Ford Motor (NYSE:F) Shares Sold by Cetera Advisor Networks LLC

Cetera Advisor Networks LLC cut its stake in Ford Motor (NYSE:F) by 3.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 160,353 shares of the auto manufacturer’s stock after selling 6,432 shares during the period. Cetera Advisor Networks LLC’s holdings in Ford Motor were worth $1,473,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Asset Dedication LLC lifted its position in Ford Motor by 80.2% during the third quarter. Asset Dedication LLC now owns 3,166 shares of the auto manufacturer’s stock valued at $29,000 after buying an additional 1,409 shares in the last quarter. Strategic Blueprint LLC acquired a new position in Ford Motor during the third quarter valued at approximately $30,000. Regal Wealth Group Inc. lifted its position in Ford Motor by 31.9% during the third quarter. Regal Wealth Group Inc. now owns 4,668 shares of the auto manufacturer’s stock valued at $36,000 after buying an additional 1,130 shares in the last quarter. West Oak Capital LLC lifted its position in 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 in the last quarter. Finally, Citizens Financial Group Inc RI lifted its position in 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 in the last quarter. 54.14% of the stock is currently owned by institutional investors and hedge funds.

F opened at $8.95 on Friday. The firm has a market capitalization of $34.93 billion, a P/E ratio of 6.29, a P/E/G ratio of 0.98 and a beta of 1.10. The firm’s 50 day moving average is $8.89 and its 200-day moving average is $9.53. Ford Motor has a 52-week low of $7.41 and a 52-week high of $10.56. 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 (NYSE:F) last posted its quarterly earnings data on Wednesday, October 23rd. The auto manufacturer reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. The company had revenue of $33.93 billion for the quarter, compared to analyst estimates of $33.88 billion. Ford Motor had a net margin of 1.01% and a return on equity of 15.53%. The business’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.29 earnings per share. Equities analysts expect that Ford Motor will post 1.23 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, October 22nd will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, October 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.70%. Ford Motor’s dividend payout ratio is currently 46.15%.

A number of brokerages have weighed in on F. Royal Bank of Canada reaffirmed a “neutral” rating and set a $10.50 price target on shares of Ford Motor in a research report on Thursday, July 25th. Deutsche Bank cut shares of Ford Motor from a “buy” rating to a “hold” rating and reduced their price target for the company from $12.00 to $11.00 in a research report on Thursday, October 24th. ValuEngine cut shares of Ford Motor from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Bank of America cut shares of Ford Motor to a “buy” rating and set a $13.00 price target on the stock. in a research report on Tuesday, September 10th. Finally, Buckingham Research reduced their price target on shares of Ford Motor from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 1st. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Ford Motor presently has a consensus rating of “Hold” and an average price target of $10.69.

In related news, Director John C. Lechleiter purchased 25,000 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was acquired at an average price of $8.68 per share, for a total transaction of $217,000.00. Following the completion of the purchase, the director now owns 89,700 shares in the company, valued at $778,596. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider James D. Farley, Jr. sold 45,000 shares of Ford Motor stock in a transaction 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 sale, the insider now owns 496,753 shares of the company’s stock, valued at approximately $4,565,160.07. The disclosure for this sale can be found here. Insiders have sold 105,000 shares of company stock worth $946,550 in the last quarter. Insiders own 0.83% of the company’s stock.

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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