Old North State Wealth Management LLC Sells 19,020 Shares of Ford Motor (NYSE:F)

Old North State Wealth Management LLC lowered its holdings in Ford Motor (NYSE:F) by 3.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 533,454 shares of the auto manufacturer’s stock after selling 19,020 shares during the period. Ford Motor comprises 3.2% of Old North State Wealth Management LLC’s holdings, making the stock its 7th biggest holding. Old North State Wealth Management LLC’s holdings in Ford Motor were worth $5,634,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Olistico Wealth LLC purchased a new position in shares of Ford Motor in the second quarter worth approximately $25,000. Family Firm Inc. purchased a new position in shares of Ford Motor in the second quarter worth approximately $26,000. Quarry LP purchased a new position in shares of Ford Motor in the second quarter worth approximately $27,000. Ridgewood Investments LLC acquired a new stake in shares of Ford Motor during the second quarter worth approximately $28,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of Ford Motor during the second quarter worth approximately $30,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on F shares. Morgan Stanley cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $16.00 to $12.00 in a report on Wednesday, September 25th. Wells Fargo & Company decreased their price target on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Tuesday, September 10th. The Goldman Sachs Group upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and raised their price target for the stock from $12.00 to $13.00 in a report on Tuesday, October 1st. Royal Bank of Canada restated a “sector perform” rating and set a $10.00 price target on shares of Ford Motor in a report on Tuesday, October 29th. Finally, Barclays reduced their target price on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Ford Motor currently has a consensus rating of “Hold” and a consensus price target of $12.41.

Ford Motor Trading Down 0.7 %

NYSE:F opened at $10.22 on Monday. Ford Motor has a 12 month low of $9.49 and a 12 month high of $14.85. The firm has a market cap of $40.63 billion, a price-to-earnings ratio of 11.61, a P/E/G ratio of 1.87 and a beta of 1.62. The company has a quick ratio of 1.00, a current ratio of 1.15 and a debt-to-equity ratio of 2.34. The company’s 50 day moving average is $10.80 and its 200-day moving average is $11.61.

Ford Motor (NYSE:F) last released its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $45.13 billion. During the same quarter last year, the firm posted $0.39 earnings per share. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities analysts anticipate that Ford Motor will post 1.82 EPS for the current year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.87%. The ex-dividend date of this dividend is Thursday, November 7th. Ford Motor’s dividend payout ratio is 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.