Canton Hathaway LLC Has $588,000 Stock Position in Ford Motor (NYSE:F)

Canton Hathaway LLC trimmed its holdings in Ford Motor (NYSE:F) by 26.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,711 shares of the auto manufacturer’s stock after selling 19,993 shares during the quarter. Canton Hathaway LLC’s holdings in Ford Motor were worth $588,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its holdings in shares of Ford Motor by 4.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 122,609,058 shares of the auto manufacturer’s stock valued at $1,294,752,000 after purchasing an additional 5,270,562 shares in the last quarter. Dimensional Fund Advisors LP boosted its position 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 valued at $453,732,000 after acquiring an additional 7,793,944 shares during the period. Legal & General Group Plc increased its stake in Ford Motor by 1.0% during the 2nd quarter. Legal & General Group Plc now owns 31,823,353 shares of the auto manufacturer’s stock worth $399,066,000 after acquiring an additional 318,715 shares during the period. LSV Asset Management increased its holdings in Ford Motor by 1.6% in the 2nd quarter. LSV Asset Management now owns 20,115,487 shares of the auto manufacturer’s stock valued at $252,248,000 after buying an additional 312,496 shares during the period. Finally, Swiss National Bank raised its stake in Ford Motor by 0.7% during the third quarter. Swiss National Bank now owns 11,639,886 shares of the auto manufacturer’s stock worth $122,917,000 after acquiring an additional 84,600 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Trading Up 0.8 %

NYSE:F opened at $11.27 on Monday. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98. Ford Motor has a one year low of $9.49 and a one year high of $14.85. The firm has a market capitalization of $44.79 billion, a price-to-earnings ratio of 12.70, a price-to-earnings-growth ratio of 2.04 and a beta of 1.62. The business has a fifty day moving average price of $10.83 and a 200-day moving average price of $11.45.

Ford Motor (NYSE:F) last released its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (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 the consensus estimate of $45.13 billion. During the same quarter in the prior year, the firm earned $0.39 earnings per share. Ford Motor’s revenue was up 5.5% on a year-over-year basis. Sell-side analysts forecast that Ford Motor will post 1.81 EPS for the current year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.32%. Ford Motor’s payout ratio is 68.18%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Morgan Stanley lowered Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $16.00 to $12.00 in a research report on Wednesday, September 25th. The Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $12.00 to $13.00 in a research report on Tuesday, October 1st. StockNews.com upgraded Ford Motor from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Barclays dropped their price objective on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 29th. Finally, Wolfe Research started coverage on Ford Motor in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. Two equities research 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 MarketBeat, the company currently has a consensus rating of “Hold” and an average price target 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.