InTrack Investment Management Inc Has $160,000 Position in Ford Motor (NYSE:F)

InTrack Investment Management Inc cut its holdings in Ford Motor (NYSE:F) by 71.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,316 shares of the auto manufacturer’s stock after selling 41,070 shares during the quarter. InTrack Investment Management Inc’s holdings in Ford Motor were worth $160,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Meridian Financial Partners LLC lifted its stake in shares of Ford Motor by 1.1% in the 3rd quarter. Meridian Financial Partners LLC now owns 85,471 shares of the auto manufacturer’s stock valued at $903,000 after purchasing an additional 953 shares during the last quarter. Apollon Wealth Management LLC raised its holdings in Ford Motor by 1.1% during the third quarter. Apollon Wealth Management LLC now owns 92,950 shares of the auto manufacturer’s stock valued at $982,000 after buying an additional 969 shares in the last quarter. Beaird Harris Wealth Management LLC lifted its position in shares of Ford Motor by 3.0% in the second quarter. Beaird Harris Wealth Management LLC now owns 33,534 shares of the auto manufacturer’s stock worth $421,000 after buying an additional 982 shares during the last quarter. Pure Financial Advisors LLC boosted its stake in shares of Ford Motor by 6.6% during the 3rd quarter. Pure Financial Advisors LLC now owns 16,096 shares of the auto manufacturer’s stock worth $170,000 after acquiring an additional 990 shares in the last quarter. Finally, PBMares Wealth Management LLC increased its holdings in shares of Ford Motor by 9.0% during the 3rd quarter. PBMares Wealth Management LLC now owns 11,976 shares of the auto manufacturer’s stock valued at $126,000 after acquiring an additional 991 shares during the last quarter. 58.74% of the stock is owned by institutional investors.

Analysts Set New Price Targets

F has been the subject of a number of recent analyst reports. Barclays decreased their target price on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. The Goldman Sachs Group upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $12.00 to $13.00 in a report on Tuesday, October 1st. Jefferies Financial Group cut shares of Ford Motor from a “hold” rating to an “underperform” rating and decreased their price target for the company from $12.00 to $9.00 in a report on Monday, December 16th. Finally, Sanford C. Bernstein lowered Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective on the stock. in a research note on Thursday, November 7th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $11.83.

Ford Motor Stock Performance

Shares of NYSE F opened at $10.17 on Friday. The firm has a market capitalization of $40.43 billion, a price-to-earnings ratio of 11.56, a PEG ratio of 1.86 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 simple moving average of $10.40 and a 200 day simple moving average of $10.96. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The company had revenue of $46.20 billion during the quarter, compared to analysts’ expectations of $45.13 billion. During the same quarter in the prior year, the company posted $0.39 EPS. The business’s revenue was up 5.5% on a year-over-year basis. Sell-side analysts expect that Ford Motor will post 1.77 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.90%. The ex-dividend date was Thursday, November 7th. Ford Motor’s payout ratio is 68.18%.

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.