Greenwich Wealth Management LLC Decreases Stock Holdings in Ford Motor (NYSE:F)

Greenwich Wealth Management LLC decreased its stake in shares of Ford Motor (NYSE:F) by 1.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 305,185 shares of the auto manufacturer’s stock after selling 5,610 shares during the quarter. Greenwich Wealth Management LLC’s holdings in Ford Motor were worth $3,827,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of F. Newport Trust Company LLC increased its stake in Ford Motor by 4.5% during 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 acquiring an additional 6,667,808 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Ford Motor by 6.3% during the 4th quarter. Fisher Asset Management LLC now owns 59,150,709 shares of the auto manufacturer’s stock worth $721,047,000 after purchasing an additional 3,521,520 shares during the period. Norges Bank acquired a new stake in shares of Ford Motor during the 4th quarter worth about $475,899,000. LSV Asset Management raised its holdings in Ford Motor by 1.6% in the 2nd quarter. LSV Asset Management now owns 20,115,487 shares of the auto manufacturer’s stock valued at $252,248,000 after buying an additional 312,496 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its position in Ford Motor by 11.0% in the first quarter. Jacobs Levy Equity Management Inc. now owns 12,290,204 shares of the auto manufacturer’s stock valued at $163,214,000 after buying an additional 1,214,640 shares during the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on F shares. Royal Bank of Canada dropped their price target on shares of Ford Motor from $13.00 to $10.00 and set a “sector perform” rating for the company in a research report on Monday, August 12th. Morgan Stanley restated an “overweight” rating and set a $16.00 price target on shares of Ford Motor in a research note on Thursday. Sanford C. Bernstein began coverage on Ford Motor in a report on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 price objective on the stock. The Goldman Sachs Group cut their price target on shares of Ford Motor from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, July 25th. Finally, Evercore ISI raised shares of Ford Motor to a “hold” rating in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $12.95.

Ford Motor Stock Performance

Shares of Ford Motor stock opened at $10.69 on Monday. The firm has a market capitalization of $42.50 billion, a P/E ratio of 11.02, a P/E/G ratio of 0.76 and a beta of 1.62. 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 has a 52 week low of $9.49 and a 52 week high of $14.85. The firm’s 50 day moving average is $11.47 and its two-hundred day moving average is $12.09.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.21). The company had revenue of $47.81 billion for the quarter, compared to analyst estimates of $47.79 billion. Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. Ford Motor’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.72 earnings per share. Research analysts forecast that Ford Motor will post 1.88 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Wednesday, August 7th were given a $0.15 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $0.60 annualized dividend and a yield of 5.61%. Ford Motor’s dividend payout ratio (DPR) is 61.86%.

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.