World Equity Group Inc. Cuts Stock Holdings in Ford Motor (NYSE:F)

World Equity Group Inc. lowered its position in shares of Ford Motor (NYSE:F) by 54.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,694 shares of the auto manufacturer’s stock after selling 17,694 shares during the quarter. World Equity Group Inc.’s holdings in Ford Motor were worth $184,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Olistico Wealth LLC purchased a new stake in Ford Motor during the 2nd quarter valued at about $25,000. Financial Synergies Wealth Advisors Inc. lifted its position in Ford Motor by 1,997.9% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock worth $27,000 after buying an additional 1,938 shares in the last quarter. Fortis Group Advisors LLC lifted its position in Ford Motor by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock worth $26,000 after buying an additional 1,086 shares in the last quarter. Voisard Asset Management Group Inc. purchased a new stake in Ford Motor in the 4th quarter valued at $27,000. Finally, Bruce G. Allen Investments LLC grew its holdings in Ford Motor by 71.4% in the 1st quarter. Bruce G. Allen Investments LLC now owns 2,395 shares of the auto manufacturer’s stock valued at $32,000 after buying an additional 998 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Performance

F traded up $0.05 on Friday, reaching $10.51. The company had a trading volume of 34,142,630 shares, compared to its average volume of 54,972,461. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 2.30. Ford Motor has a 1 year low of $9.49 and a 1 year high of $14.85. The stock has a market capitalization of $41.96 billion, a PE ratio of 10.84, a P/E/G ratio of 0.75 and a beta of 1.62. The stock has a 50-day moving average price of $12.02 and a 200-day moving average price of $12.29.

Ford Motor (NYSE:F) last released its quarterly 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 firm had revenue of $47.81 billion for the quarter, compared to analysts’ expectations of $47.79 billion. During the same quarter in the prior year, the business earned $0.72 EPS. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, research analysts forecast that Ford Motor will post 1.94 EPS for the current fiscal year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Wednesday, August 7th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date is Wednesday, August 7th. Ford Motor’s dividend payout ratio is currently 61.86%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on F. Sanford C. Bernstein assumed coverage on 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 report on Friday, July 26th. Citigroup boosted their target price on Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. UBS Group raised their price target on Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. Finally, StockNews.com upgraded Ford Motor from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $13.48.

Insider Activity at Ford Motor

In other news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $12.09, for a total value of $982,119.06. Following the transaction, the director now owns 168,601 shares of the company’s stock, valued at $2,038,386.09. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.80% of the stock is currently owned by insiders.

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.