Emerson Wealth Management LLC Takes Position in Ford Motor (F)

Emerson Wealth Management LLC purchased a new stake in Ford Motor (NYSE:F) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 385,133 shares of the auto manufacturer’s stock, valued at approximately $2,946,000. Ford Motor accounts for approximately 2.8% of Emerson Wealth Management LLC’s portfolio, making the stock its 7th largest position.

Other large investors have also recently made changes to their positions in the company. Howe & Rusling Inc. raised its holdings in Ford Motor by 173.0% during the 4th quarter. Howe & Rusling Inc. now owns 3,631 shares of the auto manufacturer’s stock worth $28,000 after buying an additional 2,301 shares during the period. Lavaca Capital LLC acquired a new stake in Ford Motor during the 4th quarter worth approximately $32,000. Ipswich Investment Management Co. Inc. bought a new position in shares of Ford Motor during the 4th quarter worth approximately $37,000. First Mercantile Trust Co. bought a new position in shares of Ford Motor during the 4th quarter worth approximately $39,000. Finally, Nelson Roberts Investment Advisors LLC bought a new position in shares of Ford Motor during the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 54.13% of the company’s stock.

F opened at $8.39 on Monday. Ford Motor has a fifty-two week low of $7.41 and a fifty-two week high of $12.15. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.19 and a quick ratio of 1.07. The firm has a market cap of $33.34 billion, a PE ratio of 6.45, a PEG ratio of 0.77 and a beta of 1.04.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, January 23rd. The auto manufacturer reported $0.30 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.30. Ford Motor had a return on equity of 14.38% and a net margin of 2.29%. The company had revenue of $38.70 billion during the quarter, compared to the consensus estimate of $36.83 billion. During the same quarter last year, the firm earned $0.39 earnings per share. The company’s revenue was up .5% on a year-over-year basis. On average, sell-side analysts predict that Ford Motor will post 1.2 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Thursday, January 31st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.15%. The ex-dividend date of this dividend is Wednesday, January 30th. Ford Motor’s dividend payout ratio is currently 46.15%.

Several equities analysts have recently weighed in on F shares. Berenberg Bank reaffirmed a “sell” rating and set a $6.00 price target on shares of Ford Motor in a research note on Friday, November 9th. Morgan Stanley cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $14.00 to $10.00 in a research note on Friday, October 19th. ValuEngine cut shares of Ford Motor from a “hold” rating to a “sell” rating in a research note on Wednesday, January 2nd. Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and raised their price target for the stock from $9.00 to $12.00 in a research note on Monday, October 29th. Finally, Barclays set a $9.00 price target on shares of Ford Motor and gave the stock a “hold” rating in a research note on Friday, January 4th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. Ford Motor presently has a consensus rating of “Hold” and a consensus target price of $10.50.

TRADEMARK VIOLATION WARNING: “Emerson Wealth Management LLC Takes Position in Ford Motor (F)” was originally posted by Markets Daily and is the sole property of of Markets Daily. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be viewed at https://www.themarketsdaily.com/2019/02/11/emerson-wealth-management-llc-takes-position-in-ford-motor-f.html.

Ford Motor Company Profile

Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles; and Lincoln luxury vehicles worldwide. Its Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental car companies, and governments.

Featured Story: Outstanding Shares

Institutional Ownership by Quarter for Ford Motor (NYSE:F)

Receive News & Ratings for Ford Motor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ford Motor and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply