Ford Motor (NYSE:F) Position Reduced by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC trimmed its position in Ford Motor (NYSE:F) by 15.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,373 shares of the auto manufacturer’s stock after selling 5,975 shares during the period. Transcend Capital Advisors LLC’s holdings in Ford Motor were worth $418,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Oak Thistle LLC acquired a new stake in Ford Motor during the fourth quarter valued at approximately $195,000. Trust Point Inc. bought a new stake in shares of Ford Motor during the 4th quarter worth $357,000. International Assets Investment Management LLC boosted its stake in shares of Ford Motor by 1,084.8% during the 4th quarter. International Assets Investment Management LLC now owns 2,696,966 shares of the auto manufacturer’s stock worth $32,876,000 after acquiring an additional 2,469,344 shares in the last quarter. Sowell Financial Services LLC raised its position in shares of Ford Motor by 7.9% during the fourth quarter. Sowell Financial Services LLC now owns 279,994 shares of the auto manufacturer’s stock worth $3,413,000 after purchasing an additional 20,403 shares during the period. Finally, Allworth Financial LP raised its position in shares of Ford Motor by 113.1% during the fourth quarter. Allworth Financial LP now owns 205,373 shares of the auto manufacturer’s stock worth $2,503,000 after purchasing an additional 109,000 shares during the period. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Stock Performance

F traded down $0.66 during trading on Friday, reaching $10.03. 110,703,005 shares of the company’s stock were exchanged, compared to its average volume of 73,132,552. The company has a market capitalization of $39.87 billion, a P/E ratio of 10.34, a PEG ratio of 0.75 and a beta of 1.62. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 2.30. The business has a 50 day moving average price of $12.40 and a 200 day moving average price of $12.38. Ford Motor has a fifty-two week low of $9.63 and a fifty-two week high of $14.85.

Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 2.13% and a return on equity of 15.28%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 earnings per share. As a group, analysts predict that Ford Motor will post 1.94 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 7th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.98%. The ex-dividend date of this dividend is Wednesday, August 7th. Ford Motor’s payout ratio is 61.86%.

Insider Activity

In related news, Director Jon M. Huntsman, Jr. sold 81,234 shares of Ford Motor 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 transaction, the director now directly owns 168,601 shares of the company’s stock, valued at $2,038,386.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on F shares. Evercore ISI upgraded Ford Motor to a “hold” rating in a report on Friday, July 26th. The Goldman Sachs Group reduced their price target on shares of Ford Motor from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, July 25th. Citigroup boosted their price objective on shares of Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. UBS Group upped their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Finally, StockNews.com raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $13.75.

Ford Motor Company 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.