Ford Motor Company $F Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership cut its stake in shares of Ford Motor Company (NYSE:F) by 93.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 944,460 shares of the auto manufacturer’s stock after selling 13,909,268 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Ford Motor were worth $10,247,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in Ford Motor during the 2nd quarter worth about $405,328,000. Geode Capital Management LLC increased its position in shares of Ford Motor by 17.9% in the second quarter. Geode Capital Management LLC now owns 103,784,031 shares of the auto manufacturer’s stock worth $1,122,434,000 after acquiring an additional 15,748,694 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Ford Motor during the first quarter valued at approximately $123,147,000. Bank of New York Mellon Corp lifted its position in shares of Ford Motor by 32.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 29,342,420 shares of the auto manufacturer’s stock valued at $318,365,000 after acquiring an additional 7,238,424 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Ford Motor by 3.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 145,172,134 shares of the auto manufacturer’s stock worth $1,575,118,000 after purchasing an additional 5,118,228 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Price Performance

F opened at $13.07 on Wednesday. The stock has a fifty day moving average price of $12.74 and a 200 day moving average price of $11.76. The company has a current ratio of 1.12, a quick ratio of 0.98 and a debt-to-equity ratio of 2.20. Ford Motor Company has a 1 year low of $8.44 and a 1 year high of $13.97. The stock has a market cap of $52.06 billion, a price-to-earnings ratio of 11.26 and a beta of 1.60.

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 company had revenue of $50.53 billion during the quarter, compared to the consensus estimate of $43.08 billion. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the business earned $0.49 EPS. Analysts forecast that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 7th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Friday, November 7th. Ford Motor’s dividend payout ratio (DPR) is presently 51.72%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on F. Wells Fargo & Company boosted their target price on shares of Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Friday, October 24th. The Goldman Sachs Group lifted their price target on Ford Motor from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, September 29th. JPMorgan Chase & Co. increased their price objective on Ford Motor from $13.00 to $14.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Morgan Stanley lifted their target price on Ford Motor from $11.00 to $14.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, Royal Bank Of Canada upped their target price on Ford Motor from $11.00 to $12.00 and gave the company a “sector perform” rating in a report on Friday, October 24th. Three investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Ford Motor currently has an average rating of “Hold” and a consensus price target of $12.04.

Ford Motor Profile

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.