AQR Capital Management LLC Lowers Position in Ford Motor Company $F

Key Points

• AQR Capital Management LLC has reduced its position in Ford Motor Company by 55.7%, holding 621,546 shares after selling 782,289 shares during the first quarter.
• Ford Motor reported $0.37 earnings per share in its latest quarter, surpassing expectations of $0.33 and achieving a revenue of $50.18 billion, which is a 5.0% increase compared to the prior year.
• The stock currently has a market capitalization of $46.48 billion and a consensus rating of "Reduce," with an average target price of $10.53.

AQR Capital Management LLC trimmed its position in Ford Motor Company (NYSE:F - Free Report) by 55.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 621,546 shares of the auto manufacturer's stock after selling 782,289 shares during the quarter. AQR Capital Management LLC's holdings in Ford Motor were worth $6,122,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Tounjian Advisory Partners LLC bought a new stake in shares of Ford Motor in the first quarter worth about $974,000. FORA Capital LLC bought a new stake in shares of Ford Motor in the first quarter worth about $7,398,000. Generali Investments CEE investicni spolecnost a.s. increased its holdings in shares of Ford Motor by 25.0% in the first quarter. Generali Investments CEE investicni spolecnost a.s. now owns 300,000 shares of the auto manufacturer's stock worth $3,009,000 after purchasing an additional 60,000 shares during the last quarter. Quantitative Investment Management LLC bought a new stake in shares of Ford Motor in the first quarter worth about $2,373,000. Finally, Abundance Wealth Counselors increased its holdings in shares of Ford Motor by 32.6% in the first quarter. Abundance Wealth Counselors now owns 157,919 shares of the auto manufacturer's stock worth $1,594,000 after purchasing an additional 38,794 shares during the last quarter. 58.74% of the stock is owned by institutional investors.

Ford Motor Stock Down 0.7%

Shares of NYSE:F opened at $11.68 on Friday. Ford Motor Company has a 1 year low of $8.44 and a 1 year high of $11.99. The business has a 50 day simple moving average of $11.47 and a two-hundred day simple moving average of $10.59. The firm has a market capitalization of $46.48 billion, a PE ratio of 14.97, a price-to-earnings-growth ratio of 3.38 and a beta of 1.52. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.10 and a quick ratio of 0.95.

Ford Motor (NYSE:F - Get Free Report) last announced its earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.04. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.The business had revenue of $50.18 billion during the quarter, compared to analyst estimates of $42.91 billion. During the same quarter in the previous year, the business earned $0.47 earnings per share. The company's revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities analysts predict that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on F. Royal Bank Of Canada lifted their target price on Ford Motor from $10.00 to $11.00 and gave the stock a "sector perform" rating in a report on Tuesday, August 5th. JPMorgan Chase & Co. lifted their target price on Ford Motor from $12.00 to $13.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. UBS Group boosted their price objective on Ford Motor from $9.00 to $11.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Barclays boosted their price objective on Ford Motor from $9.00 to $11.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 16th. Finally, Wall Street Zen raised Ford Motor from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Two equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average target price of $10.53.

Insider Activity

In related 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 completion of the sale, the insider owned 113,939 shares in the company, valued at approximately $1,253,329. The trade was a 20.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.48% of the stock is owned by company insiders.

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.

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