Envestnet Asset Management Inc. cut its holdings in Ford Motor Company (NYSE:F) by 22.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 402,133 shares of the auto manufacturer’s stock after selling 114,758 shares during the period. Envestnet Asset Management Inc.’s holdings in Ford Motor were worth $4,814,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. Pzena Investment Management LLC grew its position in Ford Motor by 38.4% during the second quarter. Pzena Investment Management LLC now owns 23,812,718 shares of the auto manufacturer’s stock worth $266,464,000 after buying an additional 6,611,425 shares in the last quarter. BlackRock Inc. grew its position in Ford Motor by 2.4% during the second quarter. BlackRock Inc. now owns 234,567,920 shares of the auto manufacturer’s stock worth $2,624,814,000 after buying an additional 5,562,630 shares in the last quarter. Franklin Resources Inc. grew its position in Ford Motor by 5.7% during the second quarter. Franklin Resources Inc. now owns 87,703,958 shares of the auto manufacturer’s stock worth $981,407,000 after buying an additional 4,706,379 shares in the last quarter. Capital Research Global Investors grew its position in Ford Motor by 18.3% during the second quarter. Capital Research Global Investors now owns 23,655,000 shares of the auto manufacturer’s stock worth $264,699,000 after buying an additional 3,655,000 shares in the last quarter. Finally, PGGM Investments boosted its holdings in Ford Motor by 109.9% during the third quarter. PGGM Investments now owns 5,128,425 shares of the auto manufacturer’s stock valued at $61,387,000 after purchasing an additional 2,685,000 shares in the last quarter. Institutional investors and hedge funds own 53.78% of the company’s stock.
Ford Motor Company (NYSE:F) opened at $12.61 on Friday. Ford Motor Company has a one year low of $10.47 and a one year high of $13.27. The company has a quick ratio of 1.08, a current ratio of 1.19 and a debt-to-equity ratio of 2.94. The stock has a market cap of $50,090.73, a P/E ratio of 7.51, a PEG ratio of 0.65 and a beta of 1.24.
Ford Motor (NYSE:F) last posted its earnings results on Thursday, October 26th. The auto manufacturer reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.10. Ford Motor had a net margin of 2.91% and a return on equity of 21.62%. The company had revenue of $33.65 billion during the quarter, compared to analysts’ expectations of $32.80 billion. During the same quarter in the previous year, the company posted $0.26 earnings per share. Ford Motor’s quarterly revenue was up .9% compared to the same quarter last year. sell-side analysts forecast that Ford Motor Company will post 1.81 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, October 23rd were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date of this dividend was Friday, October 20th. Ford Motor’s dividend payout ratio (DPR) is currently 54.55%.
In related news, insider Steven R. Armstrong sold 22,076 shares of the business’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $12.37, for a total value of $273,080.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Hau N. Thai-Tang sold 19,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $12.50, for a total transaction of $237,500.00. The disclosure for this sale can be found here. Insiders sold 101,828 shares of company stock valued at $1,228,045 in the last quarter. 1.08% of the stock is currently owned by corporate insiders.
A number of equities research analysts have weighed in on the company. Cascend Securities downgraded Ford Motor to a “buy” rating in a report on Tuesday, December 5th. Vetr downgraded Ford Motor from a “buy” rating to a “hold” rating and set a $12.34 price objective on the stock. in a report on Wednesday, September 27th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Ford Motor in a report on Tuesday, November 28th. ValuEngine raised Ford Motor from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, FIG Partners reaffirmed a “hold” rating on shares of Ford Motor in a report on Monday, October 9th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $12.61.
Ford Motor Profile
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.
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