White Pine Investment CO reduced its stake in shares of Ford Motor (NYSE:F) by 4.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 379,193 shares of the auto manufacturer’s stock after selling 17,150 shares during the quarter. Ford Motor comprises approximately 2.2% of White Pine Investment CO’s portfolio, making the stock its 26th largest holding. White Pine Investment CO’s holdings in Ford Motor were worth $4,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. increased its stake in Ford Motor by 13.2% in the first quarter. BlackRock Inc. now owns 262,412,220 shares of the auto manufacturer’s stock valued at $2,907,527,000 after purchasing an additional 30,645,741 shares during the period. Newport Trust Co boosted its holdings in shares of Ford Motor by 0.6% in the first quarter. Newport Trust Co now owns 188,248,101 shares of the auto manufacturer’s stock valued at $2,085,789,000 after acquiring an additional 1,173,078 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Ford Motor by 2.5% in the first quarter. Franklin Resources Inc. now owns 51,992,097 shares of the auto manufacturer’s stock valued at $576,073,000 after acquiring an additional 1,246,237 shares in the last quarter. Pzena Investment Management LLC boosted its holdings in shares of Ford Motor by 73.3% in the first quarter. Pzena Investment Management LLC now owns 44,818,988 shares of the auto manufacturer’s stock valued at $496,594,000 after acquiring an additional 18,962,611 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Ford Motor by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 39,560,473 shares of the auto manufacturer’s stock valued at $438,330,000 after acquiring an additional 497,160 shares in the last quarter. Institutional investors own 55.45% of the company’s stock.
F stock opened at $9.74 on Friday. The stock has a market cap of $39.38 billion, a P/E ratio of 6.52, a P/E/G ratio of 0.84 and a beta of 0.91. Ford Motor has a 52 week low of $9.72 and a 52 week high of $13.48. The company has a current ratio of 1.21, a quick ratio of 1.08 and a debt-to-equity ratio of 2.80.
Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, July 25th. The auto manufacturer reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.04). The company had revenue of $35.90 billion for the quarter, compared to analysts’ expectations of $35.63 billion. Ford Motor had a return on equity of 17.43% and a net margin of 4.27%. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.56 EPS. equities analysts predict that Ford Motor will post 1.38 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 4th. Investors of record on Monday, July 23rd will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 6.16%. The ex-dividend date is Friday, July 20th. Ford Motor’s dividend payout ratio is currently 33.71%.
Several analysts have recently weighed in on F shares. Morgan Stanley set a $16.00 target price on shares of Ford Motor and gave the company a “buy” rating in a report on Thursday, May 24th. UBS Group lowered their target price on shares of Ford Motor from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, July 26th. Jefferies Financial Group raised shares of Ford Motor from a “hold” rating to a “buy” rating and lifted their target price for the company from $10.14 to $13.00 in a report on Tuesday, May 29th. ValuEngine raised shares of Ford Motor from a “sell” rating to a “hold” rating in a report on Thursday, May 24th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $11.50 target price on shares of Ford Motor in a report on Thursday, July 26th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the stock. Ford Motor currently has an average rating of “Hold” and a consensus price target of $12.22.
In related news, Director John C. Lechleiter acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 2nd. The shares were purchased at an average price of $9.89 per share, with a total value of $98,900.00. Following the completion of the acquisition, the director now owns 45,000 shares in the company, valued at $445,050. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.95% of the stock is currently owned by insiders.
Ford Motor 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.
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