Occidental Asset Management LLC Sells 976 Shares of Ford Motor (NYSE:F)

Occidental Asset Management LLC trimmed its position in shares of Ford Motor (NYSE:F) by 1.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,625 shares of the auto manufacturer’s stock after selling 976 shares during the period. Occidental Asset Management LLC’s holdings in Ford Motor were worth $796,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of F. Tanglewood Legacy Advisors LLC bought a new stake in Ford Motor in the 1st quarter valued at $25,000. Boulder Wealth Advisors LLC bought a new stake in shares of Ford Motor in the 4th quarter worth about $27,000. Milestone Investment Advisors LLC bought a new stake in shares of Ford Motor in the 1st quarter worth about $27,000. Ridgewood Investments LLC bought a new stake in shares of Ford Motor in the 1st quarter worth about $28,000. Finally, Core Alternative Capital increased its holdings in shares of Ford Motor by 66.4% in the 1st quarter. Core Alternative Capital now owns 2,284 shares of the auto manufacturer’s stock worth $29,000 after buying an additional 911 shares during the last quarter. 52.73% of the stock is currently owned by institutional investors.

Ford Motor Price Performance

Shares of F stock opened at $12.33 on Tuesday. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.20 and a quick ratio of 1.03. The company has a market capitalization of $49.35 billion, a P/E ratio of 12.09, a P/E/G ratio of 0.86 and a beta of 1.61. The company’s 50-day simple moving average is $12.91 and its two-hundred day simple moving average is $12.74. Ford Motor has a one year low of $10.90 and a one year high of $15.42.

Ford Motor (NYSE:F) last issued its earnings results on Thursday, July 27th. The auto manufacturer reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.21. The business had revenue of $44.95 billion for the quarter, compared to the consensus estimate of $43.17 billion. Ford Motor had a net margin of 2.44% and a return on equity of 20.48%. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 EPS. As a group, equities analysts anticipate that Ford Motor will post 2.11 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, July 25th were paid a dividend of $0.15 per share. The ex-dividend date was Monday, July 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.87%. Ford Motor’s dividend payout ratio is presently 58.82%.

Wall Street Analysts Forecast Growth

F has been the topic of a number of research reports. Morgan Stanley restated an “overweight” rating and issued a $16.00 target price on shares of Ford Motor in a report on Tuesday, August 1st. JPMorgan Chase & Co. boosted their target price on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Friday, July 28th. Jefferies Financial Group downgraded shares of Ford Motor from a “buy” rating to a “hold” rating and reduced their target price for the stock from $17.00 to $15.00 in a report on Monday, July 31st. The Goldman Sachs Group lifted their price target on shares of Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Friday, July 14th. Finally, Citigroup lifted their price target on shares of Ford Motor from $16.00 to $17.00 in a research note on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $14.50.

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.