Wealth Enhancement Advisory Services LLC Sells 18,868 Shares of Ford Motor (NYSE:F)

Wealth Enhancement Advisory Services LLC lowered its stake in shares of Ford Motor (NYSE:F) by 0.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,327,697 shares of the auto manufacturer’s stock after selling 18,868 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.08% of Ford Motor worth $41,729,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of F. Price T Rowe Associates Inc. MD lifted its holdings in Ford Motor by 1.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,349,276 shares of the auto manufacturer’s stock valued at $71,039,000 after purchasing an additional 59,082 shares during the last quarter. Cerity Partners LLC lifted its stake in shares of Ford Motor by 287.4% during the 4th quarter. Cerity Partners LLC now owns 606,057 shares of the auto manufacturer’s stock valued at $7,388,000 after buying an additional 449,604 shares in the last quarter. Wedmont Private Capital boosted its holdings in Ford Motor by 33.1% in the 1st quarter. Wedmont Private Capital now owns 17,124 shares of the auto manufacturer’s stock worth $232,000 after buying an additional 4,255 shares during the period. Hodges Capital Management Inc. grew its stake in Ford Motor by 18.3% in the 1st quarter. Hodges Capital Management Inc. now owns 95,500 shares of the auto manufacturer’s stock valued at $1,268,000 after buying an additional 14,750 shares in the last quarter. Finally, Focus Financial Network Inc. ADV bought a new stake in Ford Motor during the 4th quarter valued at $2,812,000. Institutional investors own 58.74% of the company’s stock.

Ford Motor Trading Down 0.1 %

F stock traded down $0.01 during trading on Wednesday, hitting $10.13. 10,581,319 shares of the company traded hands, compared to its average volume of 55,022,730. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.00 and a current ratio of 1.17. The company has a 50-day moving average of $12.12 and a 200-day moving average of $12.33. The firm has a market capitalization of $40.44 billion, a PE ratio of 10.43, a P/E/G ratio of 0.75 and a beta of 1.62. Ford Motor has a 1 year low of $9.49 and a 1 year high of $14.85.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.21). Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The firm had revenue of $47.81 billion for the quarter, compared to analysts’ expectations of $47.79 billion. During the same period in the previous year, the company earned $0.72 EPS. The company’s quarterly revenue was up 6.3% on a year-over-year basis. Analysts predict that Ford Motor will post 1.94 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Wednesday, August 7th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.92%. Ford Motor’s dividend payout ratio is presently 61.86%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on F. Royal Bank of Canada reduced their target price on Ford Motor from $13.00 to $10.00 and set a “sector perform” rating for the company in a report on Monday. Sanford C. Bernstein initiated coverage on shares of Ford Motor in a research note on Thursday, May 23rd. They set an “outperform” rating and a $16.00 price objective for the company. Citigroup increased their target price on shares of Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Barclays reduced their price target 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. Finally, UBS Group increased their price objective on Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $13.48.

Insider Buying and Selling

In other news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were 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 directly owns 168,601 shares of the company’s stock, valued at approximately $2,038,386.09. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.80% of the stock is currently owned by insiders.

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.