Mystic Asset Management Inc. Invests $199,000 in Ford Motor (NYSE:F)

Mystic Asset Management Inc. purchased a new position in Ford Motor (NYSE:F) in the fourth quarter, Holdings Channel.com reports. The firm purchased 20,133 shares of the auto manufacturer’s stock, valued at approximately $199,000.

A number of other large investors have also recently made changes to their positions in F. Hager Investment Management Services LLC bought a new stake in Ford Motor during the fourth quarter valued at approximately $26,000. Bank of Jackson Hole Trust bought a new stake in Ford Motor during the fourth quarter valued at approximately $29,000. Flagship Wealth Advisors LLC bought a new stake in Ford Motor during the fourth quarter valued at approximately $30,000. Kentucky Trust Co bought a new stake in Ford Motor during the fourth quarter valued at approximately $31,000. Finally, Crewe Advisors LLC grew its position in Ford Motor by 169.9% during the fourth quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock valued at $33,000 after buying an additional 2,068 shares during the period. 58.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

F has been the subject of several recent research reports. Wells Fargo & Company cut their target price on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating for the company in a research report on Thursday, February 6th. Royal Bank of Canada cut their target price on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating for the company in a research report on Thursday, February 6th. Bank of America lowered their price target on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a report on Thursday, February 6th. Barclays downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $13.00 to $11.00 in a report on Wednesday, January 22nd. Finally, Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Ford Motor currently has a consensus rating of “Hold” and a consensus target price of $11.68.

Ford Motor Price Performance

F stock opened at $9.95 on Wednesday. Ford Motor has a one year low of $9.06 and a one year high of $14.85. The company’s fifty day moving average price is $9.71 and its 200-day moving average price is $10.31. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. The company has a market capitalization of $39.42 billion, a PE ratio of 6.81, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59.

Ford Motor (NYSE:F) last released 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%. On average, equities analysts anticipate that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.03%. The ex-dividend date of this dividend was Tuesday, February 18th. Ford Motor’s dividend payout ratio (DPR) is presently 41.10%.

About Ford Motor

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.