Ford Motor Company $F Position Boosted by Kestra Advisory Services LLC

Kestra Advisory Services LLC grew its position in Ford Motor Company (NYSE:F) by 13.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 678,801 shares of the auto manufacturer’s stock after acquiring an additional 78,300 shares during the period. Kestra Advisory Services LLC’s holdings in Ford Motor were worth $8,186,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of Ford Motor during the 2nd quarter valued at approximately $4,649,131,000. State Street Corp raised its holdings in shares of Ford Motor by 0.8% during the second quarter. State Street Corp now owns 194,039,770 shares of the auto manufacturer’s stock valued at $2,697,153,000 after acquiring an additional 1,492,186 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Ford Motor by 318.0% in the second quarter. Bank of America Corp DE now owns 72,424,686 shares of the auto manufacturer’s stock worth $1,006,703,000 after acquiring an additional 55,100,244 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Ford Motor in the second quarter worth approximately $717,218,000. Finally, Dimensional Fund Advisors LP raised its stake in Ford Motor by 3.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 47,442,901 shares of the auto manufacturer’s stock valued at $547,379,000 after purchasing an additional 1,585,557 shares during the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

F has been the subject of a number of recent research reports. Morgan Stanley reduced their target price on shares of Ford Motor from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Thursday, October 29th. UBS Group lowered their price objective on Ford Motor from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, October 7th. Zacks Research cut shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. JPMorgan Chase & Co. dropped their price target on shares of Ford Motor from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, October 12th. Finally, The Goldman Sachs Group decreased their price objective on Ford Motor from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Thursday, October 29th. Seven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Ford Motor currently has an average rating of “Hold” and a consensus price target of $15.02.

Ford Motor Stock Down 2.1%

Shares of NYSE:F opened at $12.26 on Wednesday. The firm’s 50-day moving average is $12.68 and its two-hundred day moving average is $13.32. The company has a debt-to-equity ratio of 2.97, a current ratio of 1.08 and a quick ratio of 0.94. Ford Motor Company has a 1 year low of $11.11 and a 1 year high of $17.78. The firm has a market capitalization of $48.94 billion, a PE ratio of 7.36, a price-to-earnings-growth ratio of 0.24 and a beta of 1.88.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.08. The firm had revenue of $49.53 billion during the quarter, compared to analysts’ expectations of $49.08 billion. Ford Motor had a negative net margin of 4.17% and a positive return on equity of 18.89%. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 earnings per share. Analysts predict that Ford Motor Company will post 1.90 EPS for the current year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, November 10th will be paid a $0.15 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $0.60 annualized dividend and a dividend yield of 4.9%. Ford Motor’s payout ratio is -30.46%.

Ford Motor Company Profile

Ford Motor Company designs, manufactures, markets and services vehicles under the Ford and Lincoln brands. Its lineup includes cars, trucks, sport utility vehicles and commercial vehicles, as well as battery-electric and hybrid models. The company also provides vehicle-related services and financing through Ford Credit. Ford serves customers in North America and markets around the world, including Europe, South America and the Asia-Pacific region. Its operations include vehicle development and manufacturing, sales and after-sales support, and services for commercial fleet customers.