Centaurus Financial Inc. Increases Stake in Ford Motor (NYSE:F)

Centaurus Financial Inc. grew its stake in shares of Ford Motor (NYSE:F) by 19.1% in the third quarter, HoldingsChannel.com reports. The firm owned 65,670 shares of the auto manufacturer’s stock after buying an additional 10,523 shares during the quarter. Centaurus Financial Inc.’s holdings in Ford Motor were worth $693,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Olistico Wealth LLC purchased a new position in Ford Motor during the 2nd quarter valued at about $25,000. Family Firm Inc. purchased a new position in shares of Ford Motor during the second quarter valued at approximately $26,000. Quarry LP bought a new position in shares of Ford Motor during the second quarter valued at approximately $27,000. Ridgewood Investments LLC purchased a new stake in Ford Motor in the second quarter worth $28,000. Finally, Kimelman & Baird LLC bought a new stake in Ford Motor in the second quarter valued at $30,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Price Performance

Shares of F opened at $11.40 on Tuesday. The company has a market capitalization of $45.31 billion, a P/E ratio of 12.95, a price-to-earnings-growth ratio of 2.04 and a beta of 1.62. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34. The firm has a 50 day moving average of $10.84 and a 200 day moving average of $11.45. Ford Motor has a twelve month low of $9.49 and a twelve month high of $14.85.

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

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th will be paid a $0.15 dividend. The ex-dividend date is Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.26%. Ford Motor’s dividend payout ratio is presently 68.18%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wells Fargo & Company decreased their price objective on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Tuesday, September 10th. Sanford C. Bernstein lowered 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 report on Thursday, November 7th. The Goldman Sachs Group upgraded Ford Motor from a “neutral” rating to a “buy” rating and upped their target price for the stock from $12.00 to $13.00 in a report on Tuesday, October 1st. Morgan Stanley cut Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $16.00 to $12.00 in a research note on Wednesday, September 25th. Finally, StockNews.com raised Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Ford Motor currently has a consensus rating of “Hold” and a consensus target price of $12.02.

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.