Ford Motor Company $F Shares Sold by Equitable Holdings Inc.

Equitable Holdings Inc. trimmed its position in Ford Motor Company (NYSE:F) by 26.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,118 shares of the auto manufacturer’s stock after selling 40,611 shares during the period. Equitable Holdings Inc.’s holdings in Ford Motor were worth $1,558,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of F. Caxton Associates LLP acquired a new position in shares of Ford Motor during the first quarter worth about $304,000. Empowered Funds LLC lifted its position in Ford Motor by 41.6% in the first quarter. Empowered Funds LLC now owns 147,760 shares of the auto manufacturer’s stock valued at $1,482,000 after purchasing an additional 43,385 shares during the period. Jump Financial LLC purchased a new stake in Ford Motor in the 2nd quarter valued at approximately $172,000. NewEdge Advisors LLC boosted its holdings in Ford Motor by 26.3% in the 2nd quarter. NewEdge Advisors LLC now owns 267,895 shares of the auto manufacturer’s stock valued at $2,907,000 after purchasing an additional 55,741 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its position in Ford Motor by 1.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 1,823,614 shares of the auto manufacturer’s stock worth $19,786,000 after purchasing an additional 26,526 shares during the period. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Stock Performance

NYSE F opened at $13.89 on Friday. The business has a 50 day moving average price of $14.09 and a 200 day moving average price of $13.52. The company has a market capitalization of $55.39 billion, a P/E ratio of -7.43, a PEG ratio of 0.29 and a beta of 1.82. Ford Motor Company has a 1-year low of $11.11 and a 1-year high of $17.78. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.09 and a quick ratio of 0.93.

Ford Motor (NYSE:F) last posted its earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.09. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.The company had revenue of $48.30 billion for the quarter, compared to analyst estimates of $47.24 billion. During the same quarter in the prior year, the company earned $0.37 earnings per share. Ford Motor’s revenue was down 3.8% compared to the same quarter last year. Sell-side analysts expect that Ford Motor Company will post 1.86 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, August 11th. Ford Motor’s dividend payout ratio is presently -32.09%.

Analysts Set New Price Targets

Several analysts have recently commented on F shares. Royal Bank Of Canada raised their price target on Ford Motor from $13.00 to $15.00 and gave the company a “sector perform” rating in a report on Wednesday, July 29th. DZ Bank upgraded Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 price objective for the company in a research report on Friday, July 31st. Piper Sandler boosted their target price on shares of Ford Motor from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Zacks Research lowered shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Finally, TD Cowen upped their price target on shares of Ford Motor from $13.00 to $15.00 and gave the stock a “hold” rating in a research note on Wednesday, July 29th. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $15.68.

About Ford Motor

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.