Rehmann Capital Advisory Group Sells 1,442 Shares of Ford Motor Company $F

Rehmann Capital Advisory Group decreased its position in shares of Ford Motor Company (NYSE:F) by 1.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 92,971 shares of the auto manufacturer’s stock after selling 1,442 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Ford Motor were worth $1,009,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Ford Motor by 13.8% during the 1st quarter. Vanguard Group Inc. now owns 457,660,361 shares of the auto manufacturer’s stock worth $4,590,333,000 after buying an additional 55,576,478 shares during the period. Pacer Advisors Inc. raised its holdings in Ford Motor by 6,915.1% during the 1st quarter. Pacer Advisors Inc. now owns 49,078,048 shares of the auto manufacturer’s stock worth $492,253,000 after buying an additional 48,378,444 shares during the period. Nuveen LLC acquired a new stake in Ford Motor during the 1st quarter worth approximately $123,147,000. Charles Schwab Investment Management Inc. raised its holdings in Ford Motor by 8.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 140,053,906 shares of the auto manufacturer’s stock worth $1,404,741,000 after buying an additional 10,947,527 shares during the period. Finally, Aberdeen Group plc raised its holdings in Ford Motor by 150.6% during the 1st quarter. Aberdeen Group plc now owns 7,264,106 shares of the auto manufacturer’s stock worth $72,169,000 after buying an additional 4,365,125 shares during the period. Institutional investors own 58.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a report on Sunday, July 20th. The Goldman Sachs Group increased their target price on shares of Ford Motor from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, September 29th. Jefferies Financial Group upgraded shares of Ford Motor from an “underperform” rating to a “hold” rating and increased their target price for the stock from $9.00 to $12.00 in a report on Monday, October 6th. Dbs Bank cut shares of Ford Motor from a “hold” rating to a “moderate sell” rating in a report on Monday, August 4th. Finally, UBS Group increased their target price on shares of Ford Motor from $11.00 to $12.50 and gave the stock a “neutral” rating in a report on Monday, October 6th. Two research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $11.11.

Ford Motor Price Performance

Shares of F opened at $12.44 on Thursday. The company has a market cap of $49.49 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 3.69 and a beta of 1.53. Ford Motor Company has a 1-year low of $8.44 and a 1-year high of $12.80. The company’s fifty day simple moving average is $11.79 and its 200 day simple moving average is $10.99. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 2.24.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. The business had revenue of $50.18 billion for the quarter, compared to the consensus estimate of $42.91 billion. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.47 earnings per share. On average, research analysts forecast that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.8%. The ex-dividend date was Monday, August 11th. Ford Motor’s payout ratio is currently 76.92%.

Ford Motor Profile

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.