Bright Futures Wealth Management LLC. Sells 35,430 Shares of Ford Motor Company (NYSE:F)

Bright Futures Wealth Management LLC. trimmed its holdings in Ford Motor Company (NYSE:F - Free Report) by 33.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,065 shares of the auto manufacturer's stock after selling 35,430 shares during the quarter. Bright Futures Wealth Management LLC.'s holdings in Ford Motor were worth $664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Ford Motor by 16.6% in the 4th quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer's stock worth $3,980,630,000 after purchasing an additional 57,182,803 shares in the last quarter. Norges Bank purchased a new position in Ford Motor in the fourth quarter worth about $387,282,000. Jacobs Levy Equity Management Inc. lifted its stake in shares of Ford Motor by 88.0% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 22,512,285 shares of the auto manufacturer's stock worth $222,872,000 after buying an additional 10,535,335 shares in the last quarter. Voloridge Investment Management LLC grew its holdings in shares of Ford Motor by 2,905.1% during the fourth quarter. Voloridge Investment Management LLC now owns 7,989,463 shares of the auto manufacturer's stock valued at $79,096,000 after buying an additional 7,723,601 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Ford Motor by 5.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 129,106,379 shares of the auto manufacturer's stock valued at $1,278,153,000 after acquiring an additional 6,497,321 shares in the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Stock Performance

F stock traded down $0.23 during midday trading on Wednesday, reaching $10.50. 91,833,936 shares of the company's stock traded hands, compared to its average volume of 81,153,716. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.26. Ford Motor Company has a 52-week low of $8.44 and a 52-week high of $14.85. The stock has a market cap of $41.75 billion, a P/E ratio of 8.40, a PEG ratio of 0.91 and a beta of 1.50. The stock's 50-day moving average is $10.29 and its 200 day moving average is $9.96.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.02) by $0.16. Ford Motor had a net margin of 2.74% and a return on equity of 13.49%. The firm had revenue of $40.66 billion during the quarter, compared to the consensus estimate of $35.99 billion. During the same quarter in the previous year, the firm posted $0.49 EPS. The company's revenue for the quarter was down 6.2% compared to the same quarter last year. As a group, analysts anticipate that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 12th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.71%. The ex-dividend date was Monday, May 12th. Ford Motor's dividend payout ratio is presently 48.00%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Barclays upped their price objective on Ford Motor from $8.00 to $9.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. The Goldman Sachs Group increased their price objective on Ford Motor from $9.00 to $10.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. TD Cowen started coverage on Ford Motor in a research report on Friday, March 7th. They issued a "hold" rating and a $10.00 target price for the company. UBS Group lowered their target price on shares of Ford Motor from $10.00 to $9.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Finally, Wall Street Zen upgraded shares of Ford Motor from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $10.03.

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.