Invesco Ltd. Sells 6,855,782 Shares of Ford Motor Company (NYSE:F)

Key Points

• Invesco Ltd. reduced its holdings in Ford Motor Company by 14.9%, selling 6,855,782 shares, leaving the fund with approximately 39 million shares valued at $393 million.
• Insider Andrew Frick sold 30,000 shares of Ford, representing a 20.84% decrease in his position, at an average price of $11.00, totaling $330,000.
• Barclays and other research firms have raised their price targets for Ford, with the average target now at $10.53, and the company has an average rating of "Hold" from analysts.

Invesco Ltd. cut its holdings in Ford Motor Company (NYSE:F - Free Report) by 14.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,201,314 shares of the auto manufacturer's stock after selling 6,855,782 shares during the quarter. Invesco Ltd. owned approximately 0.99% of Ford Motor worth $393,189,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Grove Bank & Trust grew its position in shares of Ford Motor by 289.1% during 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 position in shares of Ford Motor during the 1st quarter valued at about $27,000. Olde Wealth Management LLC bought a new position in shares of Ford Motor during the 1st quarter valued at about $28,000. MorganRosel Wealth Management LLC bought a new position in shares of Ford Motor during the 1st quarter valued at about $30,000. Finally, Spurstone Advisory Services LLC bought a new position in shares of Ford Motor during the 4th quarter valued at about $31,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on F shares. Citigroup upped their price objective on Ford Motor from $10.00 to $11.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. The Goldman Sachs Group upped their price objective on Ford Motor from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. UBS Group upped their price objective on Ford Motor from $9.00 to $11.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Wall Street Zen upgraded Ford Motor from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Finally, Wolfe Research upgraded Ford Motor from an "underperform" rating to a "peer perform" rating in a research note on Wednesday, April 30th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $10.53.

Ford Motor Trading Up 0.9%

Shares of F stock traded up $0.10 on Tuesday, hitting $11.24. The company had a trading volume of 63,929,311 shares, compared to its average volume of 69,794,448. The firm has a market cap of $44.73 billion, a P/E ratio of 14.41, a P/E/G ratio of 3.22 and a beta of 1.48. The stock's 50-day moving average is $11.05 and its two-hundred day moving average is $10.27. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.95 and a current ratio of 1.10. Ford Motor Company has a twelve month low of $8.44 and a twelve month high of $11.97.

Ford Motor (NYSE:F - Get Free Report) last released its earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 EPS for the quarter, topping the consensus estimate of $0.33 by $0.04. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%. The business had revenue of $50.18 billion during the quarter, compared to analysts' expectations of $42.91 billion. During the same quarter last year, the firm posted $0.47 earnings per share. The firm's revenue was up 5.0% on a year-over-year basis. On average, equities research analysts anticipate 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. Stockholders of record on Monday, August 11th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Monday, August 11th. Ford Motor's payout ratio is presently 76.92%.

Insider Activity at Ford Motor

In other news, insider Andrew Frick sold 30,000 shares of Ford Motor stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total transaction of $330,000.00. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.48% of the stock is owned by 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.