Forsta AP Fonden Trims Position in Ford Motor (NYSE:F)

Forsta AP Fonden trimmed its position in Ford Motor (NYSE:F) by 4.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 808,000 shares of the auto manufacturer’s stock after selling 36,700 shares during the period. Forsta AP Fonden’s holdings in Ford Motor were worth $10,132,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Olistico Wealth LLC bought a new position in shares of Ford Motor in the 2nd quarter worth approximately $25,000. Financial Synergies Wealth Advisors Inc. boosted its stake in shares of Ford Motor by 1,997.9% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock worth $27,000 after acquiring an additional 1,938 shares during the last quarter. Family Firm Inc. bought a new stake in shares of Ford Motor during the 2nd quarter valued at $26,000. Fortis Group Advisors LLC increased its stake in shares of Ford Motor by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock worth $26,000 after purchasing an additional 1,086 shares in the last quarter. Finally, Voisard Asset Management Group Inc. purchased a new stake in Ford Motor in the fourth quarter worth about $27,000. 58.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on F. The Goldman Sachs Group cut their price objective on Ford Motor from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, July 25th. StockNews.com upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Sanford C. Bernstein assumed coverage on shares of Ford Motor in a research report on Thursday, May 23rd. They set an “outperform” rating and a $16.00 price objective on the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $16.00 target price on shares of Ford Motor in a report on Thursday. Finally, Evercore ISI upgraded Ford Motor to a “hold” rating in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $12.95.

Ford Motor Stock Performance

NYSE F opened at $10.69 on Friday. The stock has a market capitalization of $42.50 billion, a PE ratio of 11.02, a P/E/G ratio of 0.76 and a beta of 1.62. Ford Motor has a 1-year low of $9.49 and a 1-year high of $14.85. The business has a 50 day simple moving average of $11.47 and a two-hundred day simple moving average of $12.09. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.17 and a quick ratio of 1.00.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.21). The business had revenue of $47.81 billion during the quarter, compared to the consensus estimate of $47.79 billion. Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.72 EPS. On average, research analysts predict that Ford Motor will post 1.88 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 7th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.61%. The ex-dividend date of this dividend was Wednesday, August 7th. Ford Motor’s dividend payout ratio is 61.86%.

Ford Motor Company 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.