WBI Investments Inc. trimmed its holdings in Ford Motor (NYSE:F) by 77.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 578,676 shares of the auto manufacturer’s stock after selling 2,034,206 shares during the period. WBI Investments Inc.’s holdings in Ford Motor were worth $5,353,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Whittier Trust Co. grew its position in shares of Ford Motor by 2,702.6% in the 2nd quarter. Whittier Trust Co. now owns 380,564 shares of the auto manufacturer’s stock worth $6,557,000 after acquiring an additional 366,985 shares in the last quarter. Kiley Juergens Wealth Management LLC boosted its position in Ford Motor by 96.2% during the 3rd quarter. Kiley Juergens Wealth Management LLC now owns 18,047 shares of the auto manufacturer’s stock valued at $166,000 after purchasing an additional 8,850 shares during the period. Van ECK Associates Corp acquired a new position in Ford Motor during the 2nd quarter valued at approximately $678,000. Putnam Investments LLC boosted its position in Ford Motor by 444.1% during the 2nd quarter. Putnam Investments LLC now owns 3,473,537 shares of the auto manufacturer’s stock valued at $38,452,000 after purchasing an additional 2,835,131 shares during the period. Finally, Gradient Investments LLC boosted its position in Ford Motor by 63.9% during the 3rd quarter. Gradient Investments LLC now owns 16,354 shares of the auto manufacturer’s stock valued at $151,000 after purchasing an additional 6,376 shares during the period. 54.09% of the stock is currently owned by hedge funds and other institutional investors.
In other news, VP Steven R. Armstrong sold 13,000 shares of the business’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $9.54, for a total transaction of $124,020.00. Following the sale, the vice president now directly owns 94,527 shares of the company’s stock, valued at $901,787.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ray T. Charley bought 4,000 shares of the business’s stock in a transaction dated Monday, October 29th. The shares were bought at an average cost of $12.90 per share, for a total transaction of $51,600.00. The disclosure for this purchase can be found here. 0.95% of the stock is currently owned by insiders.
F opened at $9.29 on Friday. Ford Motor has a one year low of $8.17 and a one year high of $13.48. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.08 and a current ratio of 1.21. The firm has a market capitalization of $37.59 billion, a PE ratio of 5.22, a PEG ratio of 1.33 and a beta of 0.86.
Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, October 24th. The auto manufacturer reported $0.29 EPS for the quarter, topping the Zacks’ 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 company had revenue of $34.66 billion for the quarter, compared to the consensus estimate of $32.05 billion. During the same quarter in the previous year, the business earned $0.43 EPS. On average, research analysts forecast that Ford Motor will post 1.34 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Tuesday, October 23rd will be paid 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 Monday, October 22nd. Ford Motor’s dividend payout ratio is presently 33.71%.
A number of research analysts have issued reports on the company. UBS Group reduced their price target on Ford Motor from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, July 26th. Jefferies Financial Group reiterated a “buy” rating and set a $13.00 price target on shares of Ford Motor in a research report on Friday, October 5th. Goldman Sachs Group upgraded Ford Motor from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $9.00 to $12.00 in a research report on Monday. TheStreet lowered Ford Motor from a “b-” rating to a “c+” rating in a research report on Monday, August 13th. Finally, Barclays reduced their price target on Ford Motor from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 26th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $11.58.
Ford Motor Company Profile
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.
Featured Story: How is the discount rate different from the Federal Funds rate?
Want to see what other hedge funds are holding F? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ford Motor (NYSE:F).
Receive News & Ratings for Ford Motor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ford Motor and related companies with MarketBeat.com's FREE daily email newsletter.