Allspring Global Investments Holdings LLC Sells 36,108 Shares of Ford Motor Company $F

Key Points

• Allspring Global Investments Holdings LLC has reduced its stake in Ford Motor Company by 11.0%, selling 36,108 shares, and now holds 291,412 shares valued at approximately $3.31 million.
• Ford Motor Company's quarterly earnings report revealed an EPS of $0.37, surpassing analysts' estimates, with a revenue of $50.18 billion for the quarter.
• The company recently announced a quarterly dividend of $0.15 per share, representing an annualized yield of 5.0% with a payout ratio of 76.92%.

Allspring Global Investments Holdings LLC reduced its stake in shares of Ford Motor Company (NYSE:F - Free Report) by 11.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 291,412 shares of the auto manufacturer's stock after selling 36,108 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Ford Motor were worth $3,308,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of F. ORG Partners LLC raised its stake in Ford Motor by 228.2% during the 1st quarter. ORG Partners LLC now owns 4,418 shares of the auto manufacturer's stock valued at $44,000 after purchasing an additional 3,072 shares during the last quarter. Advisor Resource Council acquired a new position in Ford Motor during the 1st quarter valued at $235,000. Childress Capital Advisors LLC acquired a new position in Ford Motor during the 1st quarter valued at $164,000. Cambridge Investment Research Advisors Inc. raised its stake in Ford Motor by 4.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 1,564,674 shares of the auto manufacturer's stock valued at $15,694,000 after purchasing an additional 65,039 shares during the last quarter. Finally, First Bancorp Inc ME raised its stake in Ford Motor by 10.5% during the 1st quarter. First Bancorp Inc ME now owns 21,059 shares of the auto manufacturer's stock valued at $211,000 after purchasing an additional 2,000 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Stock Up 0.7%

Shares of NYSE:F opened at $12.01 on Tuesday. Ford Motor Company has a 12 month low of $8.44 and a 12 month high of $12.80. The company's 50-day moving average price is $11.74 and its two-hundred day moving average price is $10.97. The company has a quick ratio of 0.95, a current ratio of 1.10 and a debt-to-equity ratio of 2.24. The firm has a market cap of $47.78 billion, a P/E ratio of 15.39, a P/E/G ratio of 3.47 and a beta of 1.53.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The auto manufacturer reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.04. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The firm had revenue of $50.18 billion for the quarter, compared to analyst estimates of $42.91 billion. During the same quarter in the prior year, the firm earned $0.47 EPS. The company's revenue was up 5.0% on a year-over-year basis. As a group, research analysts forecast that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 5.0%. Ford Motor's dividend payout ratio is currently 76.92%.

Analyst Ratings Changes

Several equities analysts recently commented on F shares. Wall Street Zen upgraded shares of Ford Motor from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Barclays increased their price objective on shares of Ford Motor from $9.00 to $11.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Dbs Bank cut shares of Ford Motor from a "hold" rating to a "moderate sell" rating in a research note on Monday, August 4th. Weiss Ratings restated a "hold (c)" rating on shares of Ford Motor in a research note on Tuesday, October 14th. Finally, UBS Group increased their price objective on shares of Ford Motor from $11.00 to $12.50 and gave the company a "neutral" rating in a research note on Monday, October 6th. Two equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Ford Motor presently has a consensus rating of "Hold" and a consensus price target of $11.11.

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.

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