AdvisorNet Financial Inc Cuts Stock Position in Ford Motor (NYSE:F)

AdvisorNet Financial Inc reduced its stake in Ford Motor (NYSE:F) by 34.7% during the 4th quarter, Holdings Channel reports. The fund owned 9,272 shares of the auto manufacturer’s stock after selling 4,936 shares during the quarter. AdvisorNet Financial Inc’s holdings in Ford Motor were worth $92,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Quarry LP purchased a new stake in Ford Motor during the 2nd quarter worth about $27,000. Kimelman & Baird LLC acquired a new stake in shares of Ford Motor during the 2nd quarter worth about $30,000. Reston Wealth Management LLC purchased a new stake in Ford Motor during the third quarter worth approximately $33,000. Access Investment Management LLC acquired a new position in Ford Motor in the third quarter valued at approximately $34,000. Finally, Modus Advisors LLC acquired a new position in Ford Motor in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Trading Up 1.6 %

Shares of F stock opened at $10.17 on Friday. Ford Motor has a twelve month low of $9.49 and a twelve month high of $14.85. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. The business’s 50 day moving average is $10.40 and its two-hundred day moving average is $10.96. The company has a market capitalization of $40.43 billion, a P/E ratio of 11.56, a price-to-earnings-growth ratio of 1.86 and a beta of 1.64.

Ford Motor (NYSE:F) last announced 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. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The company had revenue of $46.20 billion for the quarter, compared to analysts’ expectations of $45.13 billion. During the same period in the previous year, the company posted $0.39 EPS. Ford Motor’s revenue was up 5.5% compared to the same quarter last year. Equities analysts forecast that Ford Motor will post 1.77 EPS for the current year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 7th were given a $0.15 dividend. The ex-dividend date was Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 5.90%. Ford Motor’s payout ratio is currently 68.18%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on F. Jefferies Financial Group downgraded shares of Ford Motor from a “hold” rating to an “underperform” rating and reduced their price objective for the stock from $12.00 to $9.00 in a research report on Monday, December 16th. Sanford C. Bernstein downgraded shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective for the company. in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft cut their target price on Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Wednesday, October 30th. Wolfe Research reissued an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Finally, The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $12.00 to $13.00 in a research report on Tuesday, October 1st. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $11.83.

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.