Eads & Heald Wealth Management Buys New Shares in Ford Motor (NYSE:F)

Eads & Heald Wealth Management purchased a new position in shares of Ford Motor (NYSE:F) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,630 shares of the auto manufacturer’s stock, valued at approximately $123,000.

Several other large investors have also added to or reduced their stakes in F. Olistico Wealth LLC acquired a new stake in Ford Motor during the second quarter worth about $25,000. Family Firm Inc. purchased a new stake in Ford Motor in the 2nd quarter worth approximately $26,000. Quarry LP acquired a new stake in shares of Ford Motor during the 2nd quarter worth approximately $27,000. Ridgewood Investments LLC acquired a new stake in shares of Ford Motor during the 2nd quarter worth approximately $28,000. Finally, Kimelman & Baird LLC purchased a new position in shares of Ford Motor during the 2nd quarter valued at approximately $30,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Wolfe Research started coverage on shares of Ford Motor in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. Morgan Stanley cut 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 reaffirmed a “sector perform” rating and issued a $10.00 price target on shares of Ford Motor in a report on Tuesday, October 29th. Wells Fargo & Company decreased their target price on Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 10th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a report on Wednesday. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $12.41.

Ford Motor Stock Performance

NYSE:F opened at $10.22 on Friday. The company has a market cap of $40.63 billion, a P/E ratio of 11.61, a P/E/G ratio of 1.87 and a beta of 1.62. Ford Motor has a twelve month low of $9.49 and a twelve month high of $14.85. The company’s 50-day moving average price is $10.80 and its 200-day moving average price is $11.62. The company has a current ratio of 1.15, a quick ratio of 1.00 and a debt-to-equity ratio of 2.34.

Ford Motor (NYSE:F) last released its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $46.20 billion for the quarter, compared to analyst estimates of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the company posted $0.39 EPS. On average, sell-side analysts forecast that Ford Motor will post 1.82 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, December 2nd. Shareholders of record on Thursday, November 7th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.87%. The ex-dividend date of this dividend is Thursday, November 7th. Ford Motor’s dividend payout ratio (DPR) is currently 68.18%.

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.