Ford Motor (NYSE:F) Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC decreased its position in shares of Ford Motor (NYSE:F) by 15.3% during the second quarter, Holdings Channel.com reports. The firm owned 33,066,188 shares of the auto manufacturer’s stock after selling 5,957,512 shares during the period. Ford Motor comprises 1.8% of Pzena Investment Management LLC’s investment portfolio, making the stock its 24th biggest holding. Pzena Investment Management LLC’s holdings in Ford Motor were worth $338,267,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of F. Motco grew its stake in Ford Motor by 1,162.6% during the 1st quarter. Motco now owns 2,904 shares of the auto manufacturer’s stock valued at $25,000 after purchasing an additional 2,674 shares in the last quarter. JNBA Financial Advisors raised its holdings in Ford Motor by 100.0% in the 1st quarter. JNBA Financial Advisors now owns 3,000 shares of the auto manufacturer’s stock valued at $26,000 after acquiring an additional 1,500 shares in the last quarter. Berman Capital Advisors LLC raised its holdings in Ford Motor by 46.6% in the 1st quarter. Berman Capital Advisors LLC now owns 3,553 shares of the auto manufacturer’s stock valued at $31,000 after acquiring an additional 1,130 shares in the last quarter. West Oak Capital LLC raised its holdings in Ford Motor by 46.3% in the 2nd quarter. West Oak Capital LLC now owns 3,579 shares of the auto manufacturer’s stock valued at $37,000 after acquiring an additional 1,132 shares in the last quarter. Finally, Cornerstone Advisors Inc. raised its holdings in Ford Motor by 38.2% in the 1st quarter. Cornerstone Advisors Inc. now owns 3,802 shares of the auto manufacturer’s stock valued at $33,000 after acquiring an additional 1,051 shares in the last quarter. 52.11% of the stock is currently owned by institutional investors and hedge funds.

NYSE F traded up $0.11 during trading hours on Friday, reaching $8.97. 653,636 shares of the company’s stock were exchanged, compared to its average volume of 46,558,152. The stock has a market cap of $36.95 billion, a PE ratio of 6.91, a price-to-earnings-growth ratio of 0.99 and a beta of 1.13. Ford Motor has a one year low of $7.41 and a one year high of $10.56. The firm has a fifty day moving average of $9.87 and a 200-day moving average of $9.47. The company has a current ratio of 1.20, a quick ratio of 1.08 and a debt-to-equity ratio of 2.86.



Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, July 24th. The auto manufacturer reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.02. The business had revenue of $35.91 billion for the quarter, compared to analyst estimates of $35.21 billion. Ford Motor had a return on equity of 14.92% and a net margin of 1.37%. Ford Motor’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the prior year, the company earned $0.27 EPS. As a group, research analysts forecast that Ford Motor will post 1.29 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Tuesday, July 23rd will be given a dividend of $0.15 per share. The ex-dividend date is Monday, July 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 6.69%. Ford Motor’s dividend payout ratio (DPR) is presently 46.15%.

In other Ford Motor news, insider Kiersten Robinson sold 15,000 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $10.50, for a total value of $157,500.00. Following the transaction, the insider now owns 51,027 shares in the company, valued at $535,783.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman William Clay Ford, Jr. bought 840,962 shares of the stock in a transaction on Thursday, August 1st. The stock was purchased at an average price of $9.51 per share, for a total transaction of $7,997,548.62. Following the purchase, the chairman now directly owns 1,100,617 shares of the company’s stock, valued at $10,466,867.67. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 861,162 shares of company stock worth $8,193,611 and have sold 115,000 shares worth $1,137,650. 0.83% of the stock is owned by corporate insiders.

Several research firms have recently weighed in on F. Royal Bank of Canada reiterated a “neutral” rating and issued a $10.50 price objective on shares of Ford Motor in a research note on Thursday, July 25th. Credit Suisse Group began coverage on Ford Motor in a research note on Wednesday, June 26th. They issued an “outperform” rating and a $13.00 price objective on the stock. Zacks Investment Research upgraded Ford Motor from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective on the stock in a research note on Tuesday, April 30th. Morgan Stanley upgraded Ford Motor from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $10.00 to $12.00 in a research note on Tuesday, August 6th. Finally, TheStreet lowered Ford Motor from a “b-” rating to a “c” rating in a research note on Friday, July 26th. Four analysts have rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Ford Motor has an average rating of “Hold” and a consensus price target of $10.48.

About Ford Motor

Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.

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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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