Sage Investment Counsel LLC Makes New Investment in Ford Motor (NYSE:F)

Sage Investment Counsel LLC acquired a new position in shares of Ford Motor (NYSE:F) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 22,500 shares of the auto manufacturer’s stock, valued at approximately $223,000.

A number of other hedge funds have also recently added to or reduced their stakes in F. Hager Investment Management Services LLC bought a new stake in Ford Motor during the 4th quarter worth about $26,000. Bank of Jackson Hole Trust bought a new stake in Ford Motor during the 4th quarter worth about $29,000. Kentucky Trust Co bought a new stake in Ford Motor during the 4th quarter worth about $31,000. Reston Wealth Management LLC bought a new stake in Ford Motor during the 3rd quarter worth about $33,000. Finally, Crewe Advisors LLC boosted its stake in shares of Ford Motor by 169.9% in the 4th quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock valued at $33,000 after purchasing an additional 2,068 shares during the last quarter. Institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Up 2.7 %

Ford Motor stock opened at $9.54 on Friday. The company’s 50 day simple moving average is $9.77 and its 200 day simple moving average is $10.41. Ford Motor has a fifty-two week low of $9.10 and a fifty-two week high of $14.85. The firm has a market capitalization of $37.83 billion, a price-to-earnings ratio of 6.54, a PEG ratio of 0.61 and a beta of 1.63. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. As a group, sell-side analysts anticipate that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.60 annualized dividend and a yield of 6.29%. Ford Motor’s dividend payout ratio (DPR) is currently 41.10%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Royal Bank of Canada reduced their target price on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. Bank of America reduced their target price on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Wells Fargo & Company reduced their target price on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $11.89.

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.