Korea Investment CORP Sells 138,102 Shares of Ford Motor Company $F

Korea Investment CORP trimmed its holdings in shares of Ford Motor Company (NYSE:F) by 7.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,841,746 shares of the auto manufacturer’s stock after selling 138,102 shares during the quarter. Korea Investment CORP’s holdings in Ford Motor were worth $19,983,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in F. Assetmark Inc. lifted its holdings in Ford Motor by 51.9% in the 1st quarter. Assetmark Inc. now owns 10,668 shares of the auto manufacturer’s stock worth $107,000 after purchasing an additional 3,646 shares during the last quarter. Mackenzie Financial Corp raised its position in shares of Ford Motor by 13.1% in the first quarter. Mackenzie Financial Corp now owns 364,842 shares of the auto manufacturer’s stock valued at $3,659,000 after purchasing an additional 42,273 shares during the period. Bayforest Capital Ltd lifted its stake in shares of Ford Motor by 16.7% in the first quarter. Bayforest Capital Ltd now owns 19,459 shares of the auto manufacturer’s stock worth $195,000 after buying an additional 2,779 shares during the last quarter. Natixis Advisors LLC boosted its holdings in shares of Ford Motor by 212.5% during the 1st quarter. Natixis Advisors LLC now owns 1,009,873 shares of the auto manufacturer’s stock worth $10,129,000 after buying an additional 686,705 shares during the period. Finally, Sound View Wealth Advisors Group LLC grew its stake in Ford Motor by 7.8% in the 1st quarter. Sound View Wealth Advisors Group LLC now owns 36,182 shares of the auto manufacturer’s stock valued at $363,000 after buying an additional 2,628 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

F has been the subject of a number of research analyst reports. UBS Group boosted their target price on shares of Ford Motor from $11.00 to $12.50 and gave the stock a “neutral” rating in a research report on Monday, October 6th. The Goldman Sachs Group boosted their price objective on Ford Motor from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, September 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Ford Motor in a research note on Monday, November 24th. Barclays lifted their price target on Ford Motor from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Monday, October 27th. Finally, JPMorgan Chase & Co. increased their price objective on Ford Motor from $13.00 to $14.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $11.88.

Ford Motor Stock Performance

F opened at $13.27 on Friday. The stock’s 50 day simple moving average is $12.56 and its 200-day simple moving average is $11.63. The company has a current ratio of 1.12, a quick ratio of 0.98 and a debt-to-equity ratio of 2.20. The stock has a market cap of $52.87 billion, a PE ratio of 11.44, a P/E/G ratio of 4.03 and a beta of 1.60. Ford Motor Company has a 1 year low of $8.44 and a 1 year high of $13.97.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. The firm had revenue of $50.53 billion for the quarter, compared to the consensus estimate of $43.08 billion. Ford Motor had a net margin of 2.48% and a return on equity of 11.94%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.49 earnings per share. Sell-side analysts forecast that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 7th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Friday, November 7th. Ford Motor’s payout ratio is 51.72%.

About Ford Motor

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.