AlTi Global Inc. Cuts Stock Holdings in Ford Motor (NYSE:F)

AlTi Global Inc. lessened its holdings in Ford Motor (NYSE:F) by 6.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 490,254 shares of the auto manufacturer’s stock after selling 32,469 shares during the quarter. AlTi Global Inc.’s holdings in Ford Motor were worth $6,148,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Alight Capital Management LP acquired a new position in Ford Motor in the second quarter valued at $3,928,000. Caxton Associates LP boosted its stake in shares of Ford Motor by 11.3% during the second quarter. Caxton Associates LP now owns 321,779 shares of the auto manufacturer’s stock worth $4,035,000 after buying an additional 32,721 shares during the period. HITE Hedge Asset Management LLC lifted its position in Ford Motor by 36.2% in the second quarter. HITE Hedge Asset Management LLC now owns 229,007 shares of the auto manufacturer’s stock valued at $2,872,000 after purchasing an additional 60,863 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Ford Motor by 59.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 747,496 shares of the auto manufacturer’s stock valued at $9,374,000 after purchasing an additional 278,033 shares during the period. Finally, Marshall Wace LLP lifted its position in Ford Motor by 117.8% in the second quarter. Marshall Wace LLP now owns 387,859 shares of the auto manufacturer’s stock valued at $4,864,000 after purchasing an additional 209,756 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Trading Down 0.4 %

Shares of F stock opened at $10.87 on Wednesday. Ford Motor has a 12 month low of $9.49 and a 12 month high of $14.85. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 2.30. The business’s 50 day moving average is $11.09 and its two-hundred day moving average is $12.02. The company has a market cap of $43.21 billion, a PE ratio of 11.21, a price-to-earnings-growth ratio of 0.79 and a beta of 1.62.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.21). The company had revenue of $47.81 billion during the quarter, compared to analyst estimates of $47.79 billion. Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The company’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.72 EPS. Equities analysts predict that Ford Motor will post 1.88 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Wednesday, August 7th were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, August 7th. This represents a $0.60 annualized dividend and a yield of 5.52%. Ford Motor’s dividend payout ratio (DPR) is 61.86%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on F. StockNews.com raised shares of Ford Motor from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Evercore ISI upgraded shares of Ford Motor to a “hold” rating in a research report on Friday, July 26th. Royal Bank of Canada decreased their target price on shares of Ford Motor from $13.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Monday, August 12th. Wells Fargo & Company decreased their price target on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday, September 10th. Finally, Wolfe Research started coverage on shares of Ford Motor in a report on Thursday, September 5th. They set a “peer perform” rating on the stock. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Ford Motor has a consensus rating of “Hold” and a consensus price target of $12.64.

Ford Motor Company 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.