Highland Capital Management LLC Sells 313,089 Shares of Ford Motor (NYSE:F)

Highland Capital Management LLC lessened its holdings in Ford Motor (NYSE:F) by 93.3% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,386 shares of the auto manufacturer’s stock after selling 313,089 shares during the quarter. Highland Capital Management LLC’s holdings in Ford Motor were worth $281,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Newport Trust Company LLC raised its stake in shares of Ford Motor by 4.5% in the fourth quarter. Newport Trust Company LLC now owns 155,177,214 shares of the auto manufacturer’s stock worth $1,891,610,000 after purchasing an additional 6,667,808 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Ford Motor by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 87,661,675 shares of the auto manufacturer’s stock valued at $1,068,596,000 after acquiring an additional 269,887 shares in the last quarter. Fisher Asset Management LLC raised its position in Ford Motor by 6.3% during the fourth quarter. Fisher Asset Management LLC now owns 59,152,154 shares of the auto manufacturer’s stock valued at $721,065,000 after acquiring an additional 3,522,965 shares in the last quarter. Norges Bank acquired a new stake in Ford Motor in the fourth quarter valued at approximately $475,899,000. Finally, Dimensional Fund Advisors LP grew its holdings in Ford Motor by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 27,314,520 shares of the auto manufacturer’s stock valued at $333,014,000 after purchasing an additional 528,823 shares during the period. Institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Performance

F traded up $0.35 on Friday, hitting $11.27. 64,612,665 shares of the company traded hands, compared to its average volume of 54,735,793. The stock has a market capitalization of $44.99 billion, a PE ratio of 11.62, a PEG ratio of 0.75 and a beta of 1.62. The company has a 50 day moving average of $11.91 and a 200-day moving average of $12.25. Ford Motor has a 12-month low of $9.49 and a 12-month high of $14.85. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 2.30.

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

Ford Motor Dividend Announcement

The firm 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 5.32%. The ex-dividend date is Wednesday, August 7th. Ford Motor’s dividend payout ratio (DPR) is 61.86%.

Wall Street Analyst Weigh In

Several brokerages have commented on F. Barclays lowered their price target on Ford Motor from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Royal Bank of Canada lowered their price target on Ford Motor from $13.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Monday, August 12th. Citigroup lifted their price target on Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Evercore ISI raised Ford Motor to a “hold” rating in a research note on Friday, July 26th. Finally, Sanford C. Bernstein began coverage on Ford Motor in a research note on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Ford Motor presently has an average rating of “Hold” and a consensus price target of $13.48.

Ford Motor 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.