Ford Motor Company $F Shares Sold by Curated Wealth Partners LLC

Key Points

• Curated Wealth Partners cut its Ford stake by 81.9% in the third quarter, selling 155,092 shares and retaining 34,371 shares valued at approximately $415,000.
• Ford shares opened at $12.45, near the lower end of their 12-month range, while institutional investors collectively owned 58.74% of the company. The stock offers a quarterly dividend of $0.15, equivalent to a 4.8% annualized yield.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $15.36; targets range from $15 to $20 following several recent rating changes.

Curated Wealth Partners LLC cut its stake in Ford Motor Company (NYSE:F - Free Report) by 81.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,371 shares of the auto manufacturer's stock after selling 155,092 shares during the period. Curated Wealth Partners LLC's holdings in Ford Motor were worth $415,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Ford Motor in the second quarter valued at $4,649,131,000. State Street Corp boosted its position in Ford Motor by 0.8% during the second quarter. State Street Corp now owns 194,039,770 shares of the auto manufacturer's stock valued at $2,697,153,000 after acquiring an additional 1,492,186 shares during the last quarter. Bank of America Corp DE boosted its position in Ford Motor by 318.0% during the second quarter. Bank of America Corp DE now owns 72,424,686 shares of the auto manufacturer's stock valued at $1,006,703,000 after acquiring an additional 55,100,244 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Ford Motor during the 2nd quarter worth about $717,218,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Ford Motor by 3.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 47,442,901 shares of the auto manufacturer's stock worth $547,379,000 after acquiring an additional 1,585,557 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company's stock.

Ford Motor Price Performance

Shares of NYSE:F opened at $12.45 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07. Ford Motor Company has a twelve month low of $11.11 and a twelve month high of $17.78. The stock's 50 day moving average is $13.33 and its 200-day moving average is $13.56. The firm has a market capitalization of $49.63 billion, a price-to-earnings ratio of 7.42, a PEG ratio of 0.25 and a beta of 1.93.

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

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 4.8%. Ford Motor's payout ratio is presently -32.09%.

Analysts Set New Price Targets

F has been the subject of several recent analyst reports. TD Cowen raised their target price on Ford Motor from $13.00 to $15.00 and gave the stock a "hold" rating in a research note on Wednesday, July 29th. Dbs Bank upgraded Ford Motor from a "hold" rating to a "moderate buy" rating in a report on Tuesday, August 11th. DZ Bank raised shares of Ford Motor from a "sell" rating to a "hold" rating and set a $16.00 price objective for the company in a research report on Friday, July 31st. JPMorgan Chase & Co. reduced their price objective on shares of Ford Motor from $17.00 to $16.00 and set an "overweight" rating for the company in a research report on Monday, October 12th. Finally, Citigroup upgraded shares of Ford Motor from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $19.00 to $20.00 in a research note on Wednesday, July 29th. Seven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Ford Motor has a consensus rating of "Hold" and an average target price of $15.36.

Ford Motor Profile

Ford Motor Co is an American automobile manufacturer that designs, manufactures, markets and services a broad range of vehicles and mobility-related products. Its lineup includes cars, trucks, sport utility vehicles, commercial vehicles and electric vehicles sold under the Ford brand, as well as luxury vehicles marketed through its Lincoln brand.

Founded by Henry Ford in 1903 and headquartered in Dearborn, Michigan, Ford is one of the world's oldest major automakers. The company helped popularize mass automobile production and continues to serve customers in North America, South America, Europe and other international markets through manufacturing, sales and distribution operations.

Ford organizes its operations around Ford Blue for gasoline and hybrid vehicles, Model e for electric vehicles, and Ford Pro for commercial customers and related services.

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