Highline Wealth Partners LLC Invests $493,000 in Ford Motor (NYSE:F)

Highline Wealth Partners LLC acquired a new position in Ford Motor (NYSE:F) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 46,723 shares of the auto manufacturer’s stock, valued at approximately $493,000.

Several other large investors also recently added to or reduced their stakes in F. Assenagon Asset Management S.A. raised its stake in Ford Motor by 14,373.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 8,885,389 shares of the auto manufacturer’s stock worth $93,830,000 after acquiring an additional 8,824,000 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of 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 position in shares of Ford Motor by 456.9% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,000,000 shares of the auto manufacturer’s stock valued at $50,160,000 after purchasing an additional 3,281,800 shares during the period. AQR Capital Management LLC lifted its stake in shares of Ford Motor by 103.6% during the 2nd quarter. AQR Capital Management LLC now owns 4,908,726 shares of the auto manufacturer’s stock valued at $60,844,000 after buying an additional 2,497,695 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in Ford Motor by 1,215.6% in the 3rd quarter. International Assets Investment Management LLC now owns 2,693,585 shares of the auto manufacturer’s stock worth $28,444,000 after buying an additional 2,488,850 shares during the period. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Price Performance

Shares of F stock opened at $10.35 on Wednesday. The company has a market cap of $41.32 billion, a P/E ratio of 10.73, a PEG ratio of 1.58 and a beta of 1.62. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.17 and a quick ratio of 1.00. The stock’s 50-day moving average is $10.84 and its 200 day moving average is $11.65. Ford Motor has a 1-year low of $9.49 and a 1-year high of $14.85.

Ford Motor (NYSE:F) last released its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating 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 net margin of 2.13% and a return on equity of 15.28%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $0.39 EPS. Research analysts predict that Ford Motor will post 1.86 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 7th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.80%. The ex-dividend date is Thursday, November 7th. Ford Motor’s dividend payout ratio is currently 61.86%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and lifted their target price for the company from $12.00 to $13.00 in a research note on Tuesday, October 1st. 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. Barclays dropped 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 report on Tuesday. Evercore ISI upgraded shares of Ford Motor to a “hold” rating in a report on Friday, July 26th. Finally, Wells Fargo & Company decreased their price target on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Tuesday, September 10th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $12.41.

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.