Dimensional Fund Advisors LP Sells 173,123 Shares of Ford Motor Company $F

Key Points

• Dimensional Fund Advisors LP reduced its stake in Ford Motor Company by 0.4%, selling 173,123 shares, yet still holds approximately 46.3 million shares valued at around $464.6 million.
• Ford reported a better-than-expected earnings per share of $0.37 for the quarter, exceeding the consensus estimate of $0.33, with revenue reaching $50.18 billion.
• The company declared a quarterly dividend of $0.15 per share, resulting in an annualized yield of 5.2%, with a dividend payout ratio of 76.92%.

Dimensional Fund Advisors LP lowered its position in Ford Motor Company (NYSE:F - Free Report) by 0.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,335,759 shares of the auto manufacturer's stock after selling 173,123 shares during the quarter. Dimensional Fund Advisors LP owned 1.17% of Ford Motor worth $464,596,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Tounjian Advisory Partners LLC bought a new position in Ford Motor in the 1st quarter worth about $974,000. Generali Investments CEE investicni spolecnost a.s. grew its position in Ford Motor by 25.0% in the 1st 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. Abundance Wealth Counselors grew its position in Ford Motor by 32.6% in the 1st 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. OneAscent Financial Services LLC grew its position in Ford Motor by 107.1% in the 1st quarter. OneAscent Financial Services LLC now owns 122,748 shares of the auto manufacturer's stock worth $1,224,000 after purchasing an additional 63,488 shares during the last quarter. Finally, Maridea Wealth Management LLC grew its position in Ford Motor by 280.2% in the 1st quarter. Maridea Wealth Management LLC now owns 53,687 shares of the auto manufacturer's stock worth $538,000 after purchasing an additional 39,567 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on F. Wolfe Research upgraded shares of Ford Motor from an "underperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. Citigroup upped their target price on shares of Ford Motor from $10.00 to $11.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. UBS Group increased their price objective on shares of Ford Motor from $9.00 to $11.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Wall Street Zen upgraded shares of Ford Motor from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Finally, Jefferies Financial Group increased their price objective on shares of Ford Motor from $8.00 to $9.00 and gave the company an "underperform" rating in a report on Monday, August 11th. Three investment 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $10.53.

Ford Motor Stock Up 0.2%

F stock traded up $0.02 during midday trading on Monday, reaching $11.46. The company had a trading volume of 37,047,732 shares, compared to its average volume of 99,846,664. Ford Motor Company has a 1 year low of $8.44 and a 1 year high of $11.97. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 2.24. The company has a market capitalization of $45.61 billion, a P/E ratio of 14.69, a PEG ratio of 3.30 and a beta of 1.48. The company has a 50 day moving average of $11.12 and a two-hundred day moving average of $10.30.

Ford Motor (NYSE:F - Get Free Report) last released its earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $42.91 billion. During the same quarter in the prior year, the firm earned $0.47 EPS. The company's revenue was up 5.0% compared to the same quarter last year. On average, equities research analysts expect that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th will be paid a $0.15 dividend. The ex-dividend date is Monday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 5.2%. Ford Motor's payout ratio is 76.92%.

Insider Transactions at Ford Motor

In other Ford Motor news, insider Andrew Frick sold 30,000 shares of Ford Motor stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $11.00, for a total value of $330,000.00. Following the completion of the sale, the insider directly owned 113,939 shares in the company, valued at $1,253,329. The trade was a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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.