Brookstone Capital Management Reduces Stock Position in Ford Motor (NYSE:F)

Brookstone Capital Management reduced its position in shares of Ford Motor (NYSE:FGet Rating) by 6.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,497 shares of the auto manufacturer’s stock after selling 3,934 shares during the period. Brookstone Capital Management’s holdings in Ford Motor were worth $691,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of F. Snider Financial Group lifted its holdings in Ford Motor by 100,345.2% in the first quarter. Snider Financial Group now owns 219,805,167 shares of the auto manufacturer’s stock worth $3,717,000 after buying an additional 219,586,336 shares during the period. Norges Bank purchased a new stake in Ford Motor in the fourth quarter worth about $780,129,000. Vanguard Group Inc. lifted its holdings in Ford Motor by 8.9% in the first quarter. Vanguard Group Inc. now owns 325,338,615 shares of the auto manufacturer’s stock worth $5,501,475,000 after buying an additional 26,707,784 shares during the period. Capital Research Global Investors purchased a new stake in Ford Motor in the fourth quarter worth about $108,211,000. Finally, Nuveen Asset Management LLC lifted its holdings in Ford Motor by 36.3% in the fourth quarter. Nuveen Asset Management LLC now owns 16,429,261 shares of the auto manufacturer’s stock worth $341,236,000 after buying an additional 4,377,787 shares during the period. 49.89% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on F. Nomura raised shares of Ford Motor from a “reduce” rating to a “neutral” rating and set a $12.40 target price for the company in a research note on Thursday, July 21st. Bank of America decreased their target price on shares of Ford Motor from $32.00 to $28.00 and set a “buy” rating for the company in a research note on Friday, September 9th. TheStreet raised shares of Ford Motor from a “c” rating to a “b-” rating in a research note on Wednesday, July 27th. Morgan Stanley raised their target price on shares of Ford Motor from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 2nd. Finally, Citigroup decreased their target price on shares of Ford Motor from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, August 2nd. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Ford Motor currently has a consensus rating of “Hold” and an average target price of $18.28.

Ford Motor Trading Down 2.1 %

Shares of F stock opened at $12.77 on Friday. Ford Motor has a 12-month low of $10.61 and a 12-month high of $25.87. The company has a current ratio of 1.16, a quick ratio of 1.00 and a debt-to-equity ratio of 1.92. The firm’s 50 day moving average is $14.74 and its 200 day moving average is $14.28. The stock has a market capitalization of $51.34 billion, a P/E ratio of 4.47, a P/E/G ratio of 0.75 and a beta of 1.29.

Ford Motor (NYSE:FGet Rating) last issued its earnings results on Wednesday, July 27th. The auto manufacturer reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.24. Ford Motor had a net margin of 7.86% and a return on equity of 16.91%. The company had revenue of $37.91 billion for the quarter, compared to analysts’ expectations of $35.17 billion. During the same quarter last year, the company posted $0.13 earnings per share. The firm’s quarterly revenue was up 57.1% on a year-over-year basis. Research analysts expect that Ford Motor will post 2.09 earnings per share for the current year.

Ford Motor Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Thursday, August 11th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.70%. The ex-dividend date of this dividend was Wednesday, August 10th. This is a boost from Ford Motor’s previous quarterly dividend of $0.10. Ford Motor’s dividend payout ratio (DPR) is currently 20.98%.

Ford Motor Profile

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Ford Motor Company designs, manufactures, markets, and services a range of Ford trucks, cars, sport utility vehicles, electrified vehicles, and Lincoln luxury vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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