Ford Motor (NYSE:F) Shares Sold by Avestar Capital LLC

Avestar Capital LLC trimmed its position in shares of Ford Motor (NYSE:F) by 39.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,575 shares of the auto manufacturer’s stock after selling 8,666 shares during the period. Avestar Capital LLC’s holdings in Ford Motor were worth $143,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Brooklyn Investment Group acquired a new stake in shares of Ford Motor during the 3rd quarter worth $155,000. Quantbot Technologies LP increased its holdings in shares of Ford Motor by 1,157.9% during the 3rd quarter. Quantbot Technologies LP now owns 181,006 shares of the auto manufacturer’s stock worth $1,911,000 after buying an additional 166,617 shares during the last quarter. Dai ichi Life Insurance Company Ltd increased its holdings in shares of Ford Motor by 247.0% during the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 98,345 shares of the auto manufacturer’s stock worth $1,039,000 after buying an additional 70,000 shares during the last quarter. Acorn Wealth Advisors LLC increased its holdings in shares of Ford Motor by 10.6% during the 3rd quarter. Acorn Wealth Advisors LLC now owns 38,495 shares of the auto manufacturer’s stock worth $407,000 after buying an additional 3,681 shares during the last quarter. Finally, Longfellow Investment Management Co. LLC increased its holdings in shares of Ford Motor by 46.1% during the 3rd quarter. Longfellow Investment Management Co. LLC now owns 60,591 shares of the auto manufacturer’s stock worth $640,000 after buying an additional 19,108 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Stock Performance

NYSE:F opened at $11.10 on Friday. 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 1-year low of $9.49 and a 1-year high of $14.85. The firm has a 50-day moving average of $10.85 and a two-hundred day moving average of $11.44. The stock has a market cap of $44.11 billion, a P/E ratio of 12.61, a PEG ratio of 2.08 and a beta of 1.62.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, topping the consensus estimate of $0.47 by $0.02. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The business had revenue of $46.20 billion for the quarter, compared to analysts’ expectations of $45.13 billion. During the same quarter last year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, research analysts expect that Ford Motor will post 1.81 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, November 7th. This represents a $0.60 annualized dividend and a dividend yield of 5.41%. Ford Motor’s payout ratio is 68.18%.

Analyst Ratings Changes

A number of brokerages recently weighed in on F. StockNews.com raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. The Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and upped their price target for the stock from $12.00 to $13.00 in a research report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, October 30th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $10.00 price target on shares of Ford Motor in a research report on Tuesday, October 29th. Finally, Wolfe Research began coverage on shares of Ford Motor in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Ford Motor has an average 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.