Gideon Capital Advisors Inc. Has $88,000 Holdings in Ford Motor (F)
Gideon Capital Advisors Inc. trimmed its position in shares of Ford Motor (NYSE:F) by 77.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,565 shares of the auto manufacturer’s stock after selling 40,110 shares during the period. Gideon Capital Advisors Inc.’s holdings in Ford Motor were worth $88,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Victory Capital Management Inc. increased its position in shares of Ford Motor by 28.8% during the third quarter. Victory Capital Management Inc. now owns 1,498,920 shares of the auto manufacturer’s stock worth $13,865,000 after purchasing an additional 334,956 shares in the last quarter. ING Groep NV increased its position in shares of Ford Motor by 120.0% during the third quarter. ING Groep NV now owns 68,661 shares of the auto manufacturer’s stock worth $635,000 after purchasing an additional 37,452 shares in the last quarter. Toronto Dominion Bank increased its position in shares of Ford Motor by 5.8% during the third quarter. Toronto Dominion Bank now owns 2,958,335 shares of the auto manufacturer’s stock worth $27,358,000 after purchasing an additional 162,663 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of Ford Motor by 1.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 776,736 shares of the auto manufacturer’s stock worth $7,186,000 after purchasing an additional 10,728 shares in the last quarter. Finally, Ffcm LLC increased its position in shares of Ford Motor by 75.1% during the third quarter. Ffcm LLC now owns 24,239 shares of the auto manufacturer’s stock worth $241,000 after purchasing an additional 10,398 shares in the last quarter. Institutional investors own 52.74% of the company’s stock.
Several analysts recently commented on F shares. Deutsche Bank started coverage on Ford Motor in a research report on Thursday, December 13th. They set a “buy” rating for the company. Zacks Investment Research upgraded Ford Motor from a “hold” rating to a “buy” rating and set a $9.25 price target for the company in a research report on Wednesday, January 9th. Jefferies Financial Group reiterated a “buy” rating and set a $11.00 price target on shares of Ford Motor in a research report on Tuesday, January 8th. BMO Capital Markets reissued a “hold” rating and set a $8.50 price objective on shares of Ford Motor in a research note on Monday, January 7th. Finally, Barclays set a $9.00 price objective on Ford Motor and gave the stock a “hold” rating in a research note on Friday, January 4th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $10.29.
Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, January 23rd. The auto manufacturer reported $0.30 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. Ford Motor had a return on equity of 14.38% and a net margin of 2.29%. The business had revenue of $38.70 billion for the quarter, compared to analyst estimates of $36.83 billion. During the same quarter in the prior year, the company posted $0.39 EPS. The company’s quarterly revenue was up .5% on a year-over-year basis. Equities analysts forecast that Ford Motor will post 1.21 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Thursday, January 31st were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 7.12%. The ex-dividend date was Wednesday, January 30th. Ford Motor’s dividend payout ratio (DPR) is presently 46.15%.
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Ford Motor Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.
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