Ford Motor Company $F Shares Sold by Exchange Capital Management Inc.

Exchange Capital Management Inc. decreased its stake in Ford Motor Company (NYSE:F) by 5.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,791 shares of the auto manufacturer’s stock after selling 1,135 shares during the period. Exchange Capital Management Inc.’s holdings in Ford Motor were worth $204,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wedmont Private Capital increased its position in shares of Ford Motor by 3.0% during the second quarter. Wedmont Private Capital now owns 31,593 shares of the auto manufacturer’s stock worth $374,000 after purchasing an additional 934 shares in the last quarter. Meriwether Wealth & Planning LLC boosted its holdings in shares of Ford Motor by 6.9% in the second quarter. Meriwether Wealth & Planning LLC now owns 15,186 shares of the auto manufacturer’s stock valued at $165,000 after acquiring an additional 985 shares during the period. Atlas Capital Advisors Inc. grew its position in shares of Ford Motor by 21.2% during the first quarter. Atlas Capital Advisors Inc. now owns 5,665 shares of the auto manufacturer’s stock worth $57,000 after acquiring an additional 989 shares during the last quarter. City Holding Co. increased its holdings in shares of Ford Motor by 47.8% in the 2nd quarter. City Holding Co. now owns 3,090 shares of the auto manufacturer’s stock valued at $34,000 after acquiring an additional 1,000 shares during the period. Finally, Childress Capital Advisors LLC raised its position in Ford Motor by 6.2% in the 2nd quarter. Childress Capital Advisors LLC now owns 17,321 shares of the auto manufacturer’s stock valued at $188,000 after purchasing an additional 1,006 shares during the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Sunday, July 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Ford Motor in a research report on Saturday, September 27th. The Goldman Sachs Group upped their price objective on shares of Ford Motor from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, September 29th. Barclays lifted their target price on shares of Ford Motor from $9.00 to $11.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. Finally, Piper Sandler increased their price target on shares of Ford Motor from $9.00 to $9.50 and gave the stock a “neutral” rating in a report on Thursday, July 31st. Two investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Ford Motor currently has a consensus rating of “Reduce” and an average target price of $10.71.

Ford Motor Stock Up 3.6%

F stock opened at $12.66 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 2.24. The company’s 50-day moving average price is $11.58 and its 200 day moving average price is $10.82. Ford Motor Company has a 52 week low of $8.44 and a 52 week high of $12.67. The company has a market cap of $50.39 billion, a P/E ratio of 16.23, a P/E/G ratio of 3.51 and a beta of 1.53.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. The company had revenue of $50.18 billion during the quarter, compared to the consensus estimate of $42.91 billion. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the firm earned $0.47 EPS. On average, research analysts expect that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date was Monday, August 11th. Ford Motor’s payout ratio is presently 76.92%.

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.