Ford Motor (NYSE:F) Shares Sold by Sugarloaf Wealth Management LLC

Sugarloaf Wealth Management LLC reduced its holdings in shares of Ford Motor (NYSE:F) by 14.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 11,396 shares of the auto manufacturer’s stock after selling 1,971 shares during the period. Sugarloaf Wealth Management LLC’s holdings in Ford Motor were worth $120,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Fisher Asset Management LLC lifted its holdings in shares of Ford Motor by 6.3% during the fourth 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 during the period. Dimensional Fund Advisors LP raised its position 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 worth $453,732,000 after buying an additional 7,793,944 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Ford Motor by 1.0% in the 2nd quarter. Legal & General Group Plc now owns 31,823,353 shares of the auto manufacturer’s stock worth $399,066,000 after acquiring an additional 318,715 shares during the period. 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 valued at $252,248,000 after acquiring an additional 312,496 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of Ford Motor by 11.0% during the first quarter. Jacobs Levy Equity Management Inc. now owns 12,290,204 shares of the auto manufacturer’s stock worth $163,214,000 after acquiring an additional 1,214,640 shares during the period. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on F shares. Barclays reduced their price objective on shares of Ford Motor from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Wolfe Research initiated coverage on Ford Motor in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. StockNews.com raised Ford Motor from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Royal Bank of Canada cut their price objective on Ford Motor from $13.00 to $10.00 and set a “sector perform” rating for the company in a research report on Monday, August 12th. Finally, The Goldman Sachs Group upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $12.00 to $13.00 in a research report on Tuesday, October 1st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $12.72.

Ford Motor Stock Performance

Shares of F opened at $10.50 on Wednesday. Ford Motor has a 12-month low of $9.49 and a 12-month high of $14.85. The stock has a market cap of $41.92 billion, a P/E ratio of 10.82, a PEG ratio of 0.79 and a beta of 1.62. 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 company has a 50-day moving average of $10.63 and a two-hundred day moving average of $11.90.

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 the consensus estimate of $0.68 by ($0.21). The company had revenue of $47.81 billion for the quarter, compared to analyst estimates 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 earned $0.72 earnings per share. As a group, research analysts predict that Ford Motor will post 1.88 EPS for the current fiscal year.

Ford Motor Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date of this dividend was Wednesday, August 7th. Ford Motor’s payout ratio is currently 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.