Occidental Asset Management LLC Takes $672,000 Position in Ford Motor Company $F

Occidental Asset Management LLC bought a new stake in Ford Motor Company (NYSE:F) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 48,361 shares of the auto manufacturer’s stock, valued at approximately $672,000.

Other institutional investors have also added to or reduced their stakes in the company. MV Capital Management Inc. acquired a new stake in Ford Motor in the fourth quarter valued at approximately $25,000. McMillan Office Inc. bought a new stake in shares of Ford Motor during the fourth quarter valued at approximately $26,000. Johnson Financial Group Inc. raised its position in shares of Ford Motor by 55.4% during the third quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock worth $28,000 after purchasing an additional 837 shares during the period. Legacy Wealth Managment LLC ID raised its position in shares of Ford Motor by 108.4% during the first quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 1,230 shares during the period. Finally, Garton & Associates Financial Advisors LLC bought a new position in shares of Ford Motor in the 4th quarter worth $32,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Price Performance

Shares of NYSE:F opened at $14.07 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 3.07. The stock has a market cap of $56.11 billion, a PE ratio of -7.52, a price-to-earnings-growth ratio of 0.30 and a beta of 1.82. The stock’s fifty day simple moving average is $14.16 and its two-hundred day simple moving average is $13.50. Ford Motor Company has a 1-year low of $11.11 and a 1-year high of $17.78.

Ford Motor (NYSE:F) last posted its earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.09. The firm had revenue of $48.30 billion during the quarter, compared to analyst estimates of $47.24 billion. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The business’s revenue was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.37 EPS. As a group, analysts forecast that Ford Motor Company will post 1.86 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, August 11th. Ford Motor’s dividend payout ratio is presently -32.09%.

Analysts Set New Price Targets

Several analysts recently issued reports on F shares. Wall Street Zen downgraded shares of Ford Motor from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. BNP Paribas Exane upped their price objective on shares of Ford Motor from $14.00 to $14.50 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Royal Bank Of Canada raised their price objective on shares of Ford Motor from $13.00 to $15.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 29th. Wells Fargo & Company lifted their price objective on shares of Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a report on Thursday, June 25th. Finally, Dbs Bank raised shares of Ford Motor from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, August 11th. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $15.68.

Ford Motor Company Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.