Ford Motor (NYSE:F) Shares Bought by Centennial Wealth Advisory LLC

Centennial Wealth Advisory LLC boosted its position in shares of Ford Motor (NYSE:F) by 6.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,970 shares of the auto manufacturer’s stock after purchasing an additional 2,704 shares during the period. Centennial Wealth Advisory LLC’s holdings in Ford Motor were worth $507,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Olistico Wealth LLC acquired a new position in Ford Motor during the 2nd quarter worth $25,000. Family Firm Inc. purchased a new stake in shares of Ford Motor in the second quarter valued at $26,000. Quarry LP acquired a new stake in Ford Motor during the 2nd quarter worth about $27,000. Ridgewood Investments LLC purchased a new position in Ford Motor during the second quarter valued at approximately $28,000. Finally, Kimelman & Baird LLC acquired a new stake in Ford Motor during the second quarter valued at $30,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. StockNews.com raised Ford Motor from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. The Goldman Sachs Group upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and increased their price objective for the company from $12.00 to $13.00 in a 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 report on Wednesday, October 30th. Morgan Stanley cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $16.00 to $12.00 in a research report on Wednesday, September 25th. Finally, Barclays cut their price objective on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Ford Motor currently has an average rating of “Hold” and an average target price of $12.41.

Ford Motor Price Performance

Shares of F traded up $0.37 during trading hours on Wednesday, reaching $10.97. 12,718,752 shares of the company’s stock traded hands, compared to its average volume of 53,530,883. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. Ford Motor has a 12 month low of $9.49 and a 12 month high of $14.85. The stock has a market cap of $43.61 billion, a PE ratio of 12.06, a price-to-earnings-growth ratio of 1.85 and a beta of 1.62. The firm’s 50 day simple moving average is $10.77 and its 200-day simple moving average is $11.59.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The firm had revenue of $46.20 billion for the quarter, compared to analyst estimates of $45.13 billion. During the same period last year, the company earned $0.39 EPS. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities analysts expect that Ford Motor will post 1.82 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.47%. Ford Motor’s dividend payout ratio is currently 68.18%.

Ford Motor Company 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.