Prime Capital Investment Advisors LLC Sells 22,608 Shares of Ford Motor Company $F

Key Points

• Prime Capital Investment Advisors LLC has reduced its stake in Ford Motor Company by 30.4%, selling 22,608 shares and now owning 51,882 shares valued at $563,000.
• Recent analyst reports have generally upgraded Ford Motor's stock, with Goldman Sachs raising the target price from $11.00 to $12.00 and maintaining a "neutral" rating.
• Ford has announced a quarterly dividend of $0.15 per share, resulting in a 5.3% dividend yield for shareholders, with a dividend payout ratio of 76.92%.

Prime Capital Investment Advisors LLC decreased its position in shares of Ford Motor Company (NYSE:F - Free Report) by 30.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 51,882 shares of the auto manufacturer's stock after selling 22,608 shares during the period. Prime Capital Investment Advisors LLC's holdings in Ford Motor were worth $563,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wedmont Private Capital grew its holdings in Ford Motor by 3.0% during the 2nd quarter. Wedmont Private Capital now owns 31,593 shares of the auto manufacturer's stock valued at $374,000 after buying an additional 934 shares in the last quarter. Meriwether Wealth & Planning LLC grew its holdings in Ford Motor by 6.9% during the 2nd quarter. Meriwether Wealth & Planning LLC now owns 15,186 shares of the auto manufacturer's stock valued at $165,000 after buying an additional 985 shares in the last quarter. Atlas Capital Advisors Inc. grew its holdings in Ford Motor by 21.2% during the 1st quarter. Atlas Capital Advisors Inc. now owns 5,665 shares of the auto manufacturer's stock valued at $57,000 after buying an additional 989 shares in the last quarter. City Holding Co. grew its holdings in Ford Motor by 47.8% during the 2nd quarter. City Holding Co. now owns 3,090 shares of the auto manufacturer's stock valued at $34,000 after buying an additional 1,000 shares in the last quarter. Finally, Childress Capital Advisors LLC grew its holdings in Ford Motor by 6.2% during the 2nd quarter. Childress Capital Advisors LLC now owns 17,321 shares of the auto manufacturer's stock valued at $188,000 after buying an additional 1,006 shares in the last quarter. Institutional investors own 58.74% of the company's stock.

Analysts Set New Price Targets

F has been the subject of a number of recent research reports. Wall Street Zen raised shares of Ford Motor from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. The Goldman Sachs Group raised their target price on shares of Ford Motor from $11.00 to $12.00 and gave the company a "neutral" rating in a report on Monday, September 29th. Jefferies Financial Group raised shares of Ford Motor from an "underperform" rating to a "hold" rating and raised their target price for the company from $9.00 to $12.00 in a report on Monday, October 6th. Wells Fargo & Company raised their target price on shares of Ford Motor from $8.00 to $10.00 and gave the company an "underweight" rating in a report on Friday, October 3rd. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Ford Motor in a report on Saturday, September 27th. Two equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $11.04.

Ford Motor Stock Down 0.7%

NYSE F opened at $11.43 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.10 and a debt-to-equity ratio of 2.24. The company has a fifty day moving average of $11.67 and a two-hundred day moving average of $10.88. The firm has a market capitalization of $45.47 billion, a price-to-earnings ratio of 14.65, a PEG ratio of 3.31 and a beta of 1.53. Ford Motor Company has a 52 week low of $8.44 and a 52 week high of $12.80.

Ford Motor (NYSE:F - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The auto manufacturer reported $0.37 EPS for the quarter, topping the consensus estimate of $0.33 by $0.04. The company had revenue of $50.18 billion during the quarter, compared to analyst estimates of $42.91 billion. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. Ford Motor's quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.47 earnings per share. On average, analysts predict that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.3%. The ex-dividend date was Monday, August 11th. Ford Motor's dividend payout ratio (DPR) is 76.92%.

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.

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