Sanders Morris Harris LLC reduced its position in shares of Ford Motor (NYSE:F – Free Report) by 6.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 40,700 shares of the auto manufacturer’s stock after selling 3,000 shares during the quarter. Sanders Morris Harris LLC’s holdings in Ford Motor were worth $616,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in F. Snider Financial Group increased its holdings in Ford Motor by 100,345.2% during the 1st quarter. Snider Financial Group now owns 219,805,167 shares of the auto manufacturer’s stock worth $3,717,000 after purchasing an additional 219,586,336 shares in the last quarter. Newport Trust Co increased its holdings in Ford Motor by 4.1% during the 1st quarter. Newport Trust Co now owns 153,594,790 shares of the auto manufacturer’s stock worth $1,935,294,000 after purchasing an additional 6,048,371 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Ford Motor by 243.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 81,406,673 shares of the auto manufacturer’s stock worth $1,025,724,000 after purchasing an additional 57,689,209 shares in the last quarter. Geode Capital Management LLC increased its holdings in Ford Motor by 1.2% during the 1st quarter. Geode Capital Management LLC now owns 70,775,476 shares of the auto manufacturer’s stock worth $889,831,000 after purchasing an additional 863,591 shares in the last quarter. Finally, Fisher Asset Management LLC increased its holdings in Ford Motor by 7.5% during the 1st quarter. Fisher Asset Management LLC now owns 51,251,409 shares of the auto manufacturer’s stock worth $645,768,000 after purchasing an additional 3,592,076 shares in the last quarter. 52.73% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have commented on F shares. UBS Group started coverage on Ford Motor in a report on Tuesday, September 12th. They set a “buy” rating and a $15.00 price objective for the company. JPMorgan Chase & Co. upped their target price on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Friday, July 28th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $12.00 target price on shares of Ford Motor in a report on Wednesday, August 30th. The Goldman Sachs Group upped their target price on Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Friday, July 14th. Finally, StockNews.com started coverage on Ford Motor in a report on Thursday, August 17th. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $14.50.
Ford Motor Price Performance
Shares of NYSE F opened at $12.61 on Friday. The firm has a market cap of $50.47 billion, a price-to-earnings ratio of 12.36, a price-to-earnings-growth ratio of 0.86 and a beta of 1.61. The stock has a fifty day simple moving average of $12.91 and a two-hundred day simple moving average of $12.74. Ford Motor has a 1-year low of $10.90 and a 1-year high of $15.42. The company has a current ratio of 1.20, a quick ratio of 1.03 and a debt-to-equity ratio of 2.15.
Ford Motor (NYSE:F – Get Free Report) last posted its earnings results on Thursday, July 27th. The auto manufacturer reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.21. The firm had revenue of $44.95 billion for the quarter, compared to the consensus estimate of $43.17 billion. Ford Motor had a return on equity of 20.48% and a net margin of 2.44%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.68 earnings per share. Analysts anticipate that Ford Motor will post 2.11 earnings per share for the current year.
Ford Motor Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Tuesday, July 25th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, July 24th. This represents a $0.60 annualized dividend and a dividend yield of 4.76%. Ford Motor’s dividend payout ratio is currently 58.82%.
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.
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