Royal Fund Management LLC Has $253,000 Stock Position in Ford Motor (NYSE:F)

Royal Fund Management LLC lowered its holdings in shares of Ford Motor (NYSE:F) by 38.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 25,511 shares of the auto manufacturer’s stock after selling 15,859 shares during the period. Royal Fund Management LLC’s holdings in Ford Motor were worth $253,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. raised its holdings in Ford Motor by 29.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer’s stock worth $15,998,000 after purchasing an additional 336,720 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Ford Motor by 3.8% during the third quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer’s stock worth $46,408,000 after buying an additional 160,409 shares during the period. Worldquant Millennium Advisors LLC bought a new position in Ford Motor during the third quarter worth $55,456,000. CHURCHILL MANAGEMENT Corp acquired a new position in Ford Motor in the fourth quarter valued at $10,853,000. Finally, ING Groep NV boosted its position in Ford Motor by 93.4% during the third quarter. ING Groep NV now owns 1,181,128 shares of the auto manufacturer’s stock valued at $12,473,000 after acquiring an additional 570,293 shares during the last quarter. Institutional investors own 58.74% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on F shares. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $12.00 to $13.00 in a research note on Tuesday, October 1st. Morgan Stanley cut Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $16.00 to $12.00 in a report on Wednesday, September 25th. Barclays lowered their price objective on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Wolfe Research reissued an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Ford Motor has an average rating of “Hold” and a consensus target price of $11.83.

Ford Motor Stock Performance

Shares of Ford Motor stock opened at $10.44 on Wednesday. Ford Motor has a 52 week low of $9.49 and a 52 week high of $14.85. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34. The business has a 50 day moving average price of $10.36 and a 200-day moving average price of $10.89. The company has a market cap of $41.51 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 1.96 and a beta of 1.64.

Ford Motor (NYSE:F) last released its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $46.20 billion during the quarter, compared to analyst estimates of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. Ford Motor’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.39 EPS. Equities analysts anticipate that Ford Motor will post 1.77 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. Investors of record on Thursday, November 7th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.74%. The ex-dividend date of this dividend was Thursday, November 7th. Ford Motor’s dividend payout ratio (DPR) is presently 68.18%.

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.