Bleakley Financial Group LLC Has $614,000 Stake in Ford Motor (NYSE:F)

Bleakley Financial Group LLC lowered its stake in shares of Ford Motor (NYSE:F) by 8.4% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 58,147 shares of the auto manufacturer’s stock after selling 5,346 shares during the period. Bleakley Financial Group LLC’s holdings in Ford Motor were worth $614,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Olistico Wealth LLC acquired a new position in shares of Ford Motor in the 2nd quarter valued at $25,000. Family Firm Inc. bought a new stake in Ford Motor in the second quarter valued at about $26,000. Quarry LP acquired a new position in Ford Motor in the second quarter worth about $27,000. Ridgewood Investments LLC bought a new position in Ford Motor during the second quarter worth about $28,000. Finally, Kimelman & Baird LLC acquired a new stake in Ford Motor during the second quarter valued at approximately $30,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

F has been the subject of a number of recent research reports. Wells Fargo & Company dropped their target price on Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Tuesday, September 10th. Royal Bank of Canada reduced their target price on shares of Ford Motor from $13.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Monday, August 12th. The Goldman Sachs Group upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and increased their target price for the stock from $12.00 to $13.00 in a research report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $11.00 price objective on shares of Ford Motor in a research note on Tuesday, September 10th. Finally, Evercore ISI upgraded Ford Motor to a “hold” rating in a research report on Friday, July 26th. Two 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.com, the company presently has a consensus rating of “Hold” and a consensus price target of $12.56.

Ford Motor Stock Performance

Shares of NYSE:F opened at $10.87 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. Ford Motor has a 1-year low of $9.49 and a 1-year high of $14.85. The stock has a market capitalization of $43.40 billion, a P/E ratio of 11.21, a P/E/G ratio of 0.77 and a beta of 1.62. The business has a 50-day moving average price of $10.77 and a two-hundred day moving average price of $11.74.

Ford Motor (NYSE:F) last posted its quarterly earnings results 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 return on equity of 15.28% and a net margin of 2.13%. The business had revenue of $47.81 billion for the quarter, compared to the consensus estimate of $47.79 billion. During the same period last year, the firm earned $0.72 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. Equities analysts predict that Ford Motor will post 1.88 earnings per share for the current year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 7th were given a $0.15 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $0.60 annualized dividend and a dividend yield of 5.52%. Ford Motor’s dividend payout ratio is currently 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.