Profund Advisors LLC Sells 8,804 Shares of Ford Motor Company $F

Profund Advisors LLC lowered its holdings in Ford Motor Company (NYSE:F) by 12.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 62,151 shares of the auto manufacturer’s stock after selling 8,804 shares during the quarter. Profund Advisors LLC’s holdings in Ford Motor were worth $674,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in F. Trust Co. of Toledo NA OH bought a new stake in Ford Motor in the second quarter valued at $25,000. Atlantic Union Bankshares Corp purchased a new stake in Ford Motor in the second quarter worth about $30,000. AlphaQuest LLC boosted its position in Ford Motor by 1,018.5% during the 2nd quarter. AlphaQuest LLC now owns 3,087 shares of the auto manufacturer’s stock valued at $33,000 after acquiring an additional 2,811 shares in the last quarter. City Holding Co. boosted its position in Ford Motor by 47.8% during the 2nd quarter. City Holding Co. now owns 3,090 shares of the auto manufacturer’s stock valued at $34,000 after acquiring an additional 1,000 shares in the last quarter. Finally, ST Germain D J Co. Inc. grew its holdings in shares of Ford Motor by 128.6% during the 2nd quarter. ST Germain D J Co. Inc. now owns 3,182 shares of the auto manufacturer’s stock worth $35,000 after acquiring an additional 1,790 shares during the period. 58.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on F. Barclays raised their target price on Ford Motor from $11.00 to $12.00 and gave the company an “equal weight” rating in a research note on Monday, October 27th. Weiss Ratings raised Ford Motor from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. UBS Group boosted their target price on shares of Ford Motor from $11.00 to $12.50 and gave the company a “neutral” rating in a report on Monday, October 6th. Dbs Bank lowered shares of Ford Motor from a “hold” rating to a “moderate sell” rating in a research note on Monday, August 4th. Finally, Wall Street Zen raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $11.73.

Ford Motor Price Performance

Shares of NYSE:F opened at $13.43 on Thursday. The business has a fifty day moving average price of $12.23 and a 200-day moving average price of $11.40. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 0.98. The company has a market capitalization of $53.49 billion, a PE ratio of 11.57, a PEG ratio of 4.03 and a beta of 1.60. Ford Motor Company has a 1-year low of $8.44 and a 1-year high of $13.97.

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

Ford Motor Dividend Announcement

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

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.