Ameriprise Financial Inc. Sells 2,243,089 Shares of Ford Motor Company $F

Key Points

• Ameriprise Financial Inc. has reduced its stake in Ford Motor Company by 25.9%, selling 2,243,089 shares and now owning approximately 6.4 million shares valued at $64.2 million.
• Several other institutional investors have also increased their stakes in Ford, with 58.74% of the company's stock now owned by institutional investors and hedge funds.
• Ford announced a dividend of $0.15 per share, set to be paid on September 2nd, with a current dividend yield of 5.1% and a payout ratio of 76.92%.

Ameriprise Financial Inc. decreased its stake in shares of Ford Motor Company (NYSE:F - Free Report) by 25.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,403,854 shares of the auto manufacturer's stock after selling 2,243,089 shares during the quarter. Ameriprise Financial Inc. owned about 0.16% of Ford Motor worth $64,231,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Grove Bank & Trust boosted its stake in Ford Motor by 289.1% during the first quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer's stock worth $25,000 after acquiring an additional 1,882 shares in the last quarter. Elite Financial Inc. acquired a new position in shares of Ford Motor during the first quarter valued at about $27,000. Olde Wealth Management LLC acquired a new position in shares of Ford Motor during the first quarter valued at about $28,000. MorganRosel Wealth Management LLC bought a new position in shares of Ford Motor during the 1st quarter worth about $30,000. Finally, Spurstone Advisory Services LLC acquired a new stake in shares of Ford Motor in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 58.74% of the company's stock.

Analysts Set New Price Targets

F has been the subject of a number of research analyst reports. Jefferies Financial Group boosted their target price on Ford Motor from $8.00 to $9.00 and gave the company an "underperform" rating in a research report on Monday, August 11th. The Goldman Sachs Group boosted their price objective on Ford Motor from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Wolfe Research raised Ford Motor from an "underperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. UBS Group increased their target price on Ford Motor from $9.00 to $11.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Finally, Barclays boosted their price target 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. Two analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus target price of $10.53.

Insider Buying and Selling at Ford Motor

In other news, insider Andrew Frick sold 30,000 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total value of $330,000.00. Following the transaction, the insider owned 113,939 shares in the company, valued at $1,253,329. The trade was a 20.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.48% of the stock is owned by insiders.

Ford Motor Stock Performance

NYSE F opened at $11.83 on Wednesday. Ford Motor Company has a 1 year low of $8.44 and a 1 year high of $11.97. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.10 and a quick ratio of 0.95. The firm has a market cap of $47.08 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 3.38 and a beta of 1.48. The company has a fifty day moving average price of $11.27 and a 200-day moving average price of $10.38.

Ford Motor (NYSE:F - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share for the quarter, beating 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 company had revenue of $50.18 billion for the quarter, compared to analyst estimates of $42.91 billion. During the same period last year, the firm earned $0.47 earnings per share. The firm's revenue was up 5.0% on a year-over-year basis. As a group, equities research analysts predict that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 5.1%. Ford Motor's dividend payout ratio (DPR) is currently 76.92%.

About Ford Motor

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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