Corient Private Wealth LP Trims Position in Ford Motor Company $F

Key Points

• Corient Private Wealth LP reduced its Ford Motor position by 25% in the second quarter, selling 157,741 shares and retaining 472,344 shares valued at approximately $6.6 million.
• Institutional ownership remains significant at 58.74%, with several funds—including Norges Bank, TD Asset Management, and Public Employees Retirement System of Ohio—adding to their Ford holdings.
• Ford beat quarterly earnings and revenue expectations, reporting $0.42 in EPS and $48.3 billion in revenue. Analysts’ consensus rating is “Hold,” with an average price target of $15.68, while the company maintains a $0.15 quarterly dividend yielding about 4.4%.

Corient Private Wealth LP cut its holdings in shares of Ford Motor Company (NYSE:F - Free Report) by 25.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 472,344 shares of the auto manufacturer's stock after selling 157,741 shares during the quarter. Corient Private Wealth LP's holdings in Ford Motor were worth $6,566,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in F. Norges Bank bought a new position in shares of Ford Motor in the 4th quarter worth about $674,437,000. SBI Okasan Asset Management Co.Ltd. bought a new stake in shares of Ford Motor during the 4th quarter valued at about $1,769,000. TD Asset Management Inc raised its stake in Ford Motor by 11.0% during the fourth quarter. TD Asset Management Inc now owns 1,908,234 shares of the auto manufacturer's stock worth $25,036,000 after acquiring an additional 189,310 shares during the period. Wealthfront Advisers LLC acquired a new stake in Ford Motor during the second quarter worth about $11,492,000. Finally, Public Employees Retirement System of Ohio lifted its holdings in Ford Motor by 22.4% in the first quarter. Public Employees Retirement System of Ohio now owns 2,001,319 shares of the auto manufacturer's stock worth $23,095,000 after acquiring an additional 366,218 shares during the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on F shares. Wall Street Zen downgraded Ford Motor from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Dbs Bank upgraded shares of Ford Motor from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, August 11th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Ford Motor in a report on Wednesday, June 24th. Bank of America lifted their price target on Ford Motor from $17.00 to $20.00 and gave the company a "buy" rating in a report on Friday, May 29th. Finally, Barclays boosted their price objective on Ford Motor from $13.00 to $14.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 9th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $15.68.

Ford Motor Price Performance

NYSE F opened at $13.62 on Friday. The stock has a market capitalization of $54.30 billion, a P/E ratio of -7.28, a P/E/G ratio of 0.28 and a beta of 1.83. Ford Motor Company has a 1 year low of $11.11 and a 1 year high of $17.78. The business's fifty day moving average is $14.13 and its two-hundred day moving average is $13.51. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.93 and a current ratio of 1.09.

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

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were issued a $0.15 dividend. The ex-dividend date was Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.4%. Ford Motor's dividend payout ratio is presently -32.09%.

Ford Motor Company Profile

Ford Motor Co is a global automotive company that designs, manufactures, markets and services cars, trucks, sport utility vehicles and commercial vehicles. Its portfolio includes the Ford and Lincoln brands, as well as a range of gasoline-powered, hybrid and electric vehicles. Ford also provides vehicle maintenance, repair and related services through its dealer network.

The company organizes its automotive operations into Ford Blue, which focuses on traditional and hybrid vehicles; Ford Model e, which develops electric vehicles and connected technologies; and Ford Pro, which serves commercial and government customers with vehicles, software and fleet-management services.

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