Flippin Bruce & Porter Inc. Trims Holdings in Ford Motor (NYSE:F)

Flippin Bruce & Porter Inc. trimmed its holdings in Ford Motor (NYSE:F) by 1.5% in the 3rd quarter, Holdings Channel reports. The fund owned 752,382 shares of the auto manufacturer’s stock after selling 11,815 shares during the quarter. Flippin Bruce & Porter Inc.’s holdings in Ford Motor were worth $6,892,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Asset Dedication LLC raised its holdings in Ford Motor by 80.2% in the third quarter. Asset Dedication LLC now owns 3,166 shares of the auto manufacturer’s stock worth $29,000 after buying an additional 1,409 shares during the last quarter. Strategic Blueprint LLC bought a new position in shares of Ford Motor in the third quarter worth approximately $30,000. Regal Wealth Group Inc. lifted its stake in shares of Ford Motor by 31.9% in the third quarter. Regal Wealth Group Inc. now owns 4,668 shares of the auto manufacturer’s stock worth $36,000 after buying an additional 1,130 shares in the last quarter. West Oak Capital LLC grew its holdings in shares of Ford Motor by 46.3% during the second quarter. West Oak Capital LLC now owns 3,579 shares of the auto manufacturer’s stock valued at $37,000 after buying an additional 1,132 shares during the last quarter. Finally, Citizens Financial Group Inc RI grew its holdings in shares of Ford Motor by 63.6% during the second quarter. Citizens Financial Group Inc RI now owns 3,601 shares of the auto manufacturer’s stock valued at $37,000 after buying an additional 1,400 shares during the last quarter. 53.79% of the stock is owned by institutional investors.

A number of brokerages recently weighed in on F. Credit Suisse Group lowered shares of Ford Motor to an “outperform” rating and set a $12.00 price objective for the company. in a report on Wednesday, September 11th. Deutsche Bank downgraded Ford Motor from a “buy” rating to a “hold” rating and cut their target price for the company from $12.00 to $11.00 in a research note on Thursday, October 24th. TheStreet downgraded Ford Motor from a “b-” rating to a “c” rating in a research note on Friday, July 26th. Morgan Stanley reissued a “buy” rating and issued a $12.00 target price on shares of Ford Motor in a report on Thursday, October 31st. Finally, Royal Bank of Canada restated a “neutral” rating and issued a $10.50 price target on shares of Ford Motor in a research note on Thursday, July 25th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $10.35.

In other Ford Motor news, Director John C. Lechleiter bought 25,000 shares of Ford Motor stock in a transaction on Friday, October 25th. The stock was acquired at an average cost of $8.68 per share, with a total value of $217,000.00. Following the completion of the acquisition, the director now owns 89,700 shares in the company, valued at $778,596. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James D. Farley, Jr. sold 45,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $9.19, for a total transaction of $413,550.00. Following the completion of the transaction, the insider now owns 496,753 shares in the company, valued at $4,565,160.07. The disclosure for this sale can be found here. In the last three months, insiders sold 105,000 shares of company stock worth $946,550. 0.83% of the stock is owned by corporate insiders.

F traded up $0.15 during mid-day trading on Friday, reaching $9.04. 29,475,401 shares of the company traded hands, compared to its average volume of 39,077,676. The company’s fifty day moving average price is $8.91 and its 200-day moving average price is $9.55. The stock has a market capitalization of $35.84 billion, a P/E ratio of 6.95, a P/E/G ratio of 1.01 and a beta of 1.10. The company has a quick ratio of 1.04, a current ratio of 1.17 and a debt-to-equity ratio of 2.81. Ford Motor has a 52-week low of $7.41 and a 52-week high of $10.56.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, October 23rd. The auto manufacturer reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.08. Ford Motor had a return on equity of 15.53% and a net margin of 1.01%. The firm had revenue of $33.93 billion for the quarter, compared to the consensus estimate of $33.88 billion. During the same period last year, the business posted $0.29 EPS. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. As a group, sell-side analysts forecast that Ford Motor will post 1.23 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, October 22nd will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 6.64%. The ex-dividend date is Monday, October 21st. Ford Motor’s dividend payout ratio is 46.15%.

Ford Motor Company Profile

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.

Further Reading: Percentage Decliners

Want to see what other hedge funds are holding F? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ford Motor (NYSE:F).

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

Receive News & Ratings for Ford Motor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ford Motor and related companies with MarketBeat.com's FREE daily email newsletter.