Pacific Wealth Strategies Group Inc. Buys Shares of 11,500 Ford Motor (NYSE:F)

Pacific Wealth Strategies Group Inc. purchased a new position in Ford Motor (NYSE:F) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,500 shares of the auto manufacturer’s stock, valued at approximately $114,000.

A number of other large investors also recently modified their holdings of F. Assenagon Asset Management S.A. raised its position in shares of Ford Motor by 14,373.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 8,885,389 shares of the auto manufacturer’s stock valued at $93,830,000 after buying an additional 8,824,000 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Ford Motor by 112.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 11,976,950 shares of the auto manufacturer’s stock worth $126,477,000 after purchasing an additional 6,348,185 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Ford Motor by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 122,609,058 shares of the auto manufacturer’s stock worth $1,294,752,000 after purchasing an additional 5,270,562 shares in the last quarter. Worldquant Millennium Advisors LLC purchased a new position in shares of Ford Motor during the 3rd quarter valued at about $55,456,000. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in Ford Motor by 420.2% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,042,820 shares of the auto manufacturer’s stock worth $63,812,000 after buying an additional 4,881,105 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on F shares. Wells Fargo & Company decreased their price target on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Thursday. Jefferies Financial Group downgraded shares of Ford Motor from a “hold” rating to an “underperform” rating and lowered their price target for the stock from $12.00 to $9.00 in a research note on Monday, December 16th. Royal Bank of Canada reduced their price objective on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research note on Thursday. Bank of America decreased their price objective on Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a report on Thursday. Finally, Sanford C. Bernstein cut Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target on the stock. in a research note on Thursday, November 7th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ford Motor presently has a consensus rating of “Hold” and a consensus target price of $12.04.

Ford Motor Stock Down 0.1 %

NYSE:F opened at $9.25 on Friday. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 0.98. The firm’s 50-day moving average price is $10.06 and its 200-day moving average price is $10.57. The company has a market capitalization of $36.76 billion, a PE ratio of 6.34, a P/E/G ratio of 1.80 and a beta of 1.63. Ford Motor has a 1-year low of $9.18 and a 1-year high of $14.85.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. On average, equities analysts predict that Ford Motor will post 1.7 EPS for the current fiscal year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a yield of 6.49%. Ford Motor’s dividend payout ratio is currently 41.10%.

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.