Pitcairn Co. Sells 5,184 Shares of Ford Motor (NYSE:F)

Pitcairn Co. trimmed its holdings in Ford Motor (NYSE:F) by 9.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 52,189 shares of the auto manufacturer’s stock after selling 5,184 shares during the quarter. Pitcairn Co.’s holdings in Ford Motor were worth $551,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. ING Groep NV grew its stake in Ford Motor by 93.4% in the 3rd quarter. ING Groep NV now owns 1,181,128 shares of the auto manufacturer’s stock worth $12,473,000 after acquiring an additional 570,293 shares in the last quarter. OneAscent Financial Services LLC bought a new position in Ford Motor in the third quarter worth approximately $545,000. GSA Capital Partners LLP grew its stake in Ford Motor by 20.8% in the third quarter. GSA Capital Partners LLP now owns 91,278 shares of the auto manufacturer’s stock worth $964,000 after purchasing an additional 15,729 shares in the last quarter. Czech National Bank increased its holdings in Ford Motor by 6.5% during the 3rd quarter. Czech National Bank now owns 795,732 shares of the auto manufacturer’s stock worth $8,403,000 after purchasing an additional 48,456 shares during the period. Finally, Meridian Wealth Management LLC bought a new stake in Ford Motor during the 3rd quarter valued at $938,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Trading Up 2.0 %

Shares of NYSE:F opened at $11.40 on Tuesday. The business’s 50-day moving average is $10.84 and its 200 day moving average is $11.45. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98. Ford Motor has a 1 year low of $9.49 and a 1 year high of $14.85. The firm has a market capitalization of $45.31 billion, a P/E ratio of 12.95, a P/E/G ratio of 2.04 and a beta of 1.62.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. The firm had revenue of $46.20 billion for the quarter, compared to the consensus estimate of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.39 earnings per share. On average, research analysts predict that Ford Motor will post 1.81 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.60 annualized dividend and a dividend yield of 5.26%. Ford Motor’s payout ratio is currently 68.18%.

Wall Street Analyst Weigh In

F has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft dropped their price target on Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Wednesday, October 30th. Wells Fargo & Company cut their target price on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 10th. Wolfe Research initiated coverage on shares of Ford Motor in a research report on Thursday, September 5th. They issued a “peer perform” rating for the company. Morgan Stanley lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $16.00 to $12.00 in a report on Wednesday, September 25th. Finally, StockNews.com upgraded Ford Motor from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $12.02.

About Ford Motor

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.