Arbor Wealth Advisors LLC Invests $854,000 in Ford Motor (NYSE:F)

Arbor Wealth Advisors LLC purchased a new position in Ford Motor (NYSE:F) in the fourth quarter, HoldingsChannel reports. The firm purchased 70,020 shares of the auto manufacturer’s stock, valued at approximately $854,000. Ford Motor comprises 0.9% of Arbor Wealth Advisors LLC’s investment portfolio, making the stock its 19th biggest position.

Other institutional investors also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Ford Motor by 835.9% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock valued at $25,000 after acquiring an additional 1,839 shares in the last quarter. Milestone Investment Advisors LLC purchased a new stake in shares of Ford Motor in the 3rd quarter valued at approximately $27,000. Peoples Bank KS purchased a new stake in Ford Motor in the 3rd quarter worth approximately $29,000. Provence Wealth Management Group purchased a new stake in Ford Motor in the 3rd quarter worth approximately $31,000. Finally, Headinvest LLC purchased a new stake in Ford Motor in the 3rd quarter worth approximately $31,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Stock Performance

NYSE:F traded up $0.06 during midday trading on Tuesday, reaching $12.95. The stock had a trading volume of 62,725,910 shares, compared to its average volume of 53,616,461. Ford Motor has a 1-year low of $9.63 and a 1-year high of $15.42. The firm’s fifty day simple moving average is $12.59 and its 200-day simple moving average is $11.77. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.20 and a quick ratio of 1.04. The stock has a market capitalization of $51.44 billion, a P/E ratio of 11.99, a PEG ratio of 0.96 and a beta of 1.63.

Ford Motor (NYSE:F) last posted its earnings results on Tuesday, February 6th. The auto manufacturer reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.17. Ford Motor had a net margin of 2.47% and a return on equity of 18.95%. The business had revenue of $43.21 billion for the quarter, compared to analyst estimates of $43.06 billion. During the same period last year, the business posted $0.51 EPS. Ford Motor’s revenue was up 3.5% compared to the same quarter last year. On average, equities research analysts forecast that Ford Motor will post 1.89 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently announced a Variable dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were paid a $0.33 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a yield of 4.7%. Ford Motor’s payout ratio is presently 55.56%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on F. Citigroup increased their target price on shares of Ford Motor from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Redburn Atlantic began coverage on shares of Ford Motor in a research report on Wednesday, January 24th. They issued a “sell” rating and a $10.00 target price for the company. Barclays increased their target price on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Morgan Stanley increased their target price on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $12.00 price target on shares of Ford Motor in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $13.82.

Insiders Place Their Bets

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total value of $337,031.94. Following the sale, the chief accounting officer now directly owns 7,102 shares in the company, valued at approximately $88,988.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.40% of the company’s stock.

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.