Secure Asset Management LLC Purchases 15,668 Shares of Ford Motor (NYSE:F)

Secure Asset Management LLC lifted its position in Ford Motor (NYSE:F) by 23.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,951 shares of the auto manufacturer’s stock after acquiring an additional 15,668 shares during the quarter. Secure Asset Management LLC’s holdings in Ford Motor were worth $876,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in F. Dimensional Fund Advisors LP raised its holdings in Ford Motor by 27.4% in the second quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock worth $453,732,000 after purchasing an additional 7,793,944 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Ford Motor by 456.9% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,000,000 shares of the auto manufacturer’s stock worth $50,160,000 after purchasing an additional 3,281,800 shares in the last quarter. AQR Capital Management LLC raised its holdings in Ford Motor by 103.6% in the second quarter. AQR Capital Management LLC now owns 4,908,726 shares of the auto manufacturer’s stock worth $60,844,000 after purchasing an additional 2,497,695 shares in the last quarter. Natixis raised its holdings in Ford Motor by 1,930.4% in the first quarter. Natixis now owns 2,174,316 shares of the auto manufacturer’s stock worth $28,875,000 after purchasing an additional 2,067,226 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in Ford Motor by 11.0% in the first quarter. Jacobs Levy Equity Management Inc. now owns 12,290,204 shares of the auto manufacturer’s stock worth $163,214,000 after purchasing an additional 1,214,640 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Price Performance

Shares of NYSE F opened at $11.10 on Friday. The business’s 50 day moving average price is $10.75 and its 200 day moving average price is $11.78. The firm has a market cap of $44.31 billion, a P/E ratio of 11.44, a P/E/G ratio of 0.77 and a beta of 1.62. Ford Motor has a 52 week low of $9.49 and a 52 week high of $14.85. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 2.30.

Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, July 24th. The auto manufacturer reported $0.47 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.21). Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The company had revenue of $47.81 billion during the quarter, compared to analysts’ expectations of $47.79 billion. During the same quarter in the prior year, the company posted $0.72 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, sell-side analysts expect that Ford Motor will post 1.88 earnings per share for the current year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 7th were given a $0.15 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $0.60 annualized dividend and a yield of 5.41%. Ford Motor’s dividend payout ratio is presently 61.86%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on F shares. Evercore ISI upgraded shares of Ford Motor to a “hold” rating in a report on Friday, July 26th. Wolfe Research began coverage on Ford Motor in a research note on Thursday, September 5th. They set a “peer perform” rating on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $11.00 price target on shares of Ford Motor in a research note on Tuesday, September 10th. Royal Bank of Canada dropped their price target on Ford Motor from $13.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Monday, August 12th. Finally, Morgan Stanley lowered Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $16.00 to $12.00 in a research note on Wednesday, September 25th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $12.56.

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.