Ford Motor Company $F Shares Sold by Hoertkorn Richard Charles

Hoertkorn Richard Charles lowered its holdings in Ford Motor Company (NYSE:F) by 42.5% during the first quarter, Holdings Channel.com reports. The firm owned 185,296 shares of the auto manufacturer’s stock after selling 136,950 shares during the period. Ford Motor makes up 1.8% of Hoertkorn Richard Charles’ holdings, making the stock its 21st biggest holding. Hoertkorn Richard Charles’ holdings in Ford Motor were worth $2,138,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Norges Bank purchased a new position in shares of Ford Motor during the 4th quarter worth $674,437,000. Marshall Wace LLP raised its holdings in Ford Motor by 81.1% in the 3rd quarter. Marshall Wace LLP now owns 35,438,722 shares of the auto manufacturer’s stock valued at $423,847,000 after buying an additional 15,866,285 shares during the period. AQR Capital Management LLC raised its holdings in Ford Motor by 610.1% in the 4th quarter. AQR Capital Management LLC now owns 11,177,304 shares of the auto manufacturer’s stock valued at $146,646,000 after buying an additional 9,603,267 shares during the period. Bank of New York Mellon Corp lifted its position in 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 buying an additional 8,086,564 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in Ford Motor by 458.7% in the first quarter. SG Americas Securities LLC now owns 9,002,765 shares of the auto manufacturer’s stock valued at $103,892,000 after buying an additional 7,391,361 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Performance

NYSE F opened at $13.51 on Thursday. The company has a market cap of $53.82 billion, a P/E ratio of -8.71, a P/E/G ratio of 0.30 and a beta of 1.82. 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 has a 50-day moving average of $14.04 and a two-hundred day moving average of $13.37. Ford Motor Company has a 1-year low of $10.68 and a 1-year high of $17.78.

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

Ford Motor Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on F shares. Zacks Research upgraded shares of Ford Motor from a “hold” rating to a “strong-buy” rating in a research report on Monday. TD Cowen reduced their price target on shares of Ford Motor from $14.00 to $13.00 and set a “hold” rating on the stock in a research note on Friday, May 1st. Weiss Ratings restated a “buy (b)” rating on shares of Ford Motor in a report on Wednesday, June 24th. Citigroup increased their price objective on shares of Ford Motor from $13.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, June 1st. Finally, UBS Group lifted their target price on shares of Ford Motor from $14.00 to $17.00 and gave the company a “buy” rating in a report on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus 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: Zacks Research upgraded Ford to “strong-buy” from hold, which may help sentiment by signaling improved analyst confidence in the shares.
• Neutral Sentiment: Commentary comparing Ford with Rivian and Tesla may draw investor attention to Ford’s valuation and upside potential, but it does not change the company’s fundamentals directly.
• Negative Sentiment: Ford reported a drop in U.S. sales in the second quarter, a sign that demand weakness could be pressuring revenue and near-term results. Ford Motor Company (F) Reports Drop in US Sales in the Second Quarter
• Negative Sentiment: Ford is recalling more than 110,000 Mustang vehicles over windshield wiper and rear drivetrain defects, raising added warranty costs, execution concerns, and potential reputational damage. Ford to recall over 110,000 US vehicles over wiper, pinion shaft issues, NHTSA says

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.