Wernau Asset Management Inc. Sells 7,955 Shares of Ford Motor Company $F

Wernau Asset Management Inc. lowered its position in Ford Motor Company (NYSE:F) by 23.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,896 shares of the auto manufacturer’s stock after selling 7,955 shares during the period. Wernau Asset Management Inc.’s holdings in Ford Motor were worth $281,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Ford Motor by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 462,245,997 shares of the auto manufacturer’s stock valued at $5,015,369,000 after buying an additional 4,585,636 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Ford Motor by 8.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 140,053,906 shares of the auto manufacturer’s stock worth $1,404,741,000 after purchasing an additional 10,947,527 shares during the period. Geode Capital Management LLC increased its stake in shares of Ford Motor by 17.9% during the second quarter. Geode Capital Management LLC now owns 103,784,031 shares of the auto manufacturer’s stock valued at $1,122,434,000 after purchasing an additional 15,748,694 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Ford Motor by 6,915.1% during the first quarter. Pacer Advisors Inc. now owns 49,078,048 shares of the auto manufacturer’s stock valued at $492,253,000 after purchasing an additional 48,378,444 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Ford Motor by 32.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 29,342,420 shares of the auto manufacturer’s stock worth $318,365,000 after buying an additional 7,238,424 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Stock Down 0.0%

Shares of Ford Motor stock opened at $12.90 on Thursday. Ford Motor Company has a twelve month low of $8.44 and a twelve month high of $13.97. The company has a quick ratio of 0.98, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. The company’s 50 day moving average is $12.38 and its 200 day moving average is $11.50. The company has a market cap of $51.38 billion, a price-to-earnings ratio of 11.16, a price-to-earnings-growth ratio of 4.03 and a beta of 1.60.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Thursday, October 23rd. The auto manufacturer reported $0.45 EPS for the quarter, topping the consensus estimate of $0.38 by $0.07. The company had revenue of $50.53 billion during the quarter, compared to analyst estimates of $43.08 billion. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.Ford Motor’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 earnings per share. Research analysts anticipate that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 7th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $0.60 annualized dividend and a dividend yield of 4.7%. Ford Motor’s dividend payout ratio is presently 51.72%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on F shares. The Goldman Sachs Group increased their target price on Ford Motor from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, September 29th. Wells Fargo & Company raised their price objective on shares of Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Friday, October 24th. Citigroup increased their price target on shares of Ford Motor from $11.00 to $13.50 and gave the company a “neutral” rating in a report on Monday, October 27th. Royal Bank Of Canada boosted their price objective on shares of Ford Motor from $11.00 to $12.00 and gave the stock a “sector perform” rating in a report on Friday, October 24th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ford Motor in a research report on Monday. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Ford Motor has an average rating of “Hold” and a consensus price target of $11.73.

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.