Ford Motor Company $F Shares Sold by Handelsbanken Fonder AB

Key Points

• Handelsbanken Fonder AB cut its Ford holdings by 58% in the second quarter, selling 241,628 shares and retaining 175,077 shares valued at approximately $2.43 million. Institutional investors collectively own 58.74% of Ford.
• Ford reported quarterly EPS of $0.42, beating estimates of $0.33, while revenue reached $48.30 billion, above expectations but down 3.8% year over year.
• Ford announced a quarterly dividend of $0.15 per share, equivalent to $0.60 annually and a 4.2% yield. Analysts maintain a consensus “Hold” rating with an average price target of $15.68.

Handelsbanken Fonder AB lessened its holdings in Ford Motor Company (NYSE:F - Free Report) by 58.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 175,077 shares of the auto manufacturer's stock after selling 241,628 shares during the period. Handelsbanken Fonder AB's holdings in Ford Motor were worth $2,434,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Ford Motor in the fourth quarter valued at approximately $674,437,000. Marshall Wace LLP grew its stake in Ford Motor by 81.1% in the 3rd quarter. Marshall Wace LLP now owns 35,438,722 shares of the auto manufacturer's stock valued at $423,847,000 after acquiring an additional 15,866,285 shares during the period. AQR Capital Management LLC grew its stake in Ford Motor by 610.1% in the 4th quarter. AQR Capital Management LLC now owns 11,177,304 shares of the auto manufacturer's stock valued at $146,646,000 after acquiring an additional 9,603,267 shares during the period. Bank of New York Mellon Corp increased its holdings in Ford Motor by 26.9% in the 4th quarter. Bank of New York Mellon Corp now owns 38,153,383 shares of the auto manufacturer's stock worth $500,572,000 after acquiring an additional 8,086,564 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in Ford Motor by 458.7% in the 1st quarter. SG Americas Securities LLC now owns 9,002,765 shares of the auto manufacturer's stock worth $103,892,000 after acquiring an additional 7,391,361 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company's stock.

Ford Motor Trading Down 0.1%

Shares of Ford Motor stock opened at $14.36 on Monday. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.09 and a quick ratio of 0.93. The stock's 50 day simple moving average is $14.18 and its 200-day simple moving average is $13.50. The stock has a market cap of $57.26 billion, a P/E ratio of -7.68, a P/E/G ratio of 0.30 and a beta of 1.82. Ford Motor Company has a 1-year low of $11.11 and a 1-year high of $17.78.

Ford Motor (NYSE:F - Get Free Report) last posted its quarterly 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 firm had revenue of $48.30 billion during the quarter, compared to analysts' expectations of $47.24 billion. During the same quarter last year, the firm earned $0.37 earnings per share. The business's revenue for the quarter was down 3.8% on a year-over-year basis. Analysts predict that Ford Motor Company will post 1.86 EPS for the current fiscal year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.2%. Ford Motor's dividend payout ratio (DPR) is -32.09%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group increased their price objective on shares of Ford Motor from $13.00 to $16.00 and gave the company a "neutral" rating in a report on Thursday, June 11th. Dbs Bank raised shares of Ford Motor from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, August 11th. Barclays upped their price target on shares of Ford Motor from $13.00 to $14.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 9th. JPMorgan Chase & Co. raised their price target on shares of Ford Motor from $16.00 to $17.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Ford Motor in a report on Wednesday, June 24th. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target 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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