People s United Financial Inc. trimmed its position in shares of Ford Motor (NYSE:F) by 25.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 125,963 shares of the auto manufacturer’s stock after selling 41,959 shares during the quarter. People s United Financial Inc.’s holdings in Ford Motor were worth $1,165,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Ford Motor by 0.8% in the second quarter. BlackRock Inc. now owns 264,479,647 shares of the auto manufacturer’s stock valued at $2,927,789,000 after purchasing an additional 2,067,427 shares in the last quarter. Newport Trust Co grew its holdings in shares of Ford Motor by 1.1% in the 3rd quarter. Newport Trust Co now owns 186,611,338 shares of the auto manufacturer’s stock valued at $1,726,155,000 after buying an additional 2,052,203 shares during the period. Franklin Resources Inc. grew its holdings in shares of Ford Motor by 194.8% in the 3rd quarter. Franklin Resources Inc. now owns 62,573,799 shares of the auto manufacturer’s stock valued at $578,807,000 after buying an additional 41,346,111 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Ford Motor by 0.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 39,672,426 shares of the auto manufacturer’s stock valued at $366,957,000 after buying an additional 224,192 shares during the period. Finally, Morgan Stanley lifted its position in Ford Motor by 35.0% in the 2nd quarter. Morgan Stanley now owns 37,425,458 shares of the auto manufacturer’s stock valued at $414,298,000 after acquiring an additional 9,710,528 shares in the last quarter. Institutional investors and hedge funds own 54.07% of the company’s stock.
Shares of F stock opened at $8.82 on Friday. The stock has a market capitalization of $35.84 billion, a price-to-earnings ratio of 6.54, a P/E/G ratio of 1.26 and a beta of 0.68. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.08 and a current ratio of 1.21. Ford Motor has a 52 week low of $8.17 and a 52 week high of $13.48.
Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, October 24th. The auto manufacturer reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. The company had revenue of $34.66 billion during the quarter, compared to analysts’ expectations of $32.05 billion. Ford Motor had a net margin of 3.88% and a return on equity of 15.48%. During the same quarter in the previous year, the company earned $0.43 earnings per share. Research analysts predict that Ford Motor will post 1.36 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, December 3rd. Shareholders of record on Tuesday, October 23rd were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, October 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 6.80%. Ford Motor’s dividend payout ratio is presently 33.71%.
Several brokerages have commented on F. Jefferies Financial Group reissued a “buy” rating and set a $13.00 price target on shares of Ford Motor in a research report on Friday, October 5th. Nomura lowered their price objective on shares of Ford Motor from $9.00 to $8.10 and set a “neutral” rating on the stock in a research note on Tuesday, October 30th. TheStreet lowered shares of Ford Motor from a “b-” rating to a “c+” rating in a research note on Monday, August 13th. ValuEngine upgraded shares of Ford Motor from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 31st. Finally, Citigroup decreased their target price on shares of Ford Motor from $9.90 to $9.70 and set a “neutral” rating on the stock in a research report on Thursday, October 4th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $11.27.
In other news, Director Ray T. Charley purchased 4,000 shares of the stock in a transaction that occurred on Monday, October 29th. The stock was bought at an average cost of $12.90 per share, for a total transaction of $51,600.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Steven R. Armstrong sold 13,000 shares of the company’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $9.54, for a total transaction of $124,020.00. Following the sale, the vice president now owns 94,527 shares of the company’s stock, valued at $901,787.58. The disclosure for this sale can be found here. Insiders own 0.95% of the company’s stock.
About Ford Motor
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles; and Lincoln luxury vehicles worldwide. Its Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental car companies, and governments.
Read More: Using the New Google Finance Tool
Want to see what other hedge funds are holding F? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ford Motor (NYSE:F).
Receive News & Ratings for Ford Motor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ford Motor and related companies with MarketBeat.com's FREE daily email newsletter.