Ford Motor Company $F Position Lowered by First Trust Advisors LP

First Trust Advisors LP reduced its position in Ford Motor Company (NYSE:F) by 47.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,569,035 shares of the auto manufacturer’s stock after selling 10,570,878 shares during the quarter. First Trust Advisors LP owned approximately 0.29% of Ford Motor worth $125,524,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of F. Empower Advisory Group LLC raised its position in shares of Ford Motor by 15.6% during the 1st quarter. Empower Advisory Group LLC now owns 25,285 shares of the auto manufacturer’s stock valued at $254,000 after acquiring an additional 3,405 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its holdings in Ford Motor by 165.7% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 3,717 shares of the auto manufacturer’s stock worth $37,000 after purchasing an additional 2,318 shares during the period. Vanguard Group Inc. increased its stake in Ford Motor by 13.8% during the first quarter. Vanguard Group Inc. now owns 457,660,361 shares of the auto manufacturer’s stock valued at $4,590,333,000 after purchasing an additional 55,576,478 shares during the last quarter. Exencial Wealth Advisors LLC raised its holdings in shares of Ford Motor by 6.3% during the first quarter. Exencial Wealth Advisors LLC now owns 19,765 shares of the auto manufacturer’s stock worth $198,000 after purchasing an additional 1,176 shares during the period. Finally, Citizens Financial Group Inc. RI lifted its position in shares of Ford Motor by 33.8% in the 1st quarter. Citizens Financial Group Inc. RI now owns 15,187 shares of the auto manufacturer’s stock worth $152,000 after buying an additional 3,839 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on F shares. UBS Group boosted their price objective on shares of Ford Motor from $11.00 to $12.50 and gave the company a “neutral” rating in a research report on Monday, October 6th. Piper Sandler upped their target price on Ford Motor from $9.50 to $11.00 and gave the company a “neutral” rating in a report on Friday, October 24th. Jefferies Financial Group raised Ford Motor from an “underperform” rating to a “hold” rating and raised their price target for the stock from $9.00 to $12.00 in a report on Monday, October 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Ford Motor in a research report on Monday. Finally, Wells Fargo & Company increased their target price on Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Friday, October 24th. Three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $11.88.

Ford Motor Stock Performance

Shares of F stock opened at $13.03 on Friday. Ford Motor Company has a 12-month low of $8.44 and a 12-month high of $13.97. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 0.98. The firm has a market capitalization of $51.92 billion, a price-to-earnings ratio of 11.23 and a beta of 1.60. The business has a 50 day simple moving average of $12.70 and a 200 day simple moving average of $11.70.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.The company had revenue of $50.53 billion during the quarter, compared to analyst estimates of $43.08 billion. During the same quarter in the previous year, the firm posted $0.49 EPS. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities research analysts anticipate that Ford Motor Company will post 1.47 EPS for the current 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 $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Friday, November 7th. Ford Motor’s dividend payout ratio is currently 51.72%.

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.