Mitsubishi UFJ Trust & Banking Corp decreased its position in Ford Motor (NYSE:F) by 60.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,107,967 shares of the auto manufacturer’s stock after selling 4,728,263 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.08% of Ford Motor worth $28,749,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Credit Agricole S A grew its position in Ford Motor by 135.0% during the 2nd quarter. Credit Agricole S A now owns 9,400 shares of the auto manufacturer’s stock worth $104,000 after purchasing an additional 5,400 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of Ford Motor during the 2nd quarter worth about $113,000. Adviser Investments LLC boosted its stake in shares of Ford Motor by 2,250.1% during the 2nd quarter. Adviser Investments LLC now owns 10,270 shares of the auto manufacturer’s stock worth $114,000 after acquiring an additional 9,833 shares in the last quarter. MAI Capital Management purchased a new position in Ford Motor in the 2nd quarter valued at about $117,000. Finally, Intersect Capital LLC purchased a new position in Ford Motor in the 2nd quarter valued at about $122,000. Hedge funds and other institutional investors own 54.07% of the company’s stock.
Shares of NYSE F traded down $0.23 during trading on Thursday, reaching $8.95. 1,683,642 shares of the stock traded hands, compared to its average volume of 40,294,892. Ford Motor has a 52-week low of $8.17 and a 52-week high of $13.48. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.21 and a quick ratio of 1.08. The stock has a market capitalization of $36.48 billion, a PE ratio of 5.03, a P/E/G ratio of 1.28 and a beta of 0.68.
Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, October 24th. The auto manufacturer reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The business had revenue of $34.66 billion for the quarter, compared to analysts’ expectations of $32.05 billion. Ford Motor had a return on equity of 15.48% and a net margin of 3.88%. During the same quarter in the prior year, the firm posted $0.43 EPS. As a group, equities analysts expect that Ford Motor will post 1.36 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 3rd. Shareholders of record on Tuesday, October 23rd were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.70%. The ex-dividend date was Monday, October 22nd. Ford Motor’s payout ratio is 33.71%.
In other news, VP Steven R. Armstrong sold 13,000 shares of the company’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $9.54, for a total transaction of $124,020.00. Following the transaction, the vice president now owns 94,527 shares of the company’s stock, valued at $901,787.58. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ray T. Charley purchased 4,000 shares of the stock in a transaction that occurred on Monday, October 29th. The stock was purchased at an average price of $12.90 per share, with a total value of $51,600.00. The disclosure for this purchase can be found here. 0.95% of the stock is currently owned by company insiders.
A number of research firms have weighed in on F. Citigroup decreased their target price on shares of Ford Motor from $10.50 to $9.90 and set a “neutral” rating on the stock in a research note on Monday, September 10th. Berenberg Bank restated a “sell” rating and set a $6.00 price target on shares of Ford Motor in a report on Friday, November 9th. Morgan Stanley downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $14.00 to $10.00 in a report on Friday, October 19th. Barclays cut their price target on shares of Ford Motor from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Wednesday, September 26th. Finally, Goldman Sachs Group upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $9.00 to $12.00 in a research note on Monday, October 29th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $11.27.
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Ford Motor Company Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles; and Lincoln luxury vehicles worldwide. Its Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental car companies, and governments.
Further Reading: Debt-To-Equity Ratio
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