Cornerstone Wealth Management LLC Decreases Stake in Ford Motor (NYSE:F)

Cornerstone Wealth Management LLC decreased its holdings in shares of Ford Motor (NYSE:F) by 8.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,080 shares of the auto manufacturer’s stock after selling 7,188 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Ford Motor were worth $793,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of F. Brighton Jones LLC increased its holdings in shares of Ford Motor by 5.4% during the 4th quarter. Brighton Jones LLC now owns 19,693 shares of the auto manufacturer’s stock worth $195,000 after buying an additional 1,001 shares during the last quarter. Hedges Asset Management LLC increased its stake in Ford Motor by 40.0% during the fourth quarter. Hedges Asset Management LLC now owns 113,700 shares of the auto manufacturer’s stock worth $1,126,000 after acquiring an additional 32,500 shares during the last quarter. Donoghue Forlines LLC purchased a new stake in Ford Motor in the fourth quarter valued at $1,475,000. Teamwork Financial Advisors LLC acquired a new position in shares of Ford Motor in the 4th quarter valued at $1,095,000. Finally, Finley Financial LLC purchased a new position in shares of Ford Motor during the 4th quarter worth $47,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on F shares. The Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and upped their target price for the company from $12.00 to $13.00 in a research report on Tuesday, October 1st. Jefferies Financial Group cut shares of Ford Motor from a “hold” rating to an “underperform” rating and lowered their price objective for the stock from $12.00 to $9.00 in a research report on Monday, December 16th. Sanford C. Bernstein lowered Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price on the stock. in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft decreased their price target on Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday, October 30th. Finally, Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $11.82.

Ford Motor Price Performance

Shares of NYSE:F opened at $10.12 on Friday. Ford Motor has a 12 month low of $9.49 and a 12 month high of $14.85. The firm has a market capitalization of $40.20 billion, a P/E ratio of 11.49, a P/E/G ratio of 1.93 and a beta of 1.64. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98. The company’s fifty day moving average price is $10.29 and its 200 day moving average price is $10.84.

Ford Motor (NYSE:F) last posted its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS 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 analysts’ expectations of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 earnings per share. As a group, sell-side analysts predict that Ford Motor will post 1.77 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.93%. The ex-dividend date was Thursday, November 7th. Ford Motor’s payout ratio is currently 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.