Eagle Wealth Strategies LLC Invests $167,000 in Ford Motor (NYSE:F)

Eagle Wealth Strategies LLC purchased a new position in shares of Ford Motor (NYSE:F) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,677 shares of the auto manufacturer’s stock, valued at approximately $167,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in F. Charles Schwab Investment Management Inc. lifted its stake in Ford Motor by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 87,391,788 shares of the auto manufacturer’s stock valued at $1,085,406,000 after buying an additional 2,657,650 shares during the period. Northern Trust Corp lifted its stake in Ford Motor by 3.8% in the third quarter. Northern Trust Corp now owns 38,108,825 shares of the auto manufacturer’s stock valued at $473,312,000 after buying an additional 1,392,408 shares during the period. LSV Asset Management lifted its stake in Ford Motor by 3.9% in the third quarter. LSV Asset Management now owns 20,238,211 shares of the auto manufacturer’s stock valued at $251,359,000 after buying an additional 751,500 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in Ford Motor by 21.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 12,352,718 shares of the auto manufacturer’s stock valued at $153,421,000 after buying an additional 2,190,915 shares during the period. Finally, California Public Employees Retirement System lifted its stake in Ford Motor by 2.0% in the third quarter. California Public Employees Retirement System now owns 7,482,678 shares of the auto manufacturer’s stock valued at $92,935,000 after buying an additional 150,117 shares during the period. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Trading Down 0.4 %

NYSE F opened at $12.74 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 1.17 and a debt-to-equity ratio of 2.32. Ford Motor has a twelve month low of $9.63 and a twelve month high of $15.42. The firm has a market capitalization of $50.62 billion, a PE ratio of 13.13, a P/E/G ratio of 0.86 and a beta of 1.63. The stock’s 50 day moving average is $12.63 and its 200 day moving average is $11.79.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 EPS for the quarter, topping the consensus estimate of $0.42 by $0.07. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The business had revenue of $42.78 billion for the quarter, compared to the consensus estimate of $42.93 billion. During the same period in the previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. Research analysts forecast that Ford Motor will post 1.94 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 8th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.71%. The ex-dividend date of this dividend is Tuesday, May 7th. Ford Motor’s dividend payout ratio is currently 61.86%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Royal Bank of Canada boosted their price target on Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a research note on Thursday, April 25th. UBS Group boosted their price objective on Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Redburn Atlantic assumed coverage on Ford Motor in a report on Wednesday, January 24th. They set a “sell” rating and a $10.00 price objective for the company. Citigroup boosted their price objective on Ford Motor from $15.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Finally, Barclays boosted their price objective on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ford Motor presently has an average rating of “Hold” and a consensus price target of $14.02.

Insider Transactions at Ford Motor

In other news, CAO Mark Kosman sold 26,898 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total value of $337,031.94. Following the completion of the transaction, the chief accounting officer now owns 7,102 shares in the company, valued at $88,988.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.40% of the company’s stock.

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.