JFS Wealth Advisors LLC Sells 1,928 Shares of Ford Motor (NYSE:F)

JFS Wealth Advisors LLC cut its holdings in Ford Motor (NYSE:F) by 2.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,770 shares of the auto manufacturer’s stock after selling 1,928 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Ford Motor were worth $705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Highline Wealth Partners LLC purchased a new position in Ford Motor during the 3rd quarter valued at $493,000. Avitas Wealth Management LLC boosted its stake in shares of Ford Motor by 1.4% during the 3rd quarter. Avitas Wealth Management LLC now owns 119,290 shares of the auto manufacturer’s stock valued at $1,260,000 after purchasing an additional 1,612 shares in the last quarter. Childress Capital Advisors LLC boosted its stake in shares of Ford Motor by 29.4% during the 3rd quarter. Childress Capital Advisors LLC now owns 54,596 shares of the auto manufacturer’s stock valued at $577,000 after purchasing an additional 12,389 shares in the last quarter. Fidelis Capital Partners LLC increased its position in shares of Ford Motor by 13.2% during the third quarter. Fidelis Capital Partners LLC now owns 12,622 shares of the auto manufacturer’s stock valued at $140,000 after buying an additional 1,473 shares during the period. Finally, PBMares Wealth Management LLC raised its stake in Ford Motor by 9.0% in the third quarter. PBMares Wealth Management LLC now owns 11,976 shares of the auto manufacturer’s stock worth $126,000 after buying an additional 991 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Trading Down 1.8 %

Shares of NYSE F opened at $10.29 on Friday. The firm’s 50 day moving average price is $10.82 and its 200-day moving average price is $11.63. Ford Motor has a 52-week low of $9.49 and a 52-week high of $14.85. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.00 and a current ratio of 1.17. The company has a market cap of $40.89 billion, a PE ratio of 11.69, a P/E/G ratio of 1.58 and a beta of 1.62.

Ford Motor (NYSE:F) last released its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. The business had revenue of $46.20 billion for the quarter, compared to analysts’ expectations of $45.13 billion. Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.39 EPS. On average, equities research analysts expect that Ford Motor will post 1.86 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 7th will be issued a $0.15 dividend. The ex-dividend date is Thursday, November 7th. This represents a $0.60 annualized dividend and a yield of 5.83%. Ford Motor’s payout ratio is 68.18%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on F shares. Wells Fargo & Company reduced their target price on Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday, September 10th. Evercore ISI raised Ford Motor to a “hold” rating in a research note on Friday, July 26th. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and raised their price objective for the company from $12.00 to $13.00 in a research report on Tuesday, October 1st. Wolfe Research assumed coverage on shares of Ford Motor in a research report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Ford Motor presently has an average rating of “Hold” and a consensus price target of $12.41.

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.