Northwest Bancshares Inc. Lowers Stake in Ford Motor (NYSE:F)

Northwest Bancshares Inc. cut its stake in Ford Motor (NYSE:F) by 3.4% during the third quarter, HoldingsChannel reports. The fund owned 32,832 shares of the auto manufacturer’s stock after selling 1,167 shares during the quarter. Northwest Bancshares Inc.’s holdings in Ford Motor were worth $347,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in F. O Shaughnessy Asset Management LLC raised its stake in shares of Ford Motor by 7.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 173,814 shares of the auto manufacturer’s stock worth $2,308,000 after acquiring an additional 11,403 shares in the last quarter. Seven Eight Capital LP acquired a new position in shares of Ford Motor during the first quarter worth $275,000. Bessemer Group Inc. lifted its holdings in shares of Ford Motor by 34.4% during the 1st quarter. Bessemer Group Inc. now owns 38,320 shares of the auto manufacturer’s stock valued at $508,000 after purchasing an additional 9,807 shares during the last quarter. LGT Group Foundation acquired a new stake in shares of Ford Motor in the 1st quarter worth $169,000. Finally, Freestone Capital Holdings LLC grew its stake in Ford Motor by 5.0% during the 1st quarter. Freestone Capital Holdings LLC now owns 18,346 shares of the auto manufacturer’s stock worth $244,000 after buying an additional 875 shares during the last quarter. 58.74% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have 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 target for the company. in a research note on Thursday, November 7th. Wells Fargo & Company decreased their price objective on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Tuesday, September 10th. StockNews.com raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $10.00 price target on shares of Ford Motor in a report on Tuesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $12.02.

Ford Motor Stock Performance

Shares of F stock opened at $10.73 on Thursday. Ford Motor has a 52-week low of $9.49 and a 52-week high of $14.85. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34. The stock has a market cap of $42.62 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 2.00 and a beta of 1.62. The business has a 50-day simple moving average of $10.82 and a 200-day simple moving average of $11.48.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The company 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%. Ford Motor’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 earnings per share. On average, equities analysts expect that Ford Motor will post 1.82 EPS for the current year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 7th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.60 annualized dividend and a yield of 5.59%. Ford Motor’s dividend payout ratio is presently 68.18%.

Ford Motor 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.