Baron Wealth Management LLC Sells 50,823 Shares of Ford Motor Company $F

Baron Wealth Management LLC lessened its position in Ford Motor Company (NYSE:F) by 46.3% during the first quarter, Holdings Channel reports. The institutional investor owned 58,916 shares of the auto manufacturer’s stock after selling 50,823 shares during the quarter. Baron Wealth Management LLC’s holdings in Ford Motor were worth $680,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Ford Motor in the 4th quarter valued at about $674,437,000. DLD Asset Management LP acquired a new stake in shares of Ford Motor in the third quarter valued at about $299,000,000. Marshall Wace LLP raised its holdings in Ford Motor by 81.1% during the third quarter. Marshall Wace LLP now owns 35,438,722 shares of the auto manufacturer’s stock worth $423,847,000 after acquiring an additional 15,866,285 shares in the last quarter. AQR Capital Management LLC raised its holdings in Ford Motor by 610.1% during the fourth quarter. AQR Capital Management LLC now owns 11,177,304 shares of the auto manufacturer’s stock worth $146,646,000 after acquiring an additional 9,603,267 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Ford Motor by 26.9% during 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 purchasing an additional 8,086,564 shares during the last quarter. Institutional investors own 58.74% of the company’s stock.

Ford Motor Trading Down 0.1%

Shares of NYSE:F opened at $14.04 on Friday. Ford Motor Company has a 52-week low of $10.42 and a 52-week high of $17.78. The company has a market capitalization of $55.96 billion, a P/E ratio of -9.06, a price-to-earnings-growth ratio of 0.31 and a beta of 1.79. The company has a 50-day simple moving average of $13.71 and a 200 day simple moving average of $13.33. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.94 and a current ratio of 1.09.

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

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Tuesday, May 12th. Ford Motor’s payout ratio is currently -38.71%.

Analysts Set New Price Targets

F has been the subject of a number of analyst reports. Royal Bank Of Canada restated a “sector perform” rating and issued a $13.00 price target on shares of Ford Motor in a research note on Friday, May 15th. Bank of America upped their price objective on Ford Motor from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Morgan Stanley reissued an “equal weight” rating and issued a $14.00 price objective on shares of Ford Motor in a report on Wednesday, May 13th. Citigroup raised their target price on shares of Ford Motor from $13.00 to $19.00 and gave the company a “neutral” rating in a research note on Monday, June 1st. Finally, Wall Street Zen raised shares of Ford Motor from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ford Motor has an average rating of “Hold” and an average price target of $14.63.

Ford Motor Company Profile

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.