Premier Path Wealth Partners LLC Sells 2,505 Shares of Ford Motor (NYSE:F)

Premier Path Wealth Partners LLC lessened its holdings in shares of Ford Motor (NYSE:F) by 10.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 21,050 shares of the auto manufacturer’s stock after selling 2,505 shares during the period. Premier Path Wealth Partners LLC’s holdings in Ford Motor were worth $208,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in Ford Motor by 4.5% in the second quarter. Brighton Jones LLC now owns 26,856 shares of the auto manufacturer’s stock worth $337,000 after acquiring an additional 1,145 shares in the last quarter. Ieq Capital LLC grew its position in Ford Motor by 9.3% during the 2nd quarter. Ieq Capital LLC now owns 152,227 shares of the auto manufacturer’s stock valued at $1,909,000 after purchasing an additional 12,897 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Ford Motor by 4.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,372,643 shares of the auto manufacturer’s stock valued at $17,213,000 after purchasing an additional 53,831 shares in the last quarter. Summit Trail Advisors LLC raised its holdings in Ford Motor by 204.9% in the second quarter. Summit Trail Advisors LLC now owns 71,635 shares of the auto manufacturer’s stock worth $898,000 after buying an additional 48,138 shares during the last quarter. Finally, Ensign Peak Advisors Inc lifted its stake in shares of Ford Motor by 40.5% in the second quarter. Ensign Peak Advisors Inc now owns 589,197 shares of the auto manufacturer’s stock worth $7,389,000 after buying an additional 169,725 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Price Performance

NYSE F opened at $10.17 on Monday. The company has a market capitalization of $40.43 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 1.86 and a beta of 1.64. Ford Motor has a fifty-two week low of $9.49 and a fifty-two week high of $14.85. The business’s fifty day moving average is $10.38 and its 200 day moving average is $10.92. 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 (NYSE:F) last issued its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share 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 company had revenue of $46.20 billion during the quarter, compared to the consensus estimate of $45.13 billion. During the same quarter in the prior year, the firm posted $0.39 EPS. Ford Motor’s quarterly revenue was up 5.5% compared to the same quarter last year. Sell-side analysts predict that Ford Motor will post 1.77 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.60 annualized dividend and a dividend yield of 5.90%. Ford Motor’s dividend payout ratio (DPR) is 68.18%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Sanford C. Bernstein downgraded shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target for the company. in a research report on Thursday, November 7th. Morgan Stanley downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $16.00 to $12.00 in a report on Wednesday, September 25th. The Goldman Sachs Group upgraded Ford Motor from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $12.00 to $13.00 in a report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday, October 30th. Finally, Wolfe Research reissued an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.83.

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.