The Manufacturers Life Insurance Company Sells 10,988 Shares of Ford Motor (NYSE:F)

The Manufacturers Life Insurance Company decreased its position in Ford Motor (NYSE:F) by 0.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,371,283 shares of the auto manufacturer’s stock after selling 10,988 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.06% of Ford Motor worth $29,736,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in F. Price T Rowe Associates Inc. MD lifted its holdings in Ford Motor by 1.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,349,276 shares of the auto manufacturer’s stock worth $71,039,000 after acquiring an additional 59,082 shares during the period. Wedmont Private Capital raised its stake in shares of Ford Motor by 33.1% during the 1st quarter. Wedmont Private Capital now owns 17,124 shares of the auto manufacturer’s stock worth $232,000 after purchasing an additional 4,255 shares during the period. Hodges Capital Management Inc. boosted its holdings in shares of Ford Motor by 18.3% in the 1st quarter. Hodges Capital Management Inc. now owns 95,500 shares of the auto manufacturer’s stock worth $1,268,000 after buying an additional 14,750 shares during the last quarter. Park Avenue Securities LLC grew its position in Ford Motor by 9.6% during the first quarter. Park Avenue Securities LLC now owns 155,951 shares of the auto manufacturer’s stock valued at $2,071,000 after buying an additional 13,597 shares during the period. Finally, Fairman Group LLC purchased a new stake in Ford Motor during the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Trading Down 2.0 %

Shares of Ford Motor stock opened at $10.56 on Tuesday. The company’s 50-day moving average price is $10.80 and its 200-day moving average price is $11.97. The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 2.30. Ford Motor has a 12-month low of $9.49 and a 12-month high of $14.85. The company has a market cap of $42.16 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 0.79 and a beta of 1.62.

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

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Wednesday, August 7th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.68%. The ex-dividend date of this dividend was Wednesday, August 7th. Ford Motor’s dividend payout ratio is 61.86%.

Analyst Upgrades and Downgrades

F has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $11.00 target price on shares of Ford Motor in a research note on Tuesday, September 10th. Morgan Stanley downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $16.00 to $12.00 in a research note on Wednesday, September 25th. The Goldman Sachs Group decreased their target price on Ford Motor from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, July 25th. Wolfe Research assumed coverage on Ford Motor in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. Finally, Royal Bank of Canada decreased their price objective 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. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $12.64.

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.