Ford Motor Company $F Shares Sold by Equitable Holdings Inc.

Equitable Holdings Inc. lowered its stake in Ford Motor Company (NYSE:F) by 26.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 112,118 shares of the auto manufacturer’s stock after selling 40,611 shares during the period. Equitable Holdings Inc.’s holdings in Ford Motor were worth $1,558,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of F. BlackRock Inc. purchased a new stake in shares of Ford Motor in the second quarter valued at $4,649,131,000. Charles Schwab Investment Management Inc. increased its position in Ford Motor by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 152,017,084 shares of the auto manufacturer’s stock worth $1,994,464,000 after purchasing an additional 4,089,779 shares in the last quarter. Geode Capital Management LLC increased its position in Ford Motor by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 106,600,353 shares of the auto manufacturer’s stock worth $1,394,697,000 after purchasing an additional 1,255,349 shares in the last quarter. Bank of America Corp DE raised its stake in Ford Motor by 318.0% in the 2nd quarter. Bank of America Corp DE now owns 72,424,686 shares of the auto manufacturer’s stock valued at $1,006,703,000 after purchasing an additional 55,100,244 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Ford Motor in the 2nd quarter valued at about $717,218,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Down 0.4%

Shares of NYSE F opened at $13.89 on Friday. The stock has a market capitalization of $55.39 billion, a PE ratio of -7.43, a P/E/G ratio of 0.29 and a beta of 1.82. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07. The firm has a fifty day moving average of $14.09 and a 200-day moving average of $13.52. Ford Motor Company has a 52-week low of $11.11 and a 52-week high of $17.78.

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

Ford Motor Dividend Announcement

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

Wall Street Analysts Forecast Growth

F has been the topic of a number of recent research reports. DZ Bank upgraded shares of Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 target price on the stock in a report on Friday, July 31st. Zacks Research lowered shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Piper Sandler upped their price objective on shares of Ford Motor from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. TD Cowen raised their target price on shares of Ford Motor from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Wednesday, July 29th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Ford Motor in a research report on Wednesday, June 24th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Ford Motor currently has a consensus rating of “Hold” and an average target price of $15.68.

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.