Ford Motor (NYSE:F) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC cut its stake in Ford Motor (NYSE:F) by 9.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 141,436 shares of the auto manufacturer’s stock after selling 14,515 shares during the period. Park Avenue Securities LLC’s holdings in Ford Motor were worth $1,774,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the company. Norges Bank purchased a new position in Ford Motor during the 4th quarter worth approximately $475,899,000. Coatue Management LLC acquired a new position in Ford Motor during the fourth quarter valued at $149,152,000. Newport Trust Company LLC lifted its stake in Ford Motor by 4.5% in the 4th quarter. Newport Trust Company LLC now owns 155,177,214 shares of the auto manufacturer’s stock worth $1,891,610,000 after acquiring an additional 6,667,808 shares in the last quarter. Fisher Asset Management LLC boosted its position in Ford Motor by 6.3% during the 4th quarter. Fisher Asset Management LLC now owns 59,152,154 shares of the auto manufacturer’s stock worth $721,065,000 after acquiring an additional 3,522,965 shares during the period. Finally, International Assets Investment Management LLC grew its stake in Ford Motor by 1,084.8% during the 4th quarter. International Assets Investment Management LLC now owns 2,696,966 shares of the auto manufacturer’s stock valued at $32,876,000 after acquiring an additional 2,469,344 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Insider Buying and Selling

In related news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $12.09, for a total transaction of $982,119.06. Following the completion of the transaction, the director now owns 168,601 shares of the company’s stock, valued at approximately $2,038,386.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on F shares. Sanford C. Bernstein assumed coverage on shares of Ford Motor in a report on Thursday, May 23rd. They set an “outperform” rating and a $16.00 price target for the company. Evercore ISI raised shares of Ford Motor to a “hold” rating in a research note on Friday, July 26th. StockNews.com raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Barclays reduced their price objective on Ford Motor from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Finally, UBS Group upped their target price on Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $13.75.

Ford Motor Stock Performance

Shares of F remained flat at $9.78 during trading hours on Wednesday. The stock had a trading volume of 69,349,459 shares, compared to its average volume of 55,298,262. 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 $39.05 billion, a P/E ratio of 10.22, a PEG ratio of 0.75 and a beta of 1.62. The company’s 50 day simple moving average is $12.32 and its 200 day simple moving average is $12.37. Ford Motor has a 52 week low of $9.49 and a 52 week high of $14.85.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share (EPS) 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 company had revenue of $47.81 billion for the quarter, compared to the consensus estimate of $47.79 billion. During the same period in the previous year, the company earned $0.72 EPS. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, equities analysts forecast that Ford Motor will post 1.94 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Wednesday, August 7th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $0.60 dividend on an annualized basis and a yield of 6.13%. Ford Motor’s payout ratio is presently 61.86%.

Ford Motor Company Profile

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.