Investment in Ford Motor (NYSE:F)

Benchmark Financial Wealth Advisors LLC purchased a new stake in shares of Ford Motor (NYSE:F) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 11,522 shares of the auto manufacturer’s stock, valued at approximately $122,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. 1834 Investment Advisors Co. grew its position in Ford Motor by 87.7% during the third quarter. 1834 Investment Advisors Co. now owns 274,433 shares of the auto manufacturer’s stock valued at $2,898,000 after buying an additional 128,256 shares during the period. Catalina Capital Group LLC boosted its stake in shares of Ford Motor by 33.9% during the 3rd quarter. Catalina Capital Group LLC now owns 19,212 shares of the auto manufacturer’s stock worth $203,000 after acquiring an additional 4,865 shares during the last quarter. Focused Wealth Management Inc bought a new stake in shares of Ford Motor during the 3rd quarter valued at $113,000. Austin Private Wealth LLC bought a new stake in shares of Ford Motor during the 3rd quarter valued at $123,000. Finally, NorthRock Partners LLC increased its stake in shares of Ford Motor by 6.8% in the 3rd quarter. NorthRock Partners LLC now owns 18,009 shares of the auto manufacturer’s stock worth $190,000 after purchasing an additional 1,139 shares in the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Trading Up 2.4 %

F opened at $10.61 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 stock’s 50 day moving average price is $10.77 and its 200-day moving average price is $11.59. Ford Motor has a one year low of $9.49 and a one year high of $14.85. The stock has a market cap of $42.18 billion, a price-to-earnings ratio of 12.06, a P/E/G ratio of 1.85 and a beta of 1.62.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The firm had revenue of $46.20 billion for the quarter, compared to analysts’ expectations of $45.13 billion. During the same period in the prior year, the business posted $0.39 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities analysts forecast that Ford Motor will post 1.82 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.66%. The ex-dividend date of this dividend is Thursday, November 7th. Ford Motor’s payout ratio is currently 68.18%.

Analyst Upgrades and Downgrades

F has been the topic of a number of recent analyst reports. Morgan Stanley cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $16.00 to $12.00 in a research note on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Wednesday, October 30th. Evercore ISI raised shares of Ford Motor to a “hold” rating in a report on Friday, July 26th. Wells Fargo & Company decreased their price target on Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday, September 10th. Finally, Barclays dropped their price objective on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Ford Motor currently has a consensus rating of “Hold” and a consensus target price of $12.41.

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.