Magnus Financial Group LLC Invests $160,000 in Ford Motor (NYSE:F)

Magnus Financial Group LLC bought a new position in Ford Motor (NYSE:F) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 15,138 shares of the auto manufacturer’s stock, valued at approximately $160,000.

Several other hedge funds also recently made changes to their positions in the company. Olistico Wealth LLC acquired a new stake in shares of Ford Motor in the second quarter valued at about $25,000. Family Firm Inc. acquired a new stake in shares of Ford Motor in the second quarter valued at about $26,000. Financial Synergies Wealth Advisors Inc. lifted its stake in shares of Ford Motor by 1,997.9% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 1,938 shares during the period. Quarry LP acquired a new stake in shares of Ford Motor in the second quarter valued at about $27,000. Finally, Ridgewood Investments LLC acquired a new stake in shares of Ford Motor in the second quarter valued at about $28,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

F has been the subject of several recent analyst reports. Morgan Stanley cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $16.00 to $12.00 in a research note on Wednesday, September 25th. StockNews.com upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. The Goldman Sachs Group upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and raised their target price for the company from $12.00 to $13.00 in a report on Tuesday, October 1st. Barclays dropped their target price on shares of Ford Motor from $16.00 to $14.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $11.00 target price on shares of Ford Motor in a report on Tuesday, September 10th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $12.56.

Ford Motor Stock Performance

Shares of NYSE F opened at $11.03 on Thursday. The company has a market cap of $44.04 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 0.77 and a beta of 1.62. Ford Motor has a 12 month low of $9.49 and a 12 month high of $14.85. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.17 and a quick ratio of 1.00. The company has a 50-day simple moving average of $10.71 and a 200-day simple moving average of $11.80.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The company had revenue of $47.81 billion during the quarter, compared to analysts’ expectations of $47.79 billion. During the same quarter in the previous year, the firm posted $0.72 earnings per share. Ford Motor’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, equities analysts anticipate that Ford Motor will post 1.88 earnings per share for the current year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Wednesday, August 7th were issued a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.60 dividend on an annualized basis and a yield of 5.44%. Ford Motor’s payout ratio is 61.86%.

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.