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.
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.
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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.
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