WEALTHFRONT Corp reduced its holdings in shares of Ford Motor (NYSE:F) by 27.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 108,692 shares of the auto manufacturer’s stock after selling 41,021 shares during the quarter. WEALTHFRONT Corp’s holdings in Ford Motor were worth $1,005,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also made changes to their positions in F. Franklin Resources Inc. lifted its stake in shares of Ford Motor by 194.8% during the 3rd quarter. Franklin Resources Inc. now owns 62,573,799 shares of the auto manufacturer’s stock valued at $578,807,000 after buying an additional 41,346,111 shares in the last quarter. Morgan Stanley lifted its stake in Ford Motor by 35.0% in the 2nd quarter. Morgan Stanley now owns 37,425,458 shares of the auto manufacturer’s stock worth $414,298,000 after purchasing an additional 9,710,528 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in Ford Motor by 238.7% in the 3rd quarter. Canada Pension Plan Investment Board now owns 4,997,027 shares of the auto manufacturer’s stock worth $46,222,000 after purchasing an additional 3,521,838 shares in the last quarter. Putnam Investments LLC lifted its stake in Ford Motor by 444.1% in the 2nd quarter. Putnam Investments LLC now owns 3,473,537 shares of the auto manufacturer’s stock worth $38,452,000 after purchasing an additional 2,835,131 shares in the last quarter. Finally, WBI Investments Inc. lifted its stake in Ford Motor by 1,212.3% in the 2nd quarter. WBI Investments Inc. now owns 2,612,882 shares of the auto manufacturer’s stock worth $28,925,000 after purchasing an additional 2,413,773 shares in the last quarter. Institutional investors own 54.07% of the company’s stock.
A number of brokerages have recently commented on F. Zacks Investment Research raised shares of Ford Motor from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 30th. Nomura decreased their price target on shares of Ford Motor from $9.00 to $8.10 and set a “neutral” rating on the stock in a report on Tuesday, October 30th. Buckingham Research decreased their price target on shares of Ford Motor from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, October 25th. ValuEngine raised shares of Ford Motor from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 31st. Finally, Bank of America decreased their price target on shares of Ford Motor from $12.50 to $10.00 and set a “neutral” rating on the stock in a report on Thursday, October 25th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company’s stock. Ford Motor has a consensus rating of “Hold” and a consensus price target of $11.27.
In other Ford Motor news, VP Steven R. Armstrong sold 13,000 shares of the firm’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $9.54, for a total value of $124,020.00. Following the sale, the vice president now owns 94,527 shares of the company’s stock, valued at approximately $901,787.58. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ray T. Charley purchased 4,000 shares of the business’s stock in a transaction on Monday, October 29th. The stock was purchased 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 company insiders.
F stock opened at $8.82 on Friday. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.08 and a current ratio of 1.21. Ford Motor has a 52 week low of $8.17 and a 52 week high of $13.48. The firm has a market cap of $35.84 billion, a P/E ratio of 4.96, a price-to-earnings-growth ratio of 1.26 and a beta of 0.68.
Ford Motor (NYSE:F) last released its earnings results on Wednesday, October 24th. The auto manufacturer reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.01. Ford Motor had a net margin of 3.88% and a return on equity of 15.48%. The company had revenue of $34.66 billion for the quarter, compared to analyst estimates of $32.05 billion. During the same quarter last year, the firm earned $0.43 EPS. Research analysts expect that Ford Motor will post 1.36 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 3rd. Investors of record on Tuesday, October 23rd were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.80%. The ex-dividend date of this dividend was Monday, October 22nd. Ford Motor’s dividend payout ratio is currently 33.71%.
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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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