Deseret Mutual Benefit Administrators Has $213,000 Stock Holdings in Ford Motor (NYSE:F)

Deseret Mutual Benefit Administrators boosted its holdings in shares of Ford Motor (NYSE:F) by 6.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,125 shares of the auto manufacturer’s stock after purchasing an additional 1,206 shares during the period. Deseret Mutual Benefit Administrators’ holdings in Ford Motor were worth $213,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Olistico Wealth LLC bought a new position in Ford Motor during the 2nd quarter valued at about $25,000. Family Firm Inc. acquired a new stake in shares of Ford Motor during the second quarter worth approximately $26,000. Quarry LP bought a new position in shares of Ford Motor in the second quarter valued at approximately $27,000. Ridgewood Investments LLC acquired a new position in shares of Ford Motor in the 2nd quarter worth approximately $28,000. Finally, Kimelman & Baird LLC bought a new stake in Ford Motor during the 2nd quarter worth approximately $30,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on F shares. Wolfe Research started coverage on Ford Motor in a research report on Thursday, September 5th. They issued a “peer perform” rating for the company. Barclays cut their price target on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Morgan Stanley lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $16.00 to $12.00 in a report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft lowered their price objective 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. Finally, The Goldman Sachs Group upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and upped their target price for the stock from $12.00 to $13.00 in a research report on Tuesday, October 1st. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $12.02.

Ford Motor Stock Down 2.4 %

NYSE:F opened at $10.92 on Thursday. The company has a quick ratio of 0.98, a current ratio of 1.15 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’s fifty day simple moving average is $10.77 and its 200-day simple moving average is $11.59. The firm has a market capitalization of $43.41 billion, a P/E ratio of 12.72, a P/E/G ratio of 1.88 and a beta of 1.62.

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

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.49%. The ex-dividend date is Thursday, November 7th. Ford Motor’s payout ratio is presently 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.