Occidental Asset Management LLC Lowers Holdings in Ford Motor (NYSE:F)

Occidental Asset Management LLC trimmed its position in shares of Ford Motor (NYSE:F) by 3.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 46,394 shares of the auto manufacturer’s stock after selling 1,521 shares during the quarter. Occidental Asset Management LLC’s holdings in Ford Motor were worth $490,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of F. Dimensional Fund Advisors LP increased its holdings in shares of Ford Motor by 27.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock worth $453,732,000 after purchasing an additional 7,793,944 shares in the last quarter. Legal & General Group Plc increased its holdings in Ford Motor by 1.0% in the 2nd quarter. Legal & General Group Plc now owns 31,823,353 shares of the auto manufacturer’s stock worth $399,066,000 after buying an additional 318,715 shares in the last quarter. LSV Asset Management raised its position 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 worth $252,248,000 after buying an additional 312,496 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in Ford Motor by 11.0% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 12,290,204 shares of the auto manufacturer’s stock valued at $163,214,000 after acquiring an additional 1,214,640 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Ford Motor by 0.5% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,375,847 shares of the auto manufacturer’s stock valued at $124,511,000 after acquiring an additional 51,035 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

F has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $11.00 price objective on shares of Ford Motor in a report on Tuesday, September 10th. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and increased their price target for the company from $12.00 to $13.00 in a report on Tuesday, October 1st. Barclays cut their price objective on Ford Motor from $16.00 to $14.00 and set an “overweight” rating for the company in a report on Tuesday. Morgan Stanley downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $16.00 to $12.00 in a report on Wednesday, September 25th. Finally, Wolfe Research assumed coverage on Ford Motor in a research note on Thursday, September 5th. They set a “peer perform” rating for the company. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $12.56.

Ford Motor Trading Down 0.7 %

Shares of Ford Motor stock opened at $10.84 on Wednesday. Ford Motor has a fifty-two week low of $9.49 and a fifty-two week high of $14.85. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.00 and a current ratio of 1.17. The company has a market capitalization of $43.28 billion, a P/E ratio of 11.18, a P/E/G ratio of 0.77 and a beta of 1.62. The company has a fifty day moving average of $10.68 and a 200 day moving average of $11.81.

Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The business had revenue of $47.81 billion during the quarter, compared to the consensus estimate of $47.79 billion. During the same period last year, the company earned $0.72 EPS. The business’s revenue was up 6.3% on a year-over-year basis. On average, sell-side analysts anticipate that Ford Motor will post 1.88 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 7th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.54%. The ex-dividend date of this dividend was Wednesday, August 7th. Ford Motor’s payout ratio is currently 61.86%.

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.