Ford Motor Company $F Shares Sold by International Assets Investment Management LLC

Key Points

• International Assets Investment Management cut its Ford stake by 61.4% in the third quarter, selling 107,916 shares and retaining 67,710 shares valued at about $817,000.
• Ford reported quarterly EPS of $0.49, above the $0.41 consensus, while revenue of $49.53 billion slightly exceeded expectations but declined 2% year over year.
• Ford declared a quarterly dividend of $0.15 per share, equivalent to a 4.7% yield; analysts’ consensus rating was Hold, with an average price target of $15.02.

International Assets Investment Management LLC lessened its holdings in shares of Ford Motor Company (NYSE:F - Free Report) by 61.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 67,710 shares of the auto manufacturer's stock after selling 107,916 shares during the period. International Assets Investment Management LLC's holdings in Ford Motor were worth $817,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. BlackRock Inc. acquired a new stake in Ford Motor in the 2nd quarter valued at about $4,649,131,000. State Street Corp grew its stake in shares of 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 purchasing an additional 1,492,186 shares during the last quarter. Bank of America Corp DE grew its stake in shares of 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 purchasing an additional 55,100,244 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Ford Motor during the second quarter valued at approximately $717,218,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Ford Motor by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 47,442,901 shares of the auto manufacturer's stock valued at $547,379,000 after purchasing an additional 1,585,557 shares in the last quarter. 58.74% of the stock is owned by institutional investors.

Ford Motor Price Performance

F opened at $12.69 on Thursday. The company has a fifty day moving average price of $12.80 and a two-hundred day moving average price of $13.34. The company has a debt-to-equity ratio of 2.97, a quick ratio of 0.94 and a current ratio of 1.08. Ford Motor Company has a 52 week low of $11.11 and a 52 week high of $17.78. The firm has a market capitalization of $50.58 billion, a PE ratio of 7.24, a P/E/G ratio of 0.23 and a beta of 1.88.

Ford Motor (NYSE:F - Get Free Report) last issued its earnings results on Wednesday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, beating the consensus estimate of $0.41 by $0.08. The company had revenue of $49.53 billion during the quarter, compared to analysts' expectations of $49.08 billion. Ford Motor had a negative net margin of 4.17% and a positive return on equity of 18.89%. The business's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS. As a group, analysts anticipate that Ford Motor Company will post 1.90 earnings per share for the current year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, November 10th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $0.60 annualized dividend and a yield of 4.7%. Ford Motor's dividend payout ratio is presently -30.46%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on F shares. DZ Bank upgraded 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. Weiss Ratings lowered Ford Motor from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, October 23rd. JPMorgan Chase & Co. lowered their target price on Ford Motor from $17.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday, October 12th. Jefferies Financial Group upgraded Ford Motor from a "hold" rating to a "buy" rating and boosted their target price for the stock from $14.50 to $17.50 in a research report on Monday, July 27th. Finally, Zacks Research cut Ford Motor from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 4th. Seven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Ford Motor has a consensus rating of "Hold" and an average price target of $15.02.

More Ford Motor News

Here are the key news stories impacting Ford Motor this week:

• Positive Sentiment: Higher-margin demand is a bright spot: combined sales of Tremor and Platinum trims rose nearly 60% through September. Ford also reported a 40% year-over-year increase in active subscriptions and record quarterly software and services revenue. Ford's Q3 Sales Slipped. Here's the Silver Lining: Customers Are Splurging on Fancy Trims. Ford's Next Growth Engine Could Already Be in Your Driveway
• Positive Sentiment: Ford says cost reductions, disciplined production and improved pricing are helping narrow Model e losses. Its conventional Ford Blue business also has support from truck and SUV demand, cost savings and a nine-month EBIT increase. Will Ford's Gen-1 Cost Reductions Drive Further Model e Improvements? Can Ford Blue Achieve Its $5.5 Billion EBIT Target in 2026?
• Neutral Sentiment: Ford’s Q3 adjusted EPS of $0.49 beat analyst expectations, though revenue of $49.53 billion was slightly below consensus. The results offer some earnings support amid softer sales. F Q3 deep dive: auto adjacencies offset sales volume declines, affordable EV launch in focus
• Negative Sentiment: Q3 vehicle sales fell 6.6%, and revenue declined 2% year over year. Although Model e losses narrowed, its margins deteriorated further; the upcoming Fathom midsize electric pickup launch will be an important test of the EV turnaround. Ford's EV Losses Narrowed. Is the Turnaround Fool's Gold?

Ford Motor Profile

Ford Motor Co is an American automobile manufacturer founded in 1903 by Henry Ford and headquartered in Dearborn, Michigan. The company helped popularize mass automobile production and is known for brands including Ford and Lincoln.

Ford develops, manufactures and sells cars, trucks, sport utility vehicles, commercial vehicles and electric vehicles. Its product portfolio includes the F-Series pickup trucks, Transit commercial vans, Mustang sports cars and a range of utility vehicles. The company also provides vehicle software, connected services, fleet solutions, maintenance and other support services.

Ford operates through Ford Blue, which focuses on gasoline- and hybrid-powered vehicles; Model e, which develops electric vehicles and related technologies; and Ford Pro, which serves commercial and fleet customers.

Want to see what other hedge funds are holding F? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ford Motor Company (NYSE:F - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.