Apella Capital LLC Makes New Investment in Ford Motor (NYSE:F)

Apella Capital LLC bought a new stake in Ford Motor (NYSE:F) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 27,059 shares of the auto manufacturer’s stock, valued at approximately $284,000.

Several other hedge funds have also modified their holdings of the stock. Campbell & CO Investment Adviser LLC boosted its position in Ford Motor by 44.9% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 45,838 shares of the auto manufacturer’s stock valued at $559,000 after buying an additional 14,198 shares during the last quarter. Rafferty Asset Management LLC boosted its holdings in Ford Motor by 3.2% in the fourth quarter. Rafferty Asset Management LLC now owns 364,911 shares of the auto manufacturer’s stock valued at $4,448,000 after purchasing an additional 11,469 shares during the last quarter. Belpointe Asset Management LLC grew its stake in Ford Motor by 23.9% during the 4th quarter. Belpointe Asset Management LLC now owns 35,038 shares of the auto manufacturer’s stock valued at $427,000 after purchasing an additional 6,763 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in shares of Ford Motor by 1.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 90,990 shares of the auto manufacturer’s stock valued at $1,109,000 after purchasing an additional 930 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its stake in shares of Ford Motor by 216.0% during the 4th quarter. 1832 Asset Management L.P. now owns 3,584 shares of the auto manufacturer’s stock valued at $44,000 after buying an additional 2,450 shares during the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on F shares. Barclays cut their price target on shares of Ford Motor from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Evercore ISI raised shares of Ford Motor to a “hold” rating in a research report on Friday, July 26th. StockNews.com upgraded Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Morgan Stanley cut Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $16.00 to $12.00 in a research note on Wednesday, September 25th. Finally, Wells Fargo & Company decreased their target price on Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Tuesday, September 10th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $12.72.

Ford Motor Stock Performance

Shares of F traded up $0.12 during midday trading on Friday, hitting $10.57. 45,967,802 shares of the stock traded hands, compared to its average volume of 53,944,707. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.00 and a current ratio of 1.17. Ford Motor has a 1-year low of $9.49 and a 1-year high of $14.85. The business’s 50 day moving average price is $10.64 and its two-hundred day moving average price is $11.93. The firm has a market capitalization of $42.20 billion, a PE ratio of 10.89, a price-to-earnings-growth ratio of 0.79 and a beta of 1.62.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.21). The firm had revenue of $47.81 billion during the quarter, compared to the consensus estimate of $47.79 billion. Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. Ford Motor’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the company posted $0.72 EPS. Equities research analysts predict that Ford Motor will post 1.88 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 7th were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, August 7th. This represents a $0.60 dividend on an annualized basis and a yield of 5.68%. Ford Motor’s dividend payout ratio (DPR) is presently 61.86%.

Ford Motor 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.