Wealth Alliance Decreases Position in Ford Motor (NYSE:F)

Wealth Alliance decreased its position in Ford Motor (NYSE:F) by 10.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,169 shares of the auto manufacturer’s stock after selling 1,987 shares during the period. Wealth Alliance’s holdings in Ford Motor were worth $215,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Fisher Asset Management LLC lifted its stake in shares of Ford Motor by 6.3% during the 4th quarter. Fisher Asset Management LLC now owns 59,150,709 shares of the auto manufacturer’s stock valued at $721,047,000 after buying an additional 3,521,520 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Ford Motor by 27.4% during the second quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock worth $453,732,000 after acquiring an additional 7,793,944 shares in the last quarter. LSV Asset Management boosted its holdings in shares of Ford Motor by 1.6% in the second quarter. LSV Asset Management now owns 20,115,487 shares of the auto manufacturer’s stock worth $252,248,000 after acquiring an additional 312,496 shares during the period. Jacobs Levy Equity Management Inc. grew its position in shares of Ford Motor by 11.0% in the first quarter. Jacobs Levy Equity Management Inc. now owns 12,290,204 shares of the auto manufacturer’s stock valued at $163,214,000 after purchasing an additional 1,214,640 shares in the last quarter. Finally, Coatue Management LLC bought a new stake in shares of Ford Motor during the 4th quarter valued at $149,152,000. 58.74% of the stock is owned by institutional investors.

Ford Motor Stock Performance

NYSE:F opened at $10.85 on Friday. The company has a market capitalization of $43.32 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 0.76 and a beta of 1.62. The business has a 50 day moving average of $11.23 and a 200 day moving average of $12.04. 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 has a 1-year low of $9.49 and a 1-year high of $14.85.

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

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 7th were paid a dividend of $0.15 per share. The ex-dividend date was Wednesday, August 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.53%. Ford Motor’s dividend payout ratio (DPR) is currently 61.86%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on F shares. Royal Bank of Canada reduced their target price on Ford Motor from $13.00 to $10.00 and set a “sector perform” rating for the company in a report on Monday, August 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $11.00 target price on shares of Ford Motor in a report on Tuesday, September 10th. Morgan Stanley restated an “overweight” rating and set a $16.00 price target on shares of Ford Motor in a research report on Thursday, September 12th. Barclays lowered their price objective on Ford Motor from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Finally, Evercore ISI upgraded Ford Motor to a “hold” rating in a research report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Ford Motor has a consensus rating of “Hold” and an average target price of $12.95.

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.