Ford Motor (NYSE:F) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in Ford Motor (NYSE:F) by 1.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,129,530 shares of the auto manufacturer’s stock after selling 488,704 shares during the quarter. Bank of New York Mellon Corp’s holdings in Ford Motor were worth $315,124,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of F. Norges Bank acquired a new position in Ford Motor in the 4th quarter worth about $475,899,000. Coatue Management LLC acquired a new position in Ford Motor in the 4th quarter worth about $149,152,000. Newport Trust Company LLC raised its holdings in Ford Motor by 4.5% in the 4th quarter. Newport Trust Company LLC now owns 155,177,214 shares of the auto manufacturer’s stock worth $1,891,610,000 after purchasing an additional 6,667,808 shares during the period. Fisher Asset Management LLC raised its holdings in Ford Motor by 6.3% in the 4th quarter. Fisher Asset Management LLC now owns 59,152,154 shares of the auto manufacturer’s stock worth $721,065,000 after purchasing an additional 3,522,965 shares during the period. Finally, Natixis increased its stake in Ford Motor by 1,930.4% during the 1st quarter. Natixis now owns 2,174,316 shares of the auto manufacturer’s stock worth $28,875,000 after buying an additional 2,067,226 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Price Performance

F stock opened at $11.12 on Tuesday. Ford Motor has a 1 year low of $9.49 and a 1 year high of $14.85. The firm has a market capitalization of $44.39 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 0.75 and a beta of 1.62. The business has a 50 day simple moving average of $11.89 and a 200-day simple moving average of $12.24. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.17 and a quick ratio of 1.00.

Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, July 24th. The auto manufacturer reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The business had revenue of $47.81 billion during the quarter, compared to analyst estimates of $47.79 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. Equities research analysts anticipate that Ford Motor will post 1.94 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Wednesday, August 7th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date is Wednesday, August 7th. Ford Motor’s dividend payout ratio is presently 61.86%.

Wall Street Analyst Weigh In

F has been the subject of several research reports. Barclays cut their price objective on Ford Motor from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Evercore ISI upgraded Ford Motor to a “hold” rating in a research note on Friday, July 26th. Royal Bank of Canada cut their price objective on Ford Motor from $13.00 to $10.00 and set a “sector perform” rating for the company in a research note on Monday, August 12th. The Goldman Sachs Group cut their price objective on Ford Motor from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, July 25th. Finally, Sanford C. Bernstein initiated coverage on Ford Motor in a research note on Thursday, May 23rd. They set an “outperform” rating and a $16.00 price objective for the company. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Ford Motor has a consensus rating of “Hold” and a consensus target price of $13.48.

Ford Motor Profile

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.