Conning Inc. Has $208,000 Stock Holdings in Ford Motor Company $F

Conning Inc. trimmed its position in Ford Motor Company (NYSE:F) by 99.8% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 17,993 shares of the auto manufacturer’s stock after selling 7,402,360 shares during the period. Conning Inc.’s holdings in Ford Motor were worth $208,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Ford Motor by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 471,705,454 shares of the auto manufacturer’s stock worth $6,188,776,000 after buying an additional 4,087,699 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Ford Motor by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 152,017,084 shares of the auto manufacturer’s stock worth $1,994,464,000 after buying an additional 4,089,779 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Ford Motor by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 106,600,353 shares of the auto manufacturer’s stock valued at $1,394,697,000 after buying an additional 1,255,349 shares during the period. Norges Bank acquired a new position in Ford Motor in the fourth quarter valued at approximately $674,437,000. Finally, Dimensional Fund Advisors LP boosted its stake in Ford Motor by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 45,857,344 shares of the auto manufacturer’s stock valued at $601,687,000 after acquiring an additional 125,534 shares during the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Price Performance

F opened at $13.99 on Monday. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 2.84. Ford Motor Company has a 12 month low of $10.68 and a 12 month high of $17.78. The company has a fifty day simple moving average of $14.10 and a 200 day simple moving average of $13.38. The stock has a market cap of $55.77 billion, a P/E ratio of -9.03, a P/E/G ratio of 0.31 and a beta of 1.82.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, topping the consensus estimate of $0.18 by $0.48. The business had revenue of $43.25 billion for the quarter, compared to the consensus estimate of $42.66 billion. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The firm’s revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.14 EPS. On average, research analysts expect that Ford Motor Company will post 1.64 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were given a dividend of $0.15 per share. 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 4.3%. Ford Motor’s dividend payout ratio (DPR) is currently -38.71%.

Analysts Set New Price Targets

A number of analysts have commented on F shares. TD Cowen lowered their target price on shares of Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a report on Friday, May 1st. Weiss Ratings restated a “buy (b)” rating on shares of Ford Motor in a research report on Wednesday, June 24th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $13.00 price objective on shares of Ford Motor in a research note on Friday, May 15th. Wells Fargo & Company upped their price objective on Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a report on Thursday, June 25th. Finally, Zacks Research raised Ford Motor from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Ford Motor has an average rating of “Hold” and a consensus target price of $14.77.

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.