Ford Motor (NYSE:F) Shares Sold by Pure Financial Advisors LLC

Pure Financial Advisors LLC reduced its position in Ford Motor (NYSE:F) by 31.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,106 shares of the auto manufacturer’s stock after selling 6,969 shares during the quarter. Pure Financial Advisors LLC’s holdings in Ford Motor were worth $189,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in F. Pinnacle Associates Ltd. raised its holdings in shares of Ford Motor by 2.6% in the first quarter. Pinnacle Associates Ltd. now owns 32,527 shares of the auto manufacturer’s stock worth $432,000 after acquiring an additional 817 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of Ford Motor by 29.8% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 3,604 shares of the auto manufacturer’s stock worth $44,000 after acquiring an additional 828 shares during the last quarter. Legacy Wealth Asset Management LLC raised its holdings in shares of Ford Motor by 1.7% in the first quarter. Legacy Wealth Asset Management LLC now owns 48,916 shares of the auto manufacturer’s stock worth $650,000 after acquiring an additional 836 shares during the last quarter. First United Bank & Trust raised its holdings in shares of Ford Motor by 5.4% in the fourth quarter. First United Bank & Trust now owns 16,486 shares of the auto manufacturer’s stock worth $201,000 after acquiring an additional 850 shares during the last quarter. Finally, Lee Financial Co raised its holdings in shares of Ford Motor by 3.6% in the fourth quarter. Lee Financial Co now owns 24,836 shares of the auto manufacturer’s stock worth $303,000 after acquiring an additional 854 shares during the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Trading Up 0.5 %

NYSE:F traded up $0.05 on Friday, hitting $10.51. 34,142,630 shares of the stock were exchanged, compared to its average volume of 54,972,461. Ford Motor has a fifty-two week low of $9.49 and a fifty-two week high of $14.85. The stock has a fifty day moving average of $12.02 and a 200-day moving average of $12.29. 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 stock has a market cap of $41.96 billion, a PE ratio of 10.84, a PEG ratio of 0.75 and a beta of 1.62.

Ford Motor (NYSE:F) last issued its 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 return on equity of 15.28% and a net margin of 2.13%. The company had revenue of $47.81 billion during the quarter, compared to analysts’ expectations of $47.79 billion. During the same period in the previous year, the company earned $0.72 EPS. Ford Motor’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, equities analysts expect that Ford Motor will post 1.94 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 7th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.71%. The ex-dividend date of this dividend is Wednesday, August 7th. Ford Motor’s payout ratio is 61.86%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. UBS Group upped their target price on Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Sanford C. Bernstein assumed coverage on Ford Motor in a research note on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 target price for the company. The Goldman Sachs Group dropped their target price on Ford Motor from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, July 25th. Evercore ISI upgraded Ford Motor to a “hold” rating in a research note on Friday, July 26th. Finally, Barclays dropped their target price on Ford Motor from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $13.48.

Insider Transactions at Ford Motor

In other Ford Motor news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $12.09, for a total transaction of $982,119.06. Following the transaction, the director now owns 168,601 shares of the company’s stock, valued at approximately $2,038,386.09. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.80% of the company’s stock.

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.