Colony Group LLC decreased its holdings in Ford Motor (NYSE:F) by 37.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,161 shares of the auto manufacturer’s stock after selling 13,781 shares during the quarter. Colony Group LLC’s holdings in Ford Motor were worth $212,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of F. Nuveen Asset Management LLC raised its stake in Ford Motor by 6,936.1% in the 2nd quarter. Nuveen Asset Management LLC now owns 25,628,550 shares of the auto manufacturer’s stock worth $262,181,000 after acquiring an additional 25,264,307 shares during the last quarter. Prudential Financial Inc. raised its stake in Ford Motor by 234.5% in the 2nd quarter. Prudential Financial Inc. now owns 19,187,024 shares of the auto manufacturer’s stock worth $196,283,000 after acquiring an additional 13,450,400 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Ford Motor in the 2nd quarter worth $99,934,000. Pictet Asset Management Ltd. raised its stake in Ford Motor by 151.3% in the 2nd quarter. Pictet Asset Management Ltd. now owns 1,741,015 shares of the auto manufacturer’s stock worth $17,811,000 after acquiring an additional 5,137,800 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Ford Motor by 19.7% in the 2nd quarter. Invesco Ltd. now owns 30,504,964 shares of the auto manufacturer’s stock worth $312,066,000 after acquiring an additional 5,021,901 shares during the last quarter. Institutional investors own 53.51% of the company’s stock.
NYSE F opened at $9.01 on Tuesday. The stock has a 50-day simple moving average of $8.93 and a two-hundred day simple moving average of $9.41. The firm has a market capitalization of $35.72 billion, a P/E ratio of 6.93, a PEG ratio of 1.01 and a beta of 1.09. Ford Motor has a fifty-two week low of $7.41 and a fifty-two week high of $10.56. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.04 and a current ratio of 1.17.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, October 22nd were paid a $0.15 dividend. The ex-dividend date was Monday, October 21st. This represents a $0.60 annualized dividend and a dividend yield of 6.66%. Ford Motor’s dividend payout ratio is presently 46.15%.
In related news, CEO James P. Hackett sold 20,000 shares of Ford Motor stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $8.54, for a total value of $170,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider James D. Farley, Jr. sold 45,000 shares of Ford Motor stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $9.19, for a total value of $413,550.00. Following the completion of the transaction, the insider now owns 496,753 shares of the company’s stock, valued at approximately $4,565,160.07. The disclosure for this sale can be found here. In the last 90 days, insiders sold 85,000 shares of company stock valued at $763,350. 0.83% of the stock is owned by company insiders.
A number of research firms have weighed in on F. Deutsche Bank lowered Ford Motor from a “buy” rating to a “hold” rating and reduced their price objective for the company from $12.00 to $11.00 in a research note on Thursday, October 24th. Bank of America lowered Ford Motor to a “buy” rating and set a $13.00 price objective for the company. in a research note on Tuesday, September 10th. ValuEngine upgraded Ford Motor from a “sell” rating to a “hold” rating in a research note on Tuesday. Credit Suisse Group reiterated an “outperform” rating on shares of Ford Motor in a research note on Tuesday, November 19th. Finally, Morgan Stanley reiterated a “buy” rating and set a $12.00 price objective on shares of Ford Motor in a research note on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $10.69.
Ford Motor Company Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.
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