Legacy Financial Advisors Inc. Sells 1,352 Shares of Ford Motor (NYSE:F)

Legacy Financial Advisors Inc. trimmed its position in Ford Motor (NYSE:F) by 3.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,500 shares of the auto manufacturer’s stock after selling 1,352 shares during the period. Legacy Financial Advisors Inc.’s holdings in Ford Motor were worth $533,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in F. Coatue Management LLC acquired a new position in shares of Ford Motor during the fourth quarter valued at about $149,152,000. Dimensional Fund Advisors LP boosted its stake in Ford Motor by 27.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock valued at $453,732,000 after purchasing an additional 7,793,944 shares during the last quarter. Fisher Asset Management LLC increased its holdings in 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 worth $721,047,000 after purchasing an additional 3,521,520 shares in the last quarter. Natixis lifted its holdings in shares of Ford Motor by 1,930.4% in the first quarter. Natixis now owns 2,174,316 shares of the auto manufacturer’s stock valued at $28,875,000 after purchasing an additional 2,067,226 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. purchased a new position in shares of Ford Motor during the first quarter valued at approximately $21,111,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on F shares. Wells Fargo & Company lowered their price target on Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Tuesday, September 10th. StockNews.com raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Evercore ISI raised shares of Ford Motor to a “hold” rating in a research report on Friday, July 26th. Wolfe Research assumed coverage on shares of Ford Motor in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $11.00 target price on shares of Ford Motor in a report on Tuesday, September 10th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $12.95.

Ford Motor Stock Performance

Ford Motor stock opened at $10.88 on Friday. Ford Motor has a 1-year low of $9.49 and a 1-year high of $14.85. The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 2.30. The firm has a market capitalization of $43.44 billion, a PE ratio of 11.22, a price-to-earnings-growth ratio of 0.76 and a beta of 1.62. The firm’s 50 day simple moving average is $11.23 and its 200 day simple moving average is $12.04.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share (EPS) 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 analysts’ expectations of $47.79 billion. During the same quarter last year, the business posted $0.72 EPS. The company’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, analysts expect that Ford Motor will post 1.88 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 7th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.51%. The ex-dividend date was Wednesday, August 7th. Ford Motor’s payout ratio is 61.86%.

About Ford Motor

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.