Delta Financial Group Inc. Acquires New Stake in Ford Motor (NYSE:F)

Delta Financial Group Inc. bought a new position in Ford Motor (NYSE:F) in the fourth quarter, Holdings Channel reports. The firm bought 12,600 shares of the auto manufacturer’s stock, valued at approximately $125,000.

Several other hedge funds have also recently made changes to their positions in F. International Assets Investment Management LLC boosted its holdings in Ford Motor by 1,215.6% in the 3rd quarter. International Assets Investment Management LLC now owns 2,693,585 shares of the auto manufacturer’s stock worth $28,444,000 after buying an additional 2,488,850 shares during the period. Legacy Wealth Asset Management LLC boosted its holdings in shares of Ford Motor by 3.1% in the third quarter. Legacy Wealth Asset Management LLC now owns 51,306 shares of the auto manufacturer’s stock worth $542,000 after acquiring an additional 1,544 shares during the period. Forsta AP Fonden grew its position in shares of Ford Motor by 13.6% in the third quarter. Forsta AP Fonden now owns 917,700 shares of the auto manufacturer’s stock valued at $9,691,000 after purchasing an additional 109,700 shares in the last quarter. Clear Harbor Asset Management LLC bought a new stake in shares of Ford Motor during the 3rd quarter valued at $218,000. Finally, Carret Asset Management LLC lifted its holdings in Ford Motor by 4.0% during the 3rd quarter. Carret Asset Management LLC now owns 42,753 shares of the auto manufacturer’s stock worth $451,000 after purchasing an additional 1,654 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Stock Down 1.1 %

Shares of F opened at $9.29 on Monday. Ford Motor has a 1 year low of $9.10 and a 1 year high of $14.85. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02. The stock has a 50 day simple moving average of $9.81 and a two-hundred day simple moving average of $10.44. The firm has a market cap of $36.80 billion, a P/E ratio of 6.36, a P/E/G ratio of 0.61 and a beta of 1.63.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. On average, analysts forecast that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.60 annualized dividend and a dividend yield of 6.46%. Ford Motor’s dividend payout ratio is currently 41.10%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Jefferies Financial Group lowered Ford Motor from a “hold” rating to an “underperform” rating and reduced their target price for the company from $12.00 to $9.00 in a report on Monday, December 16th. Wells Fargo & Company decreased their target price on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft lowered their target price 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. Royal Bank of Canada reduced their price target on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating for the company in a research report on Thursday, February 6th. Finally, JPMorgan Chase & Co. lowered their price objective on Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Three equities 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 company. According to MarketBeat.com, Ford Motor has an average rating of “Hold” and an average price target of $11.89.

Ford Motor Company 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.