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

Occidental Asset Management LLC lowered its holdings in Ford Motor (NYSE:F) by 1.8% in the second quarter, HoldingsChannel reports. The firm owned 52,625 shares of the auto manufacturer’s stock after selling 976 shares during the quarter. Occidental Asset Management LLC’s holdings in Ford Motor were worth $796,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in F. Tanglewood Legacy Advisors LLC acquired a new position in shares of Ford Motor during the 1st quarter worth $25,000. Boulder Wealth Advisors LLC acquired a new stake in shares of Ford Motor during the 4th quarter worth about $27,000. Milestone Investment Advisors LLC purchased a new position in shares of Ford Motor during the 1st quarter worth about $27,000. Ridgewood Investments LLC purchased a new position in shares of Ford Motor during the 1st quarter worth about $28,000. Finally, Core Alternative Capital lifted its holdings in shares of Ford Motor by 66.4% during the 1st quarter. Core Alternative Capital now owns 2,284 shares of the auto manufacturer’s stock worth $29,000 after acquiring an additional 911 shares during the period. Institutional investors and hedge funds own 52.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Daiwa Capital Markets lifted their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Tuesday, August 1st. Jefferies Financial Group cut Ford Motor from a “buy” rating to a “hold” rating and cut their target price for the company from $17.00 to $15.00 in a research note on Monday, July 31st. Morgan Stanley restated an “overweight” rating and set a $16.00 price objective on shares of Ford Motor in a research note on Tuesday, August 1st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $12.00 price target on shares of Ford Motor in a research report on Wednesday, August 30th. Finally, JPMorgan Chase & Co. lifted their price target on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $14.50.

Ford Motor Price Performance

Shares of F stock opened at $12.33 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 2.15. Ford Motor has a twelve month low of $10.90 and a twelve month high of $15.42. The company has a market cap of $49.35 billion, a P/E ratio of 12.09, a P/E/G ratio of 0.86 and a beta of 1.61. The business has a fifty day simple moving average of $12.91 and a 200 day simple moving average of $12.74.

Ford Motor (NYSE:F) last announced its earnings results on Thursday, July 27th. The auto manufacturer reported $0.72 EPS for the quarter, beating the consensus estimate of $0.51 by $0.21. The company had revenue of $44.95 billion for the quarter, compared to analyst estimates of $43.17 billion. Ford Motor had a return on equity of 20.48% and a net margin of 2.44%. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.68 EPS. On average, sell-side analysts forecast that Ford Motor will post 2.11 EPS for the current fiscal year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, July 25th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.87%. The ex-dividend date of this dividend was Monday, July 24th. Ford Motor’s dividend payout ratio (DPR) is presently 58.82%.

Ford Motor Company 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.