Ford Motor (NYSE:F) Shares Sold by MAI Capital Management

MAI Capital Management reduced its position in shares of Ford Motor (NYSE:F) by 14.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 158,089 shares of the auto manufacturer’s stock after selling 27,118 shares during the period. MAI Capital Management’s holdings in Ford Motor were worth $1,669,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Insight Wealth Partners LLC increased its holdings in Ford Motor by 1.9% during the 2nd quarter. Insight Wealth Partners LLC now owns 44,144 shares of the auto manufacturer’s stock worth $554,000 after purchasing an additional 843 shares during the period. Pallas Capital Advisors LLC boosted its position in shares of Ford Motor by 2.9% during the 2nd quarter. Pallas Capital Advisors LLC now owns 29,850 shares of the auto manufacturer’s stock worth $374,000 after acquiring an additional 846 shares in the last quarter. Freestone Capital Holdings LLC increased its holdings in shares of Ford Motor by 5.0% in the 1st quarter. Freestone Capital Holdings LLC now owns 18,346 shares of the auto manufacturer’s stock valued at $244,000 after acquiring an additional 875 shares during the last quarter. Hilltop National Bank raised its position in shares of Ford Motor by 7.1% during the 2nd quarter. Hilltop National Bank now owns 14,159 shares of the auto manufacturer’s stock worth $178,000 after acquiring an additional 944 shares in the last quarter. Finally, Meridian Financial Partners LLC lifted its stake in Ford Motor by 1.1% during the third quarter. Meridian Financial Partners LLC now owns 85,471 shares of the auto manufacturer’s stock worth $903,000 after purchasing an additional 953 shares during the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on F. Sanford C. Bernstein lowered shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target on the stock. in a research note on Thursday, November 7th. The Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and increased their target price for the company from $12.00 to $13.00 in a research report on Tuesday, October 1st. StockNews.com raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Wolfe Research initiated coverage on Ford Motor in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. 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 investment 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. Based on data from MarketBeat.com, Ford Motor presently has an average rating of “Hold” and a consensus target price of $12.02.

Ford Motor Stock Down 2.9 %

Shares of Ford Motor stock opened at $10.73 on Thursday. Ford Motor has a one year low of $9.49 and a one year high of $14.85. The company has a market cap of $42.62 billion, a P/E ratio of 12.19, a PEG ratio of 2.00 and a beta of 1.62. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. The firm has a fifty day moving average of $10.82 and a two-hundred day moving average of $11.48.

Ford Motor (NYSE:F) last released its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. The firm had revenue of $46.20 billion during the quarter, compared to analysts’ expectations 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 was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.39 earnings per share. On average, analysts forecast that Ford Motor will post 1.82 earnings per share for the current year.

Ford Motor Dividend Announcement

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

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.