Intech Investment Management LLC Sells 834,499 Shares of Ford Motor Company $F

Intech Investment Management LLC trimmed its holdings in shares of Ford Motor Company (NYSE:F) by 77.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 236,296 shares of the auto manufacturer’s stock after selling 834,499 shares during the quarter. Intech Investment Management LLC’s holdings in Ford Motor were worth $3,100,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Robertson Stephens Wealth Management LLC increased its stake in Ford Motor by 1.8% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 42,683 shares of the auto manufacturer’s stock worth $560,000 after purchasing an additional 761 shares in the last quarter. CRA Financial Services LLC increased its stake in Ford Motor by 4.4% during the 4th quarter. CRA Financial Services LLC now owns 18,327 shares of the auto manufacturer’s stock worth $240,000 after purchasing an additional 775 shares in the last quarter. Cary Street Partners Investment Advisory LLC increased its stake in Ford Motor by 16.5% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 5,470 shares of the auto manufacturer’s stock worth $65,000 after purchasing an additional 776 shares in the last quarter. Cyndeo Wealth Partners LLC increased its stake in Ford Motor by 7.2% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 11,697 shares of the auto manufacturer’s stock worth $153,000 after purchasing an additional 784 shares in the last quarter. Finally, Activest Wealth Management increased its stake in Ford Motor by 35.3% during the 4th quarter. Activest Wealth Management now owns 3,041 shares of the auto manufacturer’s stock worth $40,000 after purchasing an additional 794 shares in the last quarter. 58.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on F shares. The Goldman Sachs Group lowered their target price on Ford Motor from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. TD Cowen lowered their target price on Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a research note on Friday, May 1st. Royal Bank Of Canada reissued a “sector perform” rating and set a $13.00 target price on shares of Ford Motor in a research note on Friday, May 15th. Zacks Research cut Ford Motor from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $14.00 price target on shares of Ford Motor in a research report on Wednesday, May 13th. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $14.20.

Ford Motor Price Performance

NYSE:F opened at $16.14 on Wednesday. Ford Motor Company has a 1-year low of $9.89 and a 1-year high of $17.78. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 2.84. The firm has a fifty day simple moving average of $12.82 and a 200 day simple moving average of $13.16. The stock has a market capitalization of $64.32 billion, a PE ratio of -10.41, a P/E/G ratio of 0.36 and a beta of 1.79.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.48. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The business had revenue of $43.25 billion during the quarter, compared to analysts’ expectations of $42.66 billion. During the same period last year, the business earned $0.14 earnings per share. The firm’s revenue was up 6.4% on a year-over-year basis. On average, research analysts expect that Ford Motor Company will post 1.61 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 3.7%. Ford Motor’s dividend payout ratio (DPR) is currently -38.71%.

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.