UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 1,169,569 Shares of Ford Motor Company $F

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in shares of Ford Motor Company (NYSE:F) by 4.0% during the second quarter, Holdings Channel reports. The fund owned 28,138,640 shares of the auto manufacturer’s stock after selling 1,169,569 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Ford Motor were worth $391,127,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. MV Capital Management Inc. bought a new stake in shares of Ford Motor during the fourth quarter valued at approximately $25,000. McMillan Office Inc. purchased a new position in Ford Motor during the fourth quarter valued at $26,000. Legacy Wealth Managment LLC ID lifted its position in Ford Motor by 108.4% during the first quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock valued at $27,000 after buying an additional 1,230 shares during the period. Johnson Financial Group Inc. boosted its holdings in shares of Ford Motor by 55.4% during the 3rd quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock valued at $28,000 after buying an additional 837 shares in the last quarter. Finally, Caldwell Trust Co boosted its holdings in shares of Ford Motor by 605.8% during the 1st quarter. Caldwell Trust Co now owns 2,534 shares of the auto manufacturer’s stock valued at $29,000 after buying an additional 2,175 shares in the last quarter. Institutional investors own 58.74% of the company’s stock.

Analysts Set New Price Targets

F has been the topic of a number of recent research reports. Jefferies Financial Group raised shares of Ford Motor from a “hold” rating to a “buy” rating and upped their target price for the stock from $14.50 to $17.50 in a research report on Monday, July 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Ford Motor in a research note on Wednesday, June 24th. UBS Group upped their price objective on shares of Ford Motor from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Morgan Stanley reaffirmed an “equal weight” rating and set a $14.00 target price on shares of Ford Motor in a research note on Wednesday, May 13th. 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 report on Thursday, June 25th. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $15.68.

Ford Motor Price Performance

F opened at $13.89 on Monday. The stock has a 50-day moving average price of $14.09 and a 200-day moving average price of $13.52. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.09 and a quick ratio of 0.93. The firm has a market cap of $55.39 billion, a PE ratio of -7.43, a P/E/G ratio of 0.29 and a beta of 1.82. Ford Motor Company has a 1 year low of $11.11 and a 1 year high of $17.78.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS for the quarter, beating the consensus estimate of $0.33 by $0.09. The company had revenue of $48.30 billion for the quarter, compared to the consensus estimate of $47.24 billion. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. Ford Motor’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.37 EPS. Sell-side analysts predict that Ford Motor Company will post 1.86 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.3%. Ford Motor’s dividend payout ratio is presently -32.09%.

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.