Diversify Advisory Services LLC Reduces Ford Motor Holdings

On October 31, 2024, it was reported that Diversify Advisory Services LLC has decreased its holdings in Ford Motor Company (NYSE:F) by 4.7% during the third quarter of the year. The firm now owns 62,139 shares of Ford's stock after selling 3,090 shares in this period. As per the latest filing with the SEC, these holdings are valued at approximately $690,000.

Several other hedge funds and institutional investors have been active with their investments in Ford as well. For instance, during the third quarter, the Czech National Bank raised its stake in Ford Motor by 6.5%, now owning 795,732 shares valued at around $8,403,000 after acquiring an additional 48,456 shares. Also notable, Claro Advisors LLC dramatically increased its stake by 333.6% during the same period, now holding 59,179 shares worth $625,000 after buying 45,532 shares. Price T. Rowe Associates Inc. MD also raised its stake slightly by 1.1%, now owning 5,349,276 shares worth $71,039,000 after an extra purchase of 59,082 shares. Additionally, Mirae Asset Global Investments Co. Ltd. increased its holdings by 9.8%, owning 2,994,819 shares valued at $32,284,000 after purchasing 266,256 shares. Brookstone Capital Management also enhanced its investment, increasing its stake by 8.5% and now holding 955,129 shares valued at around $10,086,000 after buying 75,193 shares. Notably, institutional investors collectively own 58.74% of Ford's stock.

Current Performance of Ford Motor Stock

The stock opened at $10.47 on Thursday. Its 50-day simple moving average stands at $10.83, while the two-hundred-day simple moving average is at $11.64. Ford's stock has a 52-week low of $9.49 and a high of $14.85, indicating a market capitalization of $41.78 billion. The company has a P/E ratio of 10.79 and a price-to-earnings-growth ratio of 1.58, alongside a beta of 1.62. Financial metrics show Ford with a quick ratio of 1.00, a current ratio of 1.17, and a debt-to-equity ratio of 2.30.

Recently, Ford Motor released its earnings for the third quarter ending October 28, 2024. The company announced earnings of $0.49 per share, surpassing the consensus estimate of $0.47 by $0.02. Ford reported a net margin of 2.13% and a return on equity of 15.28% with total revenue of $46.20 billion, outperforming the expected $45.13 billion. This revenue reflects a 5.5% increase compared to the previous year's results, where the firm earned $0.39 EPS.

Dividend Announcement

Ford Motor also declared a quarterly dividend, indicating that it will be paid out on December 2, 2024. Shareholders on record by November 7 will receive a dividend of $0.15 per share. Annually, this dividend amounts to $0.60, offering a yield of 5.73%, with a payout ratio standing at 61.86%.

Analysts' Insights

Wall Street analysts have expressed various views regarding Ford Motor shares. Barclays lowered its price target from $14.00 to $13.00 while maintaining an “overweight” rating. Meanwhile, Royal Bank of Canada reiterated a “sector perform” rating with a price target of $10.00. StockNews.com has upgraded Ford from a “sell” to a “hold” rating, reflecting a more favorable outlook. Morgan Stanley shifted its stance from “overweight” to “equal weight” and adjusted their price target from $16.00 to $12.00. Wells Fargo also cut its price estimate from $10.00 to $9.00, rating it at “underweight.” Currently, two analysts rate the stock as a sell, ten as a hold, and four as a buy, with a consensus rating of “Hold” and an average price target of $12.41, according to MarketBeat.com.

About Ford Motor Company

Ford Motor Company is involved in developing, delivering, and servicing a diverse range of vehicles, including trucks, commercial cars, vans, SUVs, and luxury vehicles from the Lincoln brand. The company's operations are divided into several segments, including Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit, selling vehicles and parts through a variety of channels including dealerships and commercial fleets.

Ford, Investments, Stocks