OneAscent Wealth Management LLC Invests $275,000 in Ford Motor (NYSE:F)

OneAscent Wealth Management LLC purchased a new position in Ford Motor (NYSE:F) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 25,999 shares of the auto manufacturer’s stock, valued at approximately $275,000.

Other institutional investors also recently added to or reduced their stakes in the company. Semus Wealth Partners LLC purchased a new stake in Ford Motor in the third quarter worth $113,000. CAP Partners LLC purchased a new stake in Ford Motor in the 3rd quarter worth about $106,000. Quest Partners LLC bought a new stake in Ford Motor in the 3rd quarter valued at about $96,000. Marathon Trading Investment Management LLC raised its stake in Ford Motor by 610.0% in the 3rd quarter. Marathon Trading Investment Management LLC now owns 12,200 shares of the auto manufacturer’s stock valued at $129,000 after acquiring an additional 14,592 shares during the period. Finally, Swiss National Bank lifted its holdings in Ford Motor by 0.7% during the third quarter. Swiss National Bank now owns 11,639,886 shares of the auto manufacturer’s stock valued at $122,917,000 after purchasing an additional 84,600 shares during the last quarter. Institutional investors own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

F has been the topic of several research reports. Morgan Stanley lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $16.00 to $12.00 in a research report on Wednesday, September 25th. StockNews.com raised shares of Ford Motor from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $10.00 price target on shares of Ford Motor in a report on Tuesday, October 29th. Barclays reduced their price target on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Finally, Evercore ISI raised Ford Motor to a “hold” rating in a report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $12.02.

Ford Motor Trading Up 2.0 %

Shares of F opened at $11.23 on Tuesday. Ford Motor has a 1-year low of $9.49 and a 1-year high of $14.85. The company has a market capitalization of $44.61 billion, a P/E ratio of 12.76, a P/E/G ratio of 2.00 and a beta of 1.62. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98. The firm’s 50 day simple moving average is $10.80 and its 200 day simple moving average is $11.49.

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

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 given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.60 annualized dividend and a dividend yield of 5.35%. Ford Motor’s dividend payout ratio (DPR) is presently 68.18%.

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.