Bard Financial Services Inc. Takes $122,000 Position in Ford Motor (NYSE:F)

Bard Financial Services Inc. acquired a new position in shares of Ford Motor (NYSE:F) during the 4th quarter, Holdings Channel reports. The fund acquired 12,330 shares of the auto manufacturer’s stock, valued at approximately $122,000.

Other institutional investors have also recently bought and sold shares of the company. TD Asset Management Inc increased its position in shares of Ford Motor by 4.4% in the 2nd quarter. TD Asset Management Inc now owns 1,553,513 shares of the auto manufacturer’s stock valued at $19,481,000 after buying an additional 65,049 shares in the last quarter. Farmers & Merchants Investments Inc. grew its stake in Ford Motor by 46.3% in the second quarter. Farmers & Merchants Investments Inc. now owns 9,340 shares of the auto manufacturer’s stock valued at $117,000 after acquiring an additional 2,955 shares during the period. New York Life Investment Management LLC increased its holdings in shares of Ford Motor by 1.2% in the second quarter. New York Life Investment Management LLC now owns 562,174 shares of the auto manufacturer’s stock worth $7,050,000 after acquiring an additional 6,495 shares in the last quarter. Hanlon Investment Management Inc. bought a new stake in shares of Ford Motor in the second quarter worth about $164,000. Finally, Los Angeles Capital Management LLC raised its position in shares of Ford Motor by 53.6% during the second quarter. Los Angeles Capital Management LLC now owns 31,510 shares of the auto manufacturer’s stock worth $395,000 after purchasing an additional 10,999 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Royal Bank of Canada reissued a “sector perform” rating and set a $10.00 target price on shares of Ford Motor in a research note on Tuesday, October 29th. The Goldman Sachs Group upgraded 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 report on Tuesday, October 1st. Barclays reduced their target price 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. Wells Fargo & Company dropped their price target on Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Tuesday, September 10th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a report on Wednesday, October 30th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $11.83.

Ford Motor Stock Performance

NYSE F traded up $0.11 on Monday, hitting $9.99. 42,637,999 shares of the stock were exchanged, compared to its average volume of 61,705,840. The company has a market capitalization of $39.70 billion, a PE ratio of 11.35, a P/E/G ratio of 1.90 and a beta of 1.64. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98. The business’s fifty day moving average is $10.55 and its 200 day moving average is $11.09. Ford Motor has a 52 week low of $9.49 and a 52 week high of $14.85.

Ford Motor (NYSE:F) last issued its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. The business had revenue of $46.20 billion during the quarter, compared to the consensus estimate of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. Ford Motor’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the business posted $0.39 EPS. Research analysts anticipate that Ford Motor will post 1.81 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 6.01%. The ex-dividend date of this dividend was Thursday, November 7th. Ford Motor’s payout ratio 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.