Ford Motor (NYSE:F) is Drexel Morgan & Co.’s 8th Largest Position

Drexel Morgan & Co. grew its holdings in Ford Motor (NYSE:F) by 31.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,100,000 shares of the auto manufacturer’s stock after acquiring an additional 500,000 shares during the period. Ford Motor comprises 4.1% of Drexel Morgan & Co.’s holdings, making the stock its 8th biggest position. Drexel Morgan & Co. owned about 0.05% of Ford Motor worth $22,176,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Olistico Wealth LLC acquired a new position in Ford Motor in the second quarter valued at approximately $25,000. Family Firm Inc. purchased a new stake in Ford Motor during the second quarter worth $26,000. Quarry LP acquired a new stake in Ford Motor during the second quarter valued at $27,000. Ridgewood Investments LLC purchased a new position in Ford Motor in the second quarter valued at $28,000. Finally, Kimelman & Baird LLC acquired a new position in shares of Ford Motor in the second quarter worth about $30,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft dropped their target price on Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Wednesday. Wolfe Research assumed coverage on Ford Motor in a research report on Thursday, September 5th. They issued a “peer perform” rating for the company. Morgan Stanley lowered Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $16.00 to $12.00 in a research report on Wednesday, September 25th. Barclays reduced their price objective on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Wells Fargo & Company cut 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 note on Tuesday, September 10th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.41.

Ford Motor Price Performance

Ford Motor stock opened at $10.29 on Friday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.00 and a current ratio of 1.15. The company has a market capitalization of $40.89 billion, a price-to-earnings ratio of 11.69, a price-to-earnings-growth ratio of 1.90 and a beta of 1.62. The company’s 50 day simple moving average is $10.82 and its 200-day simple moving average is $11.63. Ford Motor has a 1 year low of $9.49 and a 1 year high of $14.85.

Ford Motor (NYSE:F) last released its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The company had revenue of $46.20 billion for the quarter, compared to analysts’ expectations of $45.13 billion. During the same period in the prior year, the firm earned $0.39 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts expect that Ford Motor will post 1.82 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 5.83%. Ford Motor’s dividend payout ratio (DPR) is presently 68.18%.

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.