Ford Motor (F) Shares Sold by First Allied Advisory Services Inc.
First Allied Advisory Services Inc. trimmed its holdings in Ford Motor (NYSE:F) by 20.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,847 shares of the auto manufacturer’s stock after selling 37,295 shares during the period. First Allied Advisory Services Inc.’s holdings in Ford Motor were worth $1,573,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Whittier Trust Co. lifted its position in shares of Ford Motor by 2,702.6% in the second quarter. Whittier Trust Co. now owns 380,564 shares of the auto manufacturer’s stock valued at $6,557,000 after acquiring an additional 366,985 shares in the last quarter. Wetherby Asset Management Inc. lifted its position in shares of Ford Motor by 12.9% in the second quarter. Wetherby Asset Management Inc. now owns 46,639 shares of the auto manufacturer’s stock worth $516,000 after buying an additional 5,338 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of Ford Motor by 15.5% in the second quarter. Teacher Retirement System of Texas now owns 3,531,071 shares of the auto manufacturer’s stock worth $39,089,000 after buying an additional 472,685 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Ford Motor by 27.8% in the second quarter. State of Alaska Department of Revenue now owns 584,088 shares of the auto manufacturer’s stock worth $6,464,000 after buying an additional 127,100 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of Ford Motor in the first quarter worth about $2,782,000. Institutional investors and hedge funds own 55.31% of the company’s stock.
A number of research firms recently commented on F. TheStreet downgraded Ford Motor from a “b-” rating to a “c+” rating in a research report on Monday, August 13th. Zacks Investment Research downgraded Ford Motor from a “hold” rating to a “sell” rating in a research report on Tuesday, July 17th. Morgan Stanley boosted their target price on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Thursday, May 3rd. ValuEngine downgraded Ford Motor from a “hold” rating to a “sell” rating in a research report on Wednesday, May 9th. Finally, Buckingham Research decreased their target price on Ford Motor from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Thursday, July 26th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. Ford Motor currently has a consensus rating of “Hold” and an average price target of $12.23.
Shares of NYSE F opened at $9.68 on Friday. 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 has a 1-year low of $9.35 and a 1-year high of $13.48. The company has a market cap of $38.50 billion, a price-to-earnings ratio of 6.38, a P/E/G ratio of 0.82 and a beta of 0.91.
Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, July 25th. The auto manufacturer reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.04). Ford Motor had a return on equity of 17.43% and a net margin of 4.27%. The company had revenue of $35.90 billion for the quarter, compared to the consensus estimate of $35.63 billion. During the same period in the previous year, the firm earned $0.56 earnings per share. The company’s revenue was down 2.8% compared to the same quarter last year. analysts predict that Ford Motor will post 1.38 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 4th. Stockholders of record on Monday, July 23rd will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, July 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.20%. Ford Motor’s dividend payout ratio is 33.71%.
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.
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