Sterling Capital Management LLC Sells 55,891 Shares of Ford Motor Company $F

Sterling Capital Management LLC trimmed its position in Ford Motor Company (NYSE:F) by 24.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 175,558 shares of the auto manufacturer’s stock after selling 55,891 shares during the quarter. Sterling Capital Management LLC’s holdings in Ford Motor were worth $2,026,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Ford Motor during the 4th quarter valued at about $674,437,000. SBI Okasan Asset Management Co.Ltd. purchased a new stake in Ford Motor in the 4th quarter worth approximately $1,769,000. TD Asset Management Inc grew its position in shares of Ford Motor by 11.0% in the 4th quarter. TD Asset Management Inc now owns 1,908,234 shares of the auto manufacturer’s stock worth $25,036,000 after buying an additional 189,310 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Ford Motor by 2.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,345,131 shares of the auto manufacturer’s stock valued at $57,008,000 after buying an additional 103,423 shares during the period. Finally, Quantbot Technologies LP increased its stake in shares of Ford Motor by 91.6% during the third quarter. Quantbot Technologies LP now owns 179,619 shares of the auto manufacturer’s stock valued at $2,148,000 after buying an additional 85,848 shares during the period. 58.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on F. The Goldman Sachs Group raised their price target on Ford Motor from $13.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, June 11th. Zacks Research downgraded shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Citigroup upped their price objective on shares of Ford Motor from $13.00 to $19.00 and gave the stock a “neutral” rating in a report on Monday, June 1st. TD Cowen dropped their target price on shares of Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a research report on Friday, May 1st. Finally, Wells Fargo & Company lifted their target price on shares of Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Thursday. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $14.70.

Ford Motor Trading Down 0.1%

F opened at $14.11 on Monday. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 2.84. Ford Motor Company has a 52 week low of $10.68 and a 52 week high of $17.78. The stock has a market cap of $56.22 billion, a PE ratio of -9.10, a PEG ratio of 0.31 and a beta of 1.79. The business has a 50 day moving average of $13.88 and a 200-day moving average of $13.36.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.48. The company had revenue of $43.25 billion for the quarter, compared to analysts’ expectations of $42.66 billion. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.14 earnings per share. Equities research analysts predict that Ford Motor Company will post 1.64 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were given a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.3%. Ford Motor’s dividend payout ratio is currently -38.71%.

Ford Motor 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.