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

Kolinsky Wealth Management LLC acquired a new position in shares of Ford Motor (NYSE:F) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 10,716 shares of the auto manufacturer’s stock, valued at approximately $106,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Hager Investment Management Services LLC acquired a new stake in shares of Ford Motor during the 4th quarter worth approximately $26,000. Bank of Jackson Hole Trust bought a new position in Ford Motor during the 4th quarter worth $29,000. Flagship Wealth Advisors LLC acquired a new stake in Ford Motor in the fourth quarter worth $30,000. Kentucky Trust Co bought a new stake in Ford Motor in the fourth quarter valued at $31,000. Finally, Spurstone Advisory Services LLC acquired a new position in shares of Ford Motor during the fourth quarter valued at $31,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Analysts Set New Price Targets

F has been the topic of a number of analyst reports. Citigroup increased their price objective on shares of Ford Motor from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, May 7th. Wolfe Research upgraded shares of Ford Motor from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, April 30th. Evercore ISI cut their price target on Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a report on Monday, February 10th. Barclays increased their price objective on Ford Motor from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. lifted their target price on Ford Motor from $11.00 to $12.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Ford Motor currently has a consensus rating of “Hold” and a consensus price target of $10.00.

Ford Motor Price Performance

NYSE:F opened at $10.49 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. The business’s 50-day moving average price is $9.96 and its 200 day moving average price is $10.06. Ford Motor has a 52-week low of $8.44 and a 52-week high of $14.85. The firm has a market cap of $41.69 billion, a P/E ratio of 7.18, a PEG ratio of 0.61 and a beta of 1.53.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.16. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. The company had revenue of $40.66 billion during the quarter, compared to analyst estimates of $35.99 billion. During the same quarter last year, the firm posted $0.49 EPS. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. As a group, sell-side analysts predict that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 12th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 5.72%. Ford Motor’s dividend payout ratio is currently 48.00%.

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.