Exchange Traded Concepts LLC Boosts Stock Holdings in Ford Motor (NYSE:F)

Exchange Traded Concepts LLC boosted its position in Ford Motor (NYSE:F) by 250.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,208 shares of the auto manufacturer’s stock after acquiring an additional 22,305 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Ford Motor were worth $330,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Legacy Wealth Asset Management LLC raised its holdings in shares of Ford Motor by 1.7% in the first quarter. Legacy Wealth Asset Management LLC now owns 48,916 shares of the auto manufacturer’s stock valued at $650,000 after buying an additional 836 shares during the last quarter. Insight Wealth Partners LLC lifted its holdings in Ford Motor by 1.9% in the 2nd quarter. Insight Wealth Partners LLC now owns 44,144 shares of the auto manufacturer’s stock valued at $554,000 after purchasing an additional 843 shares in the last quarter. Pallas Capital Advisors LLC lifted its stake in shares of Ford Motor by 2.9% during the second quarter. Pallas Capital Advisors LLC now owns 29,850 shares of the auto manufacturer’s stock valued at $374,000 after buying an additional 846 shares during the period. RB Capital Management LLC lifted its stake in shares of Ford Motor by 2.9% during the 1st quarter. RB Capital Management LLC now owns 30,380 shares of the auto manufacturer’s stock worth $403,000 after purchasing an additional 857 shares during the period. Finally, Freestone Capital Holdings LLC lifted its position in Ford Motor by 5.0% during the first quarter. Freestone Capital Holdings LLC now owns 18,346 shares of the auto manufacturer’s stock worth $244,000 after buying an additional 875 shares during the period. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Stock Up 0.3 %

F stock opened at $11.10 on Friday. The firm has a market cap of $44.31 billion, a PE ratio of 11.44, a P/E/G ratio of 0.77 and a beta of 1.62. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.17 and a quick ratio of 1.00. The firm has a 50 day simple moving average of $10.75 and a 200 day simple moving average of $11.77. Ford Motor has a 12 month low of $9.49 and a 12 month high of $14.85.

Ford Motor (NYSE:F) last issued 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). Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The business had revenue of $47.81 billion during the quarter, compared to analyst estimates of $47.79 billion. During the same period last year, the business earned $0.72 EPS. The business’s quarterly revenue was up 6.3% on a year-over-year basis. Equities research analysts forecast that Ford Motor will post 1.88 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 7th were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.60 dividend on an annualized basis and a yield of 5.41%. Ford Motor’s payout ratio is 61.86%.

Analyst Ratings Changes

A number of brokerages have weighed in on F. Wells Fargo & Company decreased their price target on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday, September 10th. Royal Bank of Canada cut their target price on Ford Motor from $13.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Monday, August 12th. Evercore ISI raised Ford Motor to a “hold” rating in a research report on Friday, July 26th. Morgan Stanley cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $16.00 to $12.00 in a report on Wednesday, September 25th. Finally, Barclays cut their target price on Ford Motor from $16.00 to $14.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $12.56.

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.