Smith Salley & Associates Sells 17,682 Shares of Ford Motor (F)

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Smith Salley & Associates reduced its position in shares of Ford Motor (NYSE:F) by 8.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 198,932 shares of the auto manufacturer’s stock after selling 17,682 shares during the quarter. Smith Salley & Associates’ holdings in Ford Motor were worth $1,840,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Kiley Juergens Wealth Management LLC bought a new stake in shares of Ford Motor in the 2nd quarter valued at about $101,000. Credit Agricole S A increased its stake in shares of Ford Motor by 135.0% in the 2nd quarter. Credit Agricole S A now owns 9,400 shares of the auto manufacturer’s stock valued at $104,000 after acquiring an additional 5,400 shares during the last quarter. CLARET ASSET MANAGEMENT Corp bought a new stake in shares of Ford Motor in the 3rd quarter valued at about $106,000. Kaizen Advisory LLC increased its stake in shares of Ford Motor by 155.5% in the 2nd quarter. Kaizen Advisory LLC now owns 9,745 shares of the auto manufacturer’s stock valued at $108,000 after acquiring an additional 5,931 shares during the last quarter. Finally, TRUE Private Wealth Advisors bought a new stake in shares of Ford Motor in the 2nd quarter valued at about $112,000. 54.14% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Ray T. Charley purchased 4,000 shares of Ford Motor stock in a transaction on Monday, October 29th. The stock was purchased at an average price of $12.90 per share, with a total value of $51,600.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Steven R. Armstrong sold 13,000 shares of the company’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $9.54, for a total value of $124,020.00. Following the transaction, the vice president now directly owns 94,527 shares of the company’s stock, valued at approximately $901,787.58. The disclosure for this sale can be found here. Corporate insiders own 0.95% of the company’s stock.

Shares of F opened at $9.38 on Friday. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.21 and a quick ratio of 1.08. Ford Motor has a 52-week low of $8.17 and a 52-week high of $13.48. The company has a market capitalization of $38.14 billion, a P/E ratio of 5.27, a price-to-earnings-growth ratio of 1.35 and a beta of 0.68.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, October 24th. The auto manufacturer reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.01. Ford Motor had a return on equity of 15.48% and a net margin of 3.88%. The business had revenue of $34.66 billion during the quarter, compared to analyst estimates of $32.05 billion. During the same period in the previous year, the firm earned $0.43 EPS. Equities analysts forecast that Ford Motor will post 1.34 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Tuesday, October 23rd will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, October 22nd. This represents a $0.60 annualized dividend and a dividend yield of 6.40%. Ford Motor’s dividend payout ratio is presently 33.71%.

F has been the subject of a number of recent analyst reports. Barclays reaffirmed a “hold” rating and issued a $12.00 price target on shares of Ford Motor in a research note on Friday, July 27th. Citigroup lowered their price target on Ford Motor from $10.50 to $9.90 and set a “neutral” rating for the company in a research note on Monday, September 10th. Morgan Stanley cut Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $14.00 to $10.00 in a research note on Friday, October 19th. Berenberg Bank set a $6.00 price target on Ford Motor and gave the company a “sell” rating in a research note on Friday. Finally, TheStreet cut Ford Motor from a “b-” rating to a “c+” rating in a research note on Monday, August 13th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company’s stock. Ford Motor has a consensus rating of “Hold” and a consensus price target of $11.27.

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About Ford Motor

Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles; and Lincoln luxury vehicles worldwide. Its Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental car companies, and governments.

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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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