Rakuten Securities Inc. Sells 973 Shares of Ford Motor (NYSE:F)

Rakuten Securities Inc. lowered its position in shares of Ford Motor (NYSE:F) by 13.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,117 shares of the auto manufacturer’s stock after selling 973 shares during the period. Rakuten Securities Inc.’s holdings in Ford Motor were worth $65,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Insight Wealth Partners LLC boosted its holdings in shares of Ford Motor by 1.9% during the 2nd quarter. Insight Wealth Partners LLC now owns 44,144 shares of the auto manufacturer’s stock valued at $554,000 after acquiring an additional 843 shares during the last quarter. Pallas Capital Advisors LLC grew its position in Ford Motor by 2.9% in the 2nd quarter. Pallas Capital Advisors LLC now owns 29,850 shares of the auto manufacturer’s stock worth $374,000 after purchasing an additional 846 shares during the period. RB Capital Management LLC raised its stake in Ford Motor by 2.9% during the 1st quarter. RB Capital Management LLC now owns 30,380 shares of the auto manufacturer’s stock valued at $403,000 after buying an additional 857 shares during the last quarter. Freestone Capital Holdings LLC lifted its holdings in shares of Ford Motor by 5.0% during the 1st quarter. Freestone Capital Holdings LLC now owns 18,346 shares of the auto manufacturer’s stock valued at $244,000 after buying an additional 875 shares during the period. Finally, Hilltop National Bank boosted its stake in shares of Ford Motor by 7.1% in the 2nd quarter. Hilltop National Bank now owns 14,159 shares of the auto manufacturer’s stock worth $178,000 after buying an additional 944 shares during the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Price Performance

Shares of Ford Motor stock opened at $11.11 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34. Ford Motor has a 52 week low of $9.49 and a 52 week high of $14.85. The stock’s 50-day simple moving average is $10.77 and its 200-day simple moving average is $11.54. The company has a market capitalization of $44.13 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 1.99 and a beta of 1.62.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. The business had revenue of $46.20 billion during the quarter, compared to the consensus estimate of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.39 EPS. As a group, analysts expect that Ford Motor will post 1.82 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th will be issued a $0.15 dividend. The ex-dividend date is Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 5.40%. Ford Motor’s dividend payout ratio is currently 68.18%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on F shares. Sanford C. Bernstein cut Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective for the company. in a research report on Thursday, November 7th. Wells Fargo & Company lowered their price objective on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Tuesday, September 10th. Evercore ISI upgraded shares of Ford Motor to a “hold” rating in a research report on Friday, July 26th. The Goldman Sachs Group upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and increased their price target for the stock from $12.00 to $13.00 in a research report on Tuesday, October 1st. Finally, Wolfe Research began coverage on shares of Ford Motor in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $12.02.

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.