Meridian Wealth Management LLC Makes New Investment in Ford Motor (NYSE:F)

Meridian Wealth Management LLC acquired a new position in Ford Motor (NYSE:F) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 88,842 shares of the auto manufacturer’s stock, valued at approximately $938,000.

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

Ford Motor Price Performance

Shares of F stock opened at $11.18 on Friday. The firm has a market capitalization of $44.43 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 1.97 and a beta of 1.62. Ford Motor has a fifty-two week low of $9.49 and a fifty-two week high of $14.85. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. The stock’s 50-day simple moving average is $10.83 and its 200-day simple moving average is $11.46.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, topping the consensus estimate of $0.47 by $0.02. The business had revenue of $46.20 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 earnings per share. As a group, equities analysts forecast that Ford Motor will post 1.81 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.37%. The ex-dividend date of this dividend is Thursday, November 7th. Ford Motor’s payout ratio is 68.18%.

Analysts Set New Price Targets

Several brokerages have issued reports on F. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th. Sanford C. Bernstein lowered shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective on the stock. in a report on Thursday, November 7th. Wells Fargo & Company dropped 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. StockNews.com raised Ford Motor from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, Wolfe Research assumed coverage on Ford Motor in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Ford Motor currently has a consensus rating of “Hold” and a consensus target price of $12.02.

Ford Motor 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.