Meridian Financial Partners LLC Reduces Stake in Ford Motor (NYSE:F)

Meridian Financial Partners LLC decreased its holdings in shares of Ford Motor (NYSE:F) by 28.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,781 shares of the auto manufacturer’s stock after selling 24,690 shares during the quarter. Meridian Financial Partners LLC’s holdings in Ford Motor were worth $602,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in shares of Ford Motor during the second quarter worth about $27,000. Kimelman & Baird LLC purchased a new position in Ford Motor during the 2nd quarter worth approximately $30,000. Reston Wealth Management LLC acquired a new position in Ford Motor during the third quarter worth approximately $33,000. Access Investment Management LLC purchased a new stake in Ford Motor in the third quarter valued at approximately $34,000. Finally, Modus Advisors LLC purchased a new stake in Ford Motor in the fourth quarter valued at approximately $34,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Price Performance

Ford Motor stock opened at $9.78 on Wednesday. The company has a market cap of $38.87 billion, a P/E ratio of 11.11, a price-to-earnings-growth ratio of 1.89 and a beta of 1.64. Ford Motor has a one year low of $9.49 and a one year high of $14.85. The business has a fifty day moving average of $10.44 and a two-hundred day moving average of $10.97. 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 announced its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. The firm had revenue of $46.20 billion during the quarter, compared to analysts’ expectations of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. During the same quarter last year, the business earned $0.39 earnings per share. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, analysts predict that Ford Motor will post 1.81 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.13%. The ex-dividend date was Thursday, November 7th. Ford Motor’s dividend payout ratio (DPR) is 68.18%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on F. Sanford C. Bernstein lowered shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price on the stock. in a research report on Thursday, November 7th. The Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $12.00 to $13.00 in a research report on Tuesday, October 1st. Morgan Stanley cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $16.00 to $12.00 in a report on Wednesday, September 25th. Jefferies Financial Group downgraded shares of Ford Motor from a “hold” rating to an “underperform” rating and decreased their target price for the stock from $12.00 to $9.00 in a research note on Monday, December 16th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $10.00 price target on shares of Ford Motor in a research report on Tuesday, October 29th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $11.83.

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.