Ford Motor Company $F Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. trimmed its holdings in shares of Ford Motor Company (NYSE:F) by 35.7% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 102,436 shares of the auto manufacturer’s stock after selling 56,975 shares during the period. QRG Capital Management Inc.’s holdings in Ford Motor were worth $1,182,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Norges Bank acquired a new position in Ford Motor during the fourth quarter worth $674,437,000. Marshall Wace LLP lifted its holdings in Ford Motor by 81.1% during the third quarter. Marshall Wace LLP now owns 35,438,722 shares of the auto manufacturer’s stock valued at $423,847,000 after purchasing an additional 15,866,285 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Ford Motor by 610.1% in the fourth quarter. AQR Capital Management LLC now owns 11,177,304 shares of the auto manufacturer’s stock valued at $146,646,000 after purchasing an additional 9,603,267 shares during the period. Bank of New York Mellon Corp grew its position in shares of Ford Motor by 26.9% in the fourth quarter. Bank of New York Mellon Corp now owns 38,153,383 shares of the auto manufacturer’s stock valued at $500,572,000 after purchasing an additional 8,086,564 shares during the period. Finally, SG Americas Securities LLC increased its stake in shares of Ford Motor by 458.7% during the first quarter. SG Americas Securities LLC now owns 9,002,765 shares of the auto manufacturer’s stock worth $103,892,000 after purchasing an additional 7,391,361 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Trading Down 1.9%

Shares of Ford Motor stock opened at $13.57 on Wednesday. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.09 and a quick ratio of 0.94. The stock’s 50 day simple moving average is $14.02 and its 200-day simple moving average is $13.37. The stock has a market cap of $54.06 billion, a P/E ratio of -8.75, a P/E/G ratio of 0.30 and a beta of 1.82. Ford Motor Company has a 1-year low of $10.68 and a 1-year high of $17.78.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, beating the consensus estimate of $0.18 by $0.48. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The firm had revenue of $43.25 billion during the quarter, compared to analysts’ expectations of $42.66 billion. During the same quarter last year, the firm earned $0.14 earnings per share. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. Analysts predict that Ford Motor Company will post 1.64 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.4%. Ford Motor’s dividend payout ratio is currently -38.71%.

Analysts Set New Price Targets

F has been the subject of several research analyst reports. Morgan Stanley restated an “equal weight” rating and set a $14.00 price target on shares of Ford Motor in a research report on Wednesday, May 13th. Wells Fargo & Company boosted their price objective on Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a research note on Thursday, June 25th. Citigroup increased their target price on Ford Motor from $13.00 to $19.00 and gave the company a “neutral” rating in a report on Monday, June 1st. UBS Group raised their target price on Ford Motor from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Finally, Zacks Research lowered Ford Motor from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Ford Motor presently has an average rating of “Hold” and a consensus target price of $14.70.

Trending Headlines about Ford Motor

Here are the key news stories impacting Ford Motor this week:

• Positive Sentiment: Ford and Micron signed a long-term semiconductor supply agreement for Ford’s next-generation vehicles, which should help secure memory and storage components for future production and may support the company’s software-driven vehicle plans. Micron, Ford sign semiconductor supply agreement for vehicles
• Positive Sentiment: Ford received a Zacks Rank #2 (Buy) upgrade, reflecting improving earnings expectations and near-term optimism about the stock. All You Need to Know About Ford Motor (F) Rating Upgrade to Buy
• Neutral Sentiment: Analysts continue to rate Ford at an average “Hold,” suggesting the stock still faces balanced views from Wall Street. Ford Motor Company (NYSE:F) Given Average Recommendation of “Hold” by Analysts
• Negative Sentiment: Ford announced a recall of more than 110,000 Mustang, Mustang GTD and Mustang Mach-E vehicles due to windshield wiper and rear drivetrain defects, raising safety and liability concerns. Ford to recall over 110,000 US vehicles over wiper, pinion shaft issues, NHTSA says
• Negative Sentiment: Ford is also dealing with weakness in its EV business, with reports that sales of its flagship EVs fell sharply and the company is resetting EV plans after a sales slump and supplier disruption. Ford (F) Resets EV Plans After Sales Slump And Supplier Fire

About Ford Motor

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.