Intech Investment Management LLC Sells 831,619 Shares of Ford Motor (NYSE:F)

Intech Investment Management LLC decreased its stake in shares of Ford Motor (NYSE:F) by 49.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 850,668 shares of the auto manufacturer’s stock after selling 831,619 shares during the period. Intech Investment Management LLC’s holdings in Ford Motor were worth $11,297,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of F. Newport Trust Company LLC increased its stake in shares of Ford Motor by 4.5% during the fourth quarter. Newport Trust Company LLC now owns 155,177,214 shares of the auto manufacturer’s stock worth $1,891,610,000 after purchasing an additional 6,667,808 shares during the period. Charles Schwab Investment Management Inc. increased its position in Ford Motor by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 87,661,675 shares of the auto manufacturer’s stock worth $1,068,596,000 after buying an additional 269,887 shares during the period. Fisher Asset Management LLC increased its position in Ford Motor by 6.3% during the 4th quarter. Fisher Asset Management LLC now owns 59,152,154 shares of the auto manufacturer’s stock worth $721,065,000 after buying an additional 3,522,965 shares during the period. Norges Bank acquired a new stake in shares of Ford Motor during the fourth quarter worth $475,899,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Ford Motor by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 27,314,520 shares of the auto manufacturer’s stock valued at $333,014,000 after acquiring an additional 528,823 shares during the period. 58.74% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $12.09, for a total value of $982,119.06. Following the completion of the sale, the director now owns 168,601 shares of the company’s stock, valued at $2,038,386.09. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.80% of the stock is currently owned by insiders.

Ford Motor Price Performance

Shares of NYSE F traded down $0.57 during midday trading on Friday, reaching $13.98. 75,908,553 shares of the company were exchanged, compared to its average volume of 47,864,536. The stock’s 50-day moving average price is $12.50 and its 200-day moving average price is $12.38. The stock has a market cap of $55.81 billion, a P/E ratio of 14.41, a PEG ratio of 0.90 and a beta of 1.62. The company has a quick ratio of 0.99, a current ratio of 1.17 and a debt-to-equity ratio of 2.32. Ford Motor has a one year low of $9.63 and a one year high of $14.85.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The business had revenue of $42.78 billion for the quarter, compared to analyst estimates of $42.93 billion. During the same quarter in the previous year, the company posted $0.63 EPS. Ford Motor’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Ford Motor will post 2.02 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 8th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.29%. Ford Motor’s dividend payout ratio (DPR) is presently 61.86%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Sanford C. Bernstein assumed coverage on shares of Ford Motor in a report on Thursday, May 23rd. They set an “outperform” rating and a $16.00 target price on the stock. Citigroup lifted their price objective on Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Barclays increased their target price on Ford Motor from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Royal Bank of Canada boosted their price target on Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a research note on Thursday, April 25th. Finally, UBS Group increased their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $14.18.

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.