Smith Anglin Financial LLC Makes New Investment in Ford Motor (NYSE:F)

Smith Anglin Financial LLC acquired a new stake in shares of Ford Motor (NYSE:F) during the third quarter, according to its most recent filing with the SEC. The fund acquired 24,851 shares of the auto manufacturer’s stock, valued at approximately $262,000.

A number of other institutional investors have also added to or reduced their stakes in F. Price T Rowe Associates Inc. MD increased its position in shares of Ford Motor by 1.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,349,276 shares of the auto manufacturer’s stock worth $71,039,000 after purchasing an additional 59,082 shares during the last quarter. Wedmont Private Capital raised its position in shares of Ford Motor by 33.1% during the 1st quarter. Wedmont Private Capital now owns 17,124 shares of the auto manufacturer’s stock valued at $232,000 after buying an additional 4,255 shares in the last quarter. Hodges Capital Management Inc. grew its position in Ford Motor by 18.3% in the first quarter. Hodges Capital Management Inc. now owns 95,500 shares of the auto manufacturer’s stock worth $1,268,000 after acquiring an additional 14,750 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Ford Motor by 9.6% in the 1st quarter. Park Avenue Securities LLC now owns 155,951 shares of the auto manufacturer’s stock worth $2,071,000 after purchasing an additional 13,597 shares in the last quarter. Finally, Fairman Group LLC purchased a new position in shares of Ford Motor during the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on F. Barclays reduced their price target 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. Evercore ISI upgraded shares of Ford Motor to a “hold” rating in a report on Friday, July 26th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $11.00 price target on shares of Ford Motor in a report on Tuesday, September 10th. Royal Bank of Canada decreased their price objective on shares of 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. Finally, Wolfe Research started coverage on shares of Ford Motor in a report on Thursday, September 5th. They set a “peer perform” rating for the company. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $12.72.

Ford Motor Price Performance

F opened at $10.49 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 2.30. The company has a market cap of $41.88 billion, a price-to-earnings ratio of 10.81, a price-to-earnings-growth ratio of 0.79 and a beta of 1.62. The stock has a fifty day simple moving average of $10.64 and a two-hundred day simple moving average of $11.92. Ford Motor has a 12-month low of $9.49 and a 12-month high of $14.85.

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

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Wednesday, August 7th were issued a $0.15 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $0.60 annualized dividend and a yield of 5.72%. Ford Motor’s payout ratio is 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.