Bensler LLC reduced its stake in Ford Motor (NYSE:F – Free Report) by 8.3% in the 3rd quarter, Holdings Channel reports. The firm owned 26,117 shares of the auto manufacturer’s stock after selling 2,369 shares during the period. Bensler LLC’s holdings in Ford Motor were worth $276,000 as of its most recent filing with the SEC.
A number of other large investors have also recently added to or reduced their stakes in the stock. Insight Wealth Partners LLC grew its position in shares of Ford Motor by 1.9% in the second quarter. Insight Wealth Partners LLC now owns 44,144 shares of the auto manufacturer’s stock valued at $554,000 after purchasing an additional 843 shares during the last quarter. Pallas Capital Advisors LLC boosted its stake in Ford Motor by 2.9% during the 2nd quarter. Pallas Capital Advisors LLC now owns 29,850 shares of the auto manufacturer’s stock valued at $374,000 after purchasing an additional 846 shares during the period. RB Capital Management LLC grew its holdings in Ford Motor by 2.9% in the 1st quarter. RB Capital Management LLC now owns 30,380 shares of the auto manufacturer’s stock valued at $403,000 after buying an additional 857 shares during the last quarter. Freestone Capital Holdings LLC increased its position in Ford Motor by 5.0% in the 1st quarter. Freestone Capital Holdings LLC now owns 18,346 shares of the auto manufacturer’s stock worth $244,000 after buying an additional 875 shares during the period. Finally, Hilltop National Bank lifted its holdings in shares of Ford Motor by 7.1% during the second quarter. Hilltop National Bank now owns 14,159 shares of the auto manufacturer’s stock worth $178,000 after buying an additional 944 shares during the last quarter. Institutional investors own 58.74% of the company’s stock.
Ford Motor Stock Performance
Ford Motor stock opened at $10.95 on Friday. The firm has a market capitalization of $43.53 billion, a P/E ratio of 12.44, a P/E/G ratio of 1.88 and a beta of 1.62. The stock has a fifty day moving average price of $10.77 and a two-hundred day moving average price of $11.59. 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 2.34, a current ratio of 1.15 and a quick ratio of 0.98.
Ford Motor Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.48%. The ex-dividend date is Thursday, November 7th. Ford Motor’s payout ratio is 68.18%.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on F. Morgan Stanley downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $16.00 to $12.00 in a research note on Wednesday, September 25th. Wells Fargo & Company cut their price objective 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. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $12.00 to $13.00 in a research report on Tuesday, October 1st. Royal Bank of Canada restated a “sector perform” rating and set a $10.00 price target on shares of Ford Motor in a research note on Tuesday, October 29th. Finally, Sanford C. Bernstein downgraded Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective for the company. in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $12.02.
Get Our Latest Stock Analysis on Ford Motor
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.
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