Creative Planning Sells 66,971 Shares of Ford Motor (NYSE:F)

Creative Planning reduced its position in Ford Motor (NYSE:F) by 3.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,874,002 shares of the auto manufacturer’s stock after selling 66,971 shares during the quarter. Creative Planning’s holdings in Ford Motor were worth $19,789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Olistico Wealth LLC bought a new position in shares of Ford Motor during the second quarter worth $25,000. Family Firm Inc. bought a new position in shares of Ford Motor during the second quarter worth $26,000. Quarry LP bought a new position in shares of Ford Motor during the second quarter worth $27,000. Ridgewood Investments LLC bought a new position in shares of Ford Motor during the second quarter worth $28,000. Finally, Kimelman & Baird LLC bought a new position in shares of Ford Motor during the second quarter worth $30,000. 58.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on F shares. Wells Fargo & Company dropped their target price on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Tuesday, September 10th. Evercore ISI raised shares of Ford Motor to a “hold” rating in a research note on Friday, July 26th. StockNews.com raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Wolfe Research started coverage on shares of Ford Motor in a research note on Thursday, September 5th. They set a “peer perform” rating on the stock. Finally, Morgan Stanley downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $16.00 to $12.00 in a research note on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $12.56.

Ford Motor Price Performance

Ford Motor stock opened at $10.87 on Tuesday. The firm has a 50-day moving average price of $10.77 and a 200-day moving average price of $11.74. The firm has a market capitalization of $43.40 billion, a PE ratio of 11.21, a price-to-earnings-growth ratio of 0.77 and a beta of 1.62. The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 2.30. Ford Motor has a 12-month low of $9.49 and a 12-month high of $14.85.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The company had revenue of $47.81 billion for the quarter, compared to the consensus estimate of $47.79 billion. During the same quarter in the previous year, the business earned $0.72 EPS. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, equities research analysts forecast that Ford Motor will post 1.88 EPS for the current year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Wednesday, August 7th were issued a dividend of $0.15 per share. 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 5.52%. Ford Motor’s payout ratio is 61.86%.

Ford Motor Company 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.