Ford Motor Company $F Position Reduced by Donoghue Forlines LLC

Donoghue Forlines LLC reduced its position in shares of Ford Motor Company (NYSE:F) by 8.9% in the second quarter, HoldingsChannel.com reports. The firm owned 138,203 shares of the auto manufacturer’s stock after selling 13,484 shares during the period. Donoghue Forlines LLC’s holdings in Ford Motor were worth $1,500,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of F. Trust Co. of Toledo NA OH acquired a new stake in shares of Ford Motor in the second quarter valued at $25,000. Atlantic Union Bankshares Corp acquired a new position in Ford Motor during the second quarter worth about $30,000. Cypress Capital LLC bought a new stake in Ford Motor in the second quarter worth about $31,000. WPG Advisers LLC bought a new stake in Ford Motor in the first quarter worth about $33,000. Finally, Rise Advisors LLC lifted its holdings in Ford Motor by 316.5% in the 1st quarter. Rise Advisors LLC now owns 3,303 shares of the auto manufacturer’s stock valued at $33,000 after acquiring an additional 2,510 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Stock Down 1.3%

Shares of Ford Motor stock opened at $13.28 on Friday. Ford Motor Company has a 1 year low of $8.44 and a 1 year high of $13.97. The company has a market cap of $52.89 billion, a P/E ratio of 11.44, a P/E/G ratio of 4.03 and a beta of 1.60. The company has a current ratio of 1.12, a quick ratio of 0.98 and a debt-to-equity ratio of 2.20. The stock has a 50-day moving average price of $12.27 and a 200 day moving average price of $11.41.

Ford Motor (NYSE:F) last issued its earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. The company had revenue of $50.53 billion for the quarter, compared to the consensus estimate of $43.08 billion. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 EPS. As a group, analysts expect that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 7th will be given a $0.15 dividend. The ex-dividend date is Friday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 4.5%. Ford Motor’s dividend payout ratio is presently 51.72%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Weiss Ratings raised shares of Ford Motor from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday. JPMorgan Chase & Co. lifted their price target on shares of Ford Motor from $13.00 to $14.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Dbs Bank downgraded Ford Motor from a “hold” rating to a “moderate sell” rating in a research report on Monday, August 4th. Piper Sandler lifted their target price on Ford Motor from $9.50 to $11.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Finally, Royal Bank Of Canada boosted their target price on Ford Motor from $11.00 to $12.00 and gave the stock a “sector perform” rating in a research report on Friday, October 24th. Three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Ford Motor has a consensus rating of “Hold” and an average target price of $11.73.

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.