Dowling & Yahnke LLC lessened its holdings in Ford Motor (NYSE:F) by 42.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 40,529 shares of the auto manufacturer’s stock after selling 30,070 shares during the quarter. Dowling & Yahnke LLC’s holdings in Ford Motor were worth $375,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of F. Whittier Trust Co. lifted its holdings in shares of Ford Motor by 2,702.6% during the second quarter. Whittier Trust Co. now owns 380,564 shares of the auto manufacturer’s stock worth $6,557,000 after purchasing an additional 366,985 shares during the period. Kiley Juergens Wealth Management LLC lifted its holdings in shares of Ford Motor by 96.2% during the third quarter. Kiley Juergens Wealth Management LLC now owns 18,047 shares of the auto manufacturer’s stock worth $166,000 after purchasing an additional 8,850 shares during the period. Van ECK Associates Corp acquired a new stake in shares of Ford Motor during the second quarter worth about $678,000. Putnam Investments LLC lifted its holdings in shares of Ford Motor by 444.1% during the second quarter. Putnam Investments LLC now owns 3,473,537 shares of the auto manufacturer’s stock worth $38,452,000 after purchasing an additional 2,835,131 shares during the period. Finally, Gradient Investments LLC lifted its holdings in shares of Ford Motor by 63.9% during the third quarter. Gradient Investments LLC now owns 16,354 shares of the auto manufacturer’s stock worth $151,000 after purchasing an additional 6,376 shares during the period. 54.09% of the stock is owned by institutional investors and hedge funds.
Shares of F stock opened at $9.55 on Thursday. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.21 and a quick ratio of 1.08. The company has a market cap of $37.59 billion, a P/E ratio of 5.37, a P/E/G ratio of 1.33 and a beta of 0.86. Ford Motor has a twelve month low of $8.17 and a twelve month high of $13.48.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Tuesday, October 23rd will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.28%. The ex-dividend date of this dividend is Monday, October 22nd. Ford Motor’s dividend payout ratio (DPR) is presently 33.71%.
In other news, Director Ray T. Charley purchased 4,000 shares of the company’s stock in a transaction that occurred on Monday, October 29th. The stock was purchased at an average cost of $12.90 per share, for a total transaction of $51,600.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Steven R. Armstrong sold 13,000 shares of the business’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $9.54, for a total value of $124,020.00. Following the sale, the vice president now owns 94,527 shares of the company’s stock, valued at $901,787.58. The disclosure for this sale can be found here. 0.95% of the stock is owned by insiders.
F has been the subject of several recent research reports. Jefferies Financial Group reiterated a “buy” rating and set a $13.00 price target on shares of Ford Motor in a research report on Friday, October 5th. Nomura reduced their price target on Ford Motor from $9.00 to $8.10 and set a “neutral” rating for the company in a research report on Tuesday. TheStreet cut Ford Motor from a “b-” rating to a “c+” rating in a research report on Monday, August 13th. Zacks Investment Research cut Ford Motor from a “hold” rating to a “sell” rating in a research report on Tuesday, July 17th. Finally, ValuEngine upgraded Ford Motor from a “strong sell” rating to a “sell” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $11.58.
About Ford Motor
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles; and Lincoln luxury vehicles worldwide. Its Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental car companies, and governments.
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