Ford Motor (F) Holdings Cut by HL Financial Services LLC

HL Financial Services LLC reduced its position in shares of Ford Motor (NYSE:F) by 34.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 171,198 shares of the auto manufacturer’s stock after selling 89,908 shares during the quarter. HL Financial Services LLC’s holdings in Ford Motor were worth $1,584,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in F. State of Alaska Department of Revenue increased its stake 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 acquiring an additional 127,100 shares during the last quarter. Trust Co. of Vermont increased its stake in shares of Ford Motor by 57.4% in the second quarter. Trust Co. of Vermont now owns 17,026 shares of the auto manufacturer’s stock worth $188,000 after acquiring an additional 6,209 shares during the last quarter. Xact Kapitalforvaltning AB increased its stake in shares of Ford Motor by 8.2% in the second quarter. Xact Kapitalforvaltning AB now owns 841,991 shares of the auto manufacturer’s stock worth $9,321,000 after acquiring an additional 63,581 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Ford Motor by 1.5% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,052,126 shares of the auto manufacturer’s stock worth $11,647,000 after acquiring an additional 15,135 shares during the last quarter. Finally, CX Institutional acquired a new position in shares of Ford Motor in the second quarter worth $751,000. 54.14% of the stock is currently owned by institutional investors.

Ford Motor stock opened at $9.38 on Friday. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.08 and a current ratio of 1.21. The firm has a market cap of $38.14 billion, a price-to-earnings ratio of 5.27, a price-to-earnings-growth ratio of 1.35 and a beta of 0.68. Ford Motor has a one year low of $8.17 and a one year high of $13.48.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, October 24th. The auto manufacturer reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.01. Ford Motor had a net margin of 3.88% and a return on equity of 15.48%. The firm had revenue of $34.66 billion for the quarter, compared to the consensus estimate of $32.05 billion. During the same period in the prior year, the business posted $0.43 earnings per share. On average, sell-side analysts predict that Ford Motor will post 1.34 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Tuesday, October 23rd will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 6.40%. The ex-dividend date is Monday, October 22nd. Ford Motor’s dividend payout ratio (DPR) is 33.71%.

In other Ford Motor news, VP Steven R. Armstrong sold 13,000 shares of the company’s stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $9.54, for a total transaction of $124,020.00. Following the completion of the sale, the vice president now directly owns 94,527 shares in the company, valued at $901,787.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ray T. Charley purchased 4,000 shares of the firm’s stock in a transaction on Monday, October 29th. The shares were purchased at an average price of $12.90 per share, with a total value of $51,600.00. The disclosure for this purchase can be found here. 0.95% of the stock is owned by corporate insiders.

F has been the topic of a number of research reports. Barclays reaffirmed a “hold” rating and issued a $12.00 price target on shares of Ford Motor in a research note on Friday, July 27th. Citigroup dropped their price target on shares of Ford Motor from $10.50 to $9.90 and set a “neutral” rating on the stock in a research note on Monday, September 10th. Morgan Stanley downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $14.00 to $10.00 in a research note on Friday, October 19th. Berenberg Bank set a $6.00 target price on shares of Ford Motor and gave the stock a “sell” rating in a research report on Friday. Finally, TheStreet downgraded shares of Ford Motor from a “b-” rating to a “c+” rating in a research report on Monday, August 13th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $11.27.

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About Ford Motor

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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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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