Spartan Fund Management Inc. Raises Position in Ford Motor (NYSE:F)

Spartan Fund Management Inc. increased its position in shares of Ford Motor (NYSE:F) by 1.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 96,000 shares of the auto manufacturer’s stock after buying an additional 1,600 shares during the period. Ford Motor comprises about 3.1% of Spartan Fund Management Inc.’s portfolio, making the stock its 15th biggest position. Spartan Fund Management Inc.’s holdings in Ford Motor were worth $1,014,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Legacy Wealth Asset Management LLC increased its position in Ford Motor by 1.7% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 48,916 shares of the auto manufacturer’s stock worth $650,000 after purchasing an additional 836 shares during the period. Insight Wealth Partners LLC lifted its position in Ford Motor by 1.9% during the second quarter. Insight Wealth Partners LLC now owns 44,144 shares of the auto manufacturer’s stock valued at $554,000 after buying an additional 843 shares in the last quarter. Pallas Capital Advisors LLC raised its position in Ford Motor by 2.9% in the second quarter. Pallas Capital Advisors LLC now owns 29,850 shares of the auto manufacturer’s stock valued at $374,000 after purchasing an additional 846 shares during the period. RB Capital Management LLC boosted its holdings in Ford Motor by 2.9% in the 1st quarter. RB Capital Management LLC now owns 30,380 shares of the auto manufacturer’s stock worth $403,000 after acquiring an additional 857 shares during the period. Finally, Freestone Capital Holdings LLC grew its stake in shares of Ford Motor by 5.0% during the first quarter. Freestone Capital Holdings LLC now owns 18,346 shares of the auto manufacturer’s stock valued at $244,000 after acquiring an additional 875 shares in the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on F shares. The Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $12.00 to $13.00 in a report on Tuesday, October 1st. Wells Fargo & Company reduced their target price on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Tuesday, September 10th. Royal Bank of Canada cut their price objective on shares of Ford Motor from $13.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Monday, August 12th. StockNews.com raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $11.00 price target on shares of Ford Motor in a research report on Tuesday, September 10th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $12.56.

Ford Motor Trading Up 1.8 %

NYSE:F traded up $0.20 on Tuesday, reaching $11.08. The company’s stock had a trading volume of 32,363,079 shares, compared to its average volume of 53,091,164. Ford Motor has a 1-year low of $9.49 and a 1-year high of $14.85. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.00 and a current ratio of 1.17. The firm has a market cap of $44.24 billion, a PE ratio of 11.38, a PEG ratio of 0.77 and a beta of 1.62. The business’s 50-day moving average price is $10.77 and its two-hundred day moving average price is $11.74.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.21). The company had revenue of $47.81 billion for the quarter, compared to analyst estimates of $47.79 billion. Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the company posted $0.72 earnings per share. Equities research analysts anticipate that Ford Motor will post 1.88 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Wednesday, August 7th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date of this dividend was Wednesday, August 7th. Ford Motor’s dividend payout ratio is 61.86%.

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.