Gateway Investment Advisers LLC Trims Holdings in Ford Motor Company $F

Gateway Investment Advisers LLC decreased its position in shares of Ford Motor Company (NYSE:F - Free Report) by 4.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,121,105 shares of the auto manufacturer's stock after selling 58,192 shares during the period. Gateway Investment Advisers LLC's holdings in Ford Motor were worth $12,164,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of F. Grove Bank & Trust boosted its holdings in Ford Motor by 289.1% in the 1st quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer's stock worth $25,000 after buying an additional 1,882 shares during the period. Elite Financial Inc. bought a new stake in Ford Motor during the 1st quarter valued at approximately $27,000. Olde Wealth Management LLC bought a new position in Ford Motor in the 1st quarter worth approximately $28,000. MorganRosel Wealth Management LLC bought a new position in Ford Motor in the 1st quarter worth approximately $30,000. Finally, Wood Tarver Financial Group LLC purchased a new stake in Ford Motor during the 4th quarter valued at approximately $31,000. 58.74% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Andrew Frick sold 30,000 shares of Ford Motor stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $11.00, for a total transaction of $330,000.00. Following the completion of the sale, the insider owned 113,939 shares in the company, valued at $1,253,329. This trade represents a 20.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.48% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Dbs Bank cut shares of Ford Motor from a "hold" rating to a "moderate sell" rating in a research note on Monday, August 4th. JPMorgan Chase & Co. raised their target price on shares of Ford Motor from $12.00 to $13.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Royal Bank Of Canada upped their price target on shares of Ford Motor from $10.00 to $11.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 5th. Wall Street Zen raised shares of Ford Motor from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Finally, Jefferies Financial Group upped their target price on shares of Ford Motor from $8.00 to $9.00 and gave the company an "underperform" rating in a research report on Monday, August 11th. Two equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average price target of $10.53.

Ford Motor Stock Performance

Shares of NYSE:F opened at $11.61 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 2.24. Ford Motor Company has a 12 month low of $8.44 and a 12 month high of $11.99. The company has a market capitalization of $46.21 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 3.36 and a beta of 1.52. The firm's 50-day moving average is $11.47 and its 200 day moving average is $10.63.

Ford Motor (NYSE:F - Get Free Report) last announced its earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.04. The business had revenue of $50.18 billion during the quarter, compared to analyst estimates of $42.91 billion. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.The company's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.47 earnings per share. Research analysts predict that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th were issued a $0.15 dividend. The ex-dividend date was Monday, August 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.2%. Ford Motor's dividend payout ratio is presently 76.92%.

About Ford Motor

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.

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