Capital Investment Counsel Inc Takes $115,000 Position in Ford Motor Company $F

Capital Investment Counsel Inc acquired a new position in shares of Ford Motor Company (NYSE:F) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 10,614 shares of the auto manufacturer’s stock, valued at approximately $115,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Ford Motor by 13.8% in the first quarter. Vanguard Group Inc. now owns 457,660,361 shares of the auto manufacturer’s stock worth $4,590,333,000 after acquiring an additional 55,576,478 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of Ford Motor by 6,915.1% during the 1st quarter. Pacer Advisors Inc. now owns 49,078,048 shares of the auto manufacturer’s stock worth $492,253,000 after purchasing an additional 48,378,444 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Ford Motor by 17.9% during the second quarter. Geode Capital Management LLC now owns 103,784,031 shares of the auto manufacturer’s stock worth $1,122,434,000 after purchasing an additional 15,748,694 shares in the last quarter. Nuveen LLC purchased a new position in Ford Motor in the first quarter valued at $123,147,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Ford Motor by 8.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 140,053,906 shares of the auto manufacturer’s stock valued at $1,404,741,000 after buying an additional 10,947,527 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Analysts Set New Price Targets

F has been the subject of several analyst reports. Royal Bank Of Canada upped their price objective on Ford Motor from $11.00 to $12.00 and gave the stock a “sector perform” rating in a research report on Friday, October 24th. Dbs Bank downgraded Ford Motor from a “hold” rating to a “moderate sell” rating in a report on Monday, August 4th. Citigroup raised their price objective on shares of Ford Motor from $11.00 to $13.50 and gave the stock a “neutral” rating in a report on Monday, October 27th. Weiss Ratings upgraded shares of Ford Motor from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Finally, Barclays increased their target price on shares of Ford Motor from $11.00 to $12.00 and gave the company an “equal weight” rating in a research report on Monday, October 27th. Three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $11.73.

Ford Motor Trading Down 1.3%

F opened at $13.28 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. Ford Motor Company has a 52 week low of $8.44 and a 52 week high of $13.97. The business’s 50 day moving average is $12.27 and its two-hundred day moving average is $11.41. The firm has a market cap of $52.89 billion, a price-to-earnings ratio of 11.44, a price-to-earnings-growth ratio of 4.03 and a beta of 1.60.

Ford Motor (NYSE:F) last announced its earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. The business had revenue of $50.53 billion for the quarter, compared to analyst estimates of $43.08 billion. Ford Motor had a net margin of 2.48% and a return on equity of 11.94%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the firm posted $0.49 earnings per share. On average, research analysts predict that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 7th will be paid a $0.15 dividend. The ex-dividend date is Friday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 4.5%. Ford Motor’s payout ratio is currently 51.72%.

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.