Ford Motor (NYSE:F) Shares Sold by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp cut its stake in shares of Ford Motor (NYSE:F) by 1.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 266,714 shares of the auto manufacturer’s stock after selling 5,243 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Ford Motor were worth $2,817,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Family Firm Inc. purchased a new stake in Ford Motor during the 2nd quarter worth about $26,000. Quarry LP acquired a new stake in shares of Ford Motor during the 2nd quarter worth about $27,000. Ridgewood Investments LLC purchased a new stake in Ford Motor during the second quarter worth approximately $28,000. Kimelman & Baird LLC acquired a new position in Ford Motor in the second quarter valued at approximately $30,000. Finally, MFA Wealth Advisors LLC purchased a new position in Ford Motor in the second quarter valued at approximately $37,000. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reduced 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. Royal Bank of Canada reissued a “sector perform” rating and issued a $10.00 price target on shares of Ford Motor in a research report on Tuesday, October 29th. The Goldman Sachs Group raised 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 Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Tuesday, September 10th. Finally, Barclays cut their price target on Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Ford Motor presently has an average rating of “Hold” and a consensus target price of $12.09.

Ford Motor Stock Performance

Shares of F opened at $10.39 on Friday. The stock has a market capitalization of $41.29 billion, a P/E ratio of 11.81, a P/E/G ratio of 1.90 and a beta of 1.62. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. Ford Motor has a 1 year low of $9.49 and a 1 year high of $14.85. The company’s fifty day moving average is $10.85 and its two-hundred day moving average is $11.31.

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

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th were issued a $0.15 dividend. The ex-dividend date was Thursday, November 7th. This represents a $0.60 annualized dividend and a dividend yield of 5.77%. 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.