Argyle Capital Management LLC Purchases 7,300 Shares of Ford Motor (NYSE:F)

Argyle Capital Management LLC boosted its holdings in Ford Motor (NYSE:F) by 6.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,880 shares of the auto manufacturer’s stock after buying an additional 7,300 shares during the quarter. Argyle Capital Management LLC’s holdings in Ford Motor were worth $1,217,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Versor Investments LP raised its stake in shares of Ford Motor by 846.6% during the fourth quarter. Versor Investments LP now owns 111,700 shares of the auto manufacturer’s stock valued at $1,106,000 after acquiring an additional 99,900 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in Ford Motor by 990.0% in the fourth quarter. Proficio Capital Partners LLC now owns 119,967 shares of the auto manufacturer’s stock valued at $1,188,000 after purchasing an additional 108,961 shares during the period. Oppenheimer & Co. Inc. raised its position in Ford Motor by 4.9% during the 4th quarter. Oppenheimer & Co. Inc. now owns 111,717 shares of the auto manufacturer’s stock worth $1,106,000 after purchasing an additional 5,236 shares during the last quarter. Mn Services Vermogensbeheer B.V. lifted its holdings in Ford Motor by 1.7% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 1,533,200 shares of the auto manufacturer’s stock worth $15,179,000 after buying an additional 25,500 shares during the period. Finally, MKD Wealth Coaches LLC bought a new stake in shares of Ford Motor in the 4th quarter valued at about $137,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on F. Wells Fargo & Company lowered their price objective on Ford Motor from $9.00 to $8.00 and set an “underweight” rating for the company in a research report on Thursday, February 6th. Wolfe Research restated an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Sanford C. Bernstein lowered shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective on the stock. in a research note on Thursday, November 7th. Jefferies Financial Group cut shares of Ford Motor from a “hold” rating to an “underperform” rating and decreased their price objective for the stock from $12.00 to $9.00 in a research report on Monday, December 16th. Finally, BNP Paribas upgraded shares of Ford Motor to a “hold” rating in a report on Monday, February 10th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Ford Motor currently has a consensus rating of “Hold” and a consensus target price of $11.89.

Ford Motor Price Performance

F stock opened at $9.30 on Friday. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02. The company’s 50-day moving average is $9.78 and its 200-day moving average is $10.42. The stock has a market capitalization of $36.84 billion, a PE ratio of 6.37, a price-to-earnings-growth ratio of 0.61 and a beta of 1.63. Ford Motor has a 1 year low of $9.10 and a 1 year high of $14.85.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. Equities research analysts expect that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.46%. The ex-dividend date of this dividend is Tuesday, February 18th. Ford Motor’s dividend payout ratio is currently 41.10%.

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.