Generali Investments CEE investicni spolecnost a.s. Sells 70,000 Shares of Ford Motor Company $F

Generali Investments CEE investicni spolecnost a.s. reduced its holdings in shares of Ford Motor Company (NYSE:F) by 16.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 350,000 shares of the auto manufacturer’s stock after selling 70,000 shares during the period. Generali Investments CEE investicni spolecnost a.s.’s holdings in Ford Motor were worth $4,186,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Ford Motor by 1.0% during the second quarter. Vanguard Group Inc. now owns 462,245,997 shares of the auto manufacturer’s stock worth $5,015,369,000 after purchasing an additional 4,585,636 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Ford Motor by 3.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 145,172,134 shares of the auto manufacturer’s stock worth $1,575,118,000 after buying an additional 5,118,228 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Ford Motor by 17.9% during the 2nd quarter. Geode Capital Management LLC now owns 103,784,031 shares of the auto manufacturer’s stock worth $1,122,434,000 after buying an additional 15,748,694 shares during the period. Norges Bank bought a new stake in shares of Ford Motor in the 2nd quarter valued at $405,328,000. Finally, Legal & General Group Plc increased its stake in shares of Ford Motor by 3.3% in the 2nd quarter. Legal & General Group Plc now owns 34,301,362 shares of the auto manufacturer’s stock valued at $372,170,000 after acquiring an additional 1,104,139 shares in the last quarter. 58.74% of the stock is owned by institutional investors.

Ford Motor Trading Up 1.1%

NYSE:F opened at $13.47 on Monday. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 0.98. Ford Motor Company has a one year low of $8.44 and a one year high of $13.99. The company has a market cap of $53.65 billion, a PE ratio of 11.61 and a beta of 1.60. The firm has a 50-day moving average of $12.97 and a 200-day moving average of $11.94.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.07. The business had revenue of $50.53 billion for the quarter, compared to analysts’ expectations of $43.08 billion. Ford Motor had a net margin of 2.48% and a return on equity of 11.94%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 EPS. As a group, equities research analysts expect that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 7th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 7th. This represents a $0.60 annualized dividend and a dividend yield of 4.5%. Ford Motor’s payout ratio is presently 51.72%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Morgan Stanley raised their price target on shares of Ford Motor from $11.00 to $14.00 and gave the stock an “equal weight” rating in a report on Monday, December 8th. The Goldman Sachs Group increased 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. Jefferies Financial Group upgraded Ford Motor from an “underperform” rating to a “hold” rating and raised their target price for the company from $9.00 to $12.00 in a research note on Monday, October 6th. Citigroup boosted their target price on Ford Motor from $11.00 to $13.50 and gave the company a “neutral” rating in a research report on Monday, October 27th. Finally, JPMorgan Chase & Co. increased their price target on Ford Motor from $13.00 to $14.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Three analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $12.04.

Ford Motor Company Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.