Summit Trail Advisors LLC Has $898,000 Stake in Ford Motor (NYSE:F)

Summit Trail Advisors LLC raised its stake in Ford Motor (NYSE:F) by 204.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 71,635 shares of the auto manufacturer’s stock after acquiring an additional 48,138 shares during the period. Summit Trail Advisors LLC’s holdings in Ford Motor were worth $898,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Canada Pension Plan Investment Board grew its stake in Ford Motor by 4.1% during the second quarter. Canada Pension Plan Investment Board now owns 1,372,643 shares of the auto manufacturer’s stock worth $17,213,000 after buying an additional 53,831 shares during the last quarter. Retirement Investment Advisors Inc. acquired a new position in shares of Ford Motor in the 2nd quarter worth approximately $251,000. Ieq Capital LLC grew its position in Ford Motor by 9.3% during the 2nd quarter. Ieq Capital LLC now owns 152,227 shares of the auto manufacturer’s stock worth $1,909,000 after acquiring an additional 12,897 shares during the last quarter. Brighton Jones LLC increased its holdings in Ford Motor by 4.5% during the 2nd quarter. Brighton Jones LLC now owns 26,856 shares of the auto manufacturer’s stock valued at $337,000 after purchasing an additional 1,145 shares in the last quarter. Finally, Intech Investment Management LLC raised its position in Ford Motor by 46.7% in the 2nd quarter. Intech Investment Management LLC now owns 1,248,095 shares of the auto manufacturer’s stock valued at $15,651,000 after purchasing an additional 397,427 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on F shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $11.00 target price on shares of Ford Motor in a research note on Tuesday, September 10th. Morgan Stanley reaffirmed an “overweight” rating and issued a $16.00 target price on shares of Ford Motor in a research note on Thursday, September 12th. Barclays reduced their target price on shares of Ford Motor from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Royal Bank of Canada lowered their price target on shares of Ford Motor from $13.00 to $10.00 and set a “sector perform” rating for the company in a report on Monday, August 12th. Finally, Wells Fargo & Company reduced their price objective on Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday, September 10th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Ford Motor presently has an average rating of “Hold” and a consensus price target of $12.95.

Ford Motor Stock Down 0.4 %

Shares of Ford Motor stock opened at $10.88 on Monday. Ford Motor has a 12 month low of $9.49 and a 12 month high of $14.85. The business has a fifty day simple moving average of $11.23 and a 200 day simple moving average of $12.03. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 2.30. The stock has a market cap of $43.44 billion, a PE ratio of 11.22, a price-to-earnings-growth ratio of 0.76 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.21). The company had revenue of $47.81 billion for the quarter, compared to analyst estimates of $47.79 billion. Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. Ford Motor’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.72 earnings per share. Research analysts predict that Ford Motor will post 1.88 EPS for the current year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 7th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.51%. The ex-dividend date of this dividend was Wednesday, August 7th. Ford Motor’s payout ratio is presently 61.86%.

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.