Grunden Financial Advisory Inc. Has $135,000 Stock Holdings in Ford Motor (NYSE:F)

Grunden Financial Advisory Inc. reduced its holdings in shares of Ford Motor (NYSE:F) by 52.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,771 shares of the auto manufacturer’s stock after selling 11,907 shares during the quarter. Ford Motor accounts for about 0.1% of Grunden Financial Advisory Inc.’s holdings, making the stock its 26th biggest position. Grunden Financial Advisory Inc.’s holdings in Ford Motor were worth $135,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Newport Trust Company LLC raised its position 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 valued at $1,891,610,000 after buying an additional 6,667,808 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of Ford Motor by 6.3% in the fourth quarter. Fisher Asset Management LLC now owns 59,150,709 shares of the auto manufacturer’s stock valued at $721,047,000 after purchasing an additional 3,521,520 shares during the last quarter. Norges Bank bought a new position in shares of Ford Motor during the fourth quarter valued at about $475,899,000. Dimensional Fund Advisors LP boosted its holdings in Ford Motor by 27.4% during the second quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock worth $453,732,000 after purchasing an additional 7,793,944 shares during the last quarter. Finally, LSV Asset Management grew its position in Ford Motor by 1.6% in the 2nd quarter. LSV Asset Management now owns 20,115,487 shares of the auto manufacturer’s stock worth $252,248,000 after purchasing an additional 312,496 shares in the last quarter. 58.74% of the stock is owned by institutional investors.

Ford Motor Price Performance

F opened at $10.69 on Monday. The firm has a 50-day moving average price of $11.47 and a 200-day moving average price of $12.09. Ford Motor has a twelve month low of $9.49 and a twelve month high of $14.85. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 2.30. The company has a market capitalization of $42.50 billion, a price-to-earnings ratio of 11.02, a PEG ratio of 0.76 and a beta of 1.62.

Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The business had revenue of $47.81 billion during the quarter, compared to analysts’ expectations of $47.79 billion. During the same quarter in the prior year, the firm posted $0.72 earnings per share. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. Equities analysts expect that Ford Motor will post 1.88 EPS for the current year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Wednesday, August 7th were paid a dividend of $0.15 per share. The ex-dividend date was Wednesday, August 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.61%. Ford Motor’s payout ratio is 61.86%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $11.00 target price on shares of Ford Motor in a research report on Tuesday, September 10th. The Goldman Sachs Group dropped their price target on Ford Motor from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Thursday, July 25th. StockNews.com upgraded Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Wolfe Research began coverage on Ford Motor in a research note on Thursday, September 5th. They set a “peer perform” rating on the stock. Finally, Morgan Stanley restated an “overweight” rating and set a $16.00 price target on shares of Ford Motor in a research report on Thursday. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $12.95.

About Ford Motor

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.