Avior Wealth Management LLC Boosts Stake in Ford Motor (NYSE:F)

Avior Wealth Management LLC grew its stake in Ford Motor (NYSE:F) by 21.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 77,615 shares of the auto manufacturer’s stock after buying an additional 13,900 shares during the period. Avior Wealth Management LLC’s holdings in Ford Motor were worth $820,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Olistico Wealth LLC purchased a new position in shares of Ford Motor during the second quarter worth $25,000. Family Firm Inc. purchased a new position in Ford Motor in the second quarter valued at $26,000. Quarry LP purchased a new position in Ford Motor in 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 stake in shares of Ford Motor in the second quarter valued at about $30,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Down 2.9 %

Shares of NYSE:F opened at $10.73 on Thursday. The stock has a market cap of $42.62 billion, a P/E ratio of 12.19, a P/E/G ratio of 2.00 and a beta of 1.62. The firm has a fifty day moving average price of $10.82 and a 200 day moving average price of $11.48. 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 has a 1-year low of $9.49 and a 1-year high of $14.85.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $46.20 billion during the quarter, compared to the consensus estimate of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. Ford Motor’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.39 EPS. Sell-side analysts predict that Ford Motor will post 1.82 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 5.59%. Ford Motor’s payout ratio is currently 68.18%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on F. Morgan Stanley lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $16.00 to $12.00 in a research report on Wednesday, September 25th. Royal Bank of Canada restated a “sector perform” rating and set a $10.00 price target on shares of Ford Motor in a research report on Tuesday, October 29th. The Goldman Sachs Group upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and boosted their target price for the company from $12.00 to $13.00 in a report on Tuesday, October 1st. StockNews.com raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Ford Motor presently has a consensus rating of “Hold” and a consensus price target of $12.02.

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.