Wellington Management Group LLP trimmed its holdings in shares of Ford Motor Company (NYSE:F – Free Report) by 11.9% during the 2nd quarter, Holdings Channel reports. The fund owned 667,457 shares of the auto manufacturer’s stock after selling 90,339 shares during the period. Wellington Management Group LLP’s holdings in Ford Motor were worth $9,278,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of F. MV Capital Management Inc. bought a new position in shares of Ford Motor during the fourth quarter valued at approximately $25,000. McMillan Office Inc. bought a new position in Ford Motor in the fourth quarter worth approximately $26,000. Manning & Napier Advisors LLC purchased a new stake in Ford Motor during the second quarter worth $31,000. Johnson Financial Group Inc. lifted its holdings in Ford Motor by 55.4% during the third quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock worth $28,000 after buying an additional 837 shares during the period. Finally, Legacy Wealth Managment LLC ID boosted its position in Ford Motor by 108.4% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock valued at $27,000 after acquiring an additional 1,230 shares in the last quarter. Institutional investors own 58.74% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on F shares. Zacks Research downgraded Ford Motor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Jefferies Financial Group upgraded Ford Motor from a “hold” rating to a “buy” rating and lifted their target price for the company from $14.50 to $17.50 in a research note on Monday, July 27th. Bank of America boosted their target price on shares of Ford Motor from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Morgan Stanley reissued an “equal weight” rating and set a $14.00 price target on shares of Ford Motor in a research report on Wednesday, May 13th. Finally, Barclays lifted their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $15.68.
Ford Motor Stock Performance
F opened at $14.03 on Wednesday. The company has a market cap of $55.96 billion, a P/E ratio of -7.50, a price-to-earnings-growth ratio of 0.30 and a beta of 1.83. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07. The firm’s 50-day moving average price is $14.12 and its 200-day moving average price is $13.53. Ford Motor Company has a 52-week low of $11.11 and a 52-week high of $17.78.
Ford Motor (NYSE:F – Get Free Report) last released its earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The company had revenue of $48.30 billion during the quarter, compared to analysts’ expectations of $47.24 billion. During the same period last year, the business earned $0.37 EPS. Ford Motor’s revenue for the quarter was down 3.8% on a year-over-year basis. As a group, equities analysts anticipate that Ford Motor Company will post 1.86 EPS for the current fiscal year.
Ford Motor Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.3%. Ford Motor’s payout ratio is -32.09%.
Ford Motor Profile
Ford Motor Co is a global automotive company that designs, manufactures, markets and services cars, trucks, sport utility vehicles and commercial vehicles. Its portfolio includes the Ford and Lincoln brands, as well as a range of gasoline-powered, hybrid and electric vehicles. Ford also provides vehicle maintenance, repair and related services through its dealer network.
The company organizes its automotive operations into Ford Blue, which focuses on traditional and hybrid vehicles; Ford Model e, which develops electric vehicles and connected technologies; and Ford Pro, which serves commercial and government customers with vehicles, software and fleet-management services.
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