Corient Private Wealth LP Sells 88,542 Shares of Ford Motor Company $F

Key Points

• Corient Private Wealth reduced its Ford position by 14.1% in the second quarter, selling 88,542 shares and retaining 541,543 shares valued at approximately $7.5 million.
• Ford exceeded quarterly earnings expectations, reporting $0.42 EPS versus $0.33 expected and $48.3 billion in revenue, although revenue declined 3.8% year over year.
• Ford declared a quarterly dividend of $0.15 per share, equating to a 4.3% annualized yield. Analysts remain broadly cautious, with a consensus “Hold” rating and an average price target of $15.68.

Corient Private Wealth LP lowered its position in Ford Motor Company (NYSE:F - Free Report) by 14.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 541,543 shares of the auto manufacturer's stock after selling 88,542 shares during the quarter. Corient Private Wealth LP's holdings in Ford Motor were worth $7,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of Ford Motor during the second quarter valued at about $4,649,131,000. Bank of America Corp DE grew its position in Ford Motor by 318.0% in the 2nd quarter. Bank of America Corp DE now owns 72,424,686 shares of the auto manufacturer's stock worth $1,006,703,000 after purchasing an additional 55,100,244 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Ford Motor in the second quarter valued at approximately $717,218,000. Norges Bank purchased a new stake in shares of Ford Motor during the 4th quarter valued at $674,437,000. Finally, Deutsche Bank AG purchased a new stake in Ford Motor during the second quarter worth about $267,563,000. 58.74% of the stock is owned by institutional investors.

Ford Motor Stock Performance

NYSE:F opened at $13.89 on Monday. The company has a market capitalization of $55.39 billion, a price-to-earnings ratio of -7.43, a PEG ratio of 0.29 and a beta of 1.82. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.09 and a quick ratio of 0.93. Ford Motor Company has a 1-year low of $11.11 and a 1-year high of $17.78. The business has a 50 day moving average of $14.09 and a 200 day moving average of $13.52.

Ford Motor (NYSE:F - Get Free Report) last issued its earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.09. The company had revenue of $48.30 billion during the quarter, compared to analysts' expectations of $47.24 billion. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.Ford Motor's quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.37 EPS. On average, sell-side analysts predict that Ford Motor Company will post 1.86 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, August 11th. Ford Motor's dividend payout ratio is presently -32.09%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Jefferies Financial Group upgraded Ford Motor from a "hold" rating to a "buy" rating and boosted their target price for the company from $14.50 to $17.50 in a research note on Monday, July 27th. Piper Sandler raised their price target on shares of Ford Motor from $16.00 to $17.00 and gave the company an "overweight" rating in a report on Wednesday, July 29th. Zacks Research lowered Ford Motor from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 4th. The Goldman Sachs Group upped their price objective on shares of Ford Motor from $13.00 to $16.00 and gave the stock a "neutral" rating in a research report on Thursday, June 11th. Finally, Bank of America raised their target price on shares of Ford Motor from $17.00 to $20.00 and gave the company a "buy" rating in a research note on Friday, May 29th. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $15.68.

Ford Motor Company Profile

Ford Motor Company NYSE: F is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford's business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.

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