Janney Montgomery Scott LLC Sells 47,346 Shares of Ford Motor Company $F

Key Points

• Janney Montgomery Scott LLC sold 47,346 shares of Ford Motor Company, reducing its holdings by 10.1% to 422,085 shares, valued at approximately $4.58 million.
• Ford reported a 5% year-over-year increase in revenue for the second quarter, totaling $50.18 billion, surpassing analysts' expectations of $42.91 billion.
• The company announced a quarterly dividend of $0.15 per share, resulting in a 5% annual yield and a payout ratio of 76.92%.

Janney Montgomery Scott LLC decreased its holdings in shares of Ford Motor Company (NYSE:F - Free Report) by 10.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 422,085 shares of the auto manufacturer's stock after selling 47,346 shares during the quarter. Janney Montgomery Scott LLC's holdings in Ford Motor were worth $4,580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in Ford Motor by 13.8% in the first quarter. Vanguard Group Inc. now owns 457,660,361 shares of the auto manufacturer's stock worth $4,590,333,000 after acquiring an additional 55,576,478 shares in the last quarter. Pacer Advisors Inc. grew its position in Ford Motor by 6,915.1% in the first quarter. Pacer Advisors Inc. now owns 49,078,048 shares of the auto manufacturer's stock worth $492,253,000 after acquiring an additional 48,378,444 shares in the last quarter. Nuveen LLC purchased a new position in Ford Motor in the first quarter worth $123,147,000. Charles Schwab Investment Management Inc. grew its position in Ford Motor by 8.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 140,053,906 shares of the auto manufacturer's stock worth $1,404,741,000 after acquiring an additional 10,947,527 shares in the last quarter. Finally, Aberdeen Group plc grew its position in Ford Motor by 150.6% in the first quarter. Aberdeen Group plc now owns 7,264,106 shares of the auto manufacturer's stock worth $72,169,000 after acquiring an additional 4,365,125 shares in the last quarter. Institutional investors own 58.74% of the company's stock.

Ford Motor Stock Down 6.1%

Shares of F stock opened at $11.93 on Wednesday. The stock has a market cap of $47.46 billion, a P/E ratio of 15.29, a PEG ratio of 3.65 and a beta of 1.53. Ford Motor Company has a 52 week low of $8.44 and a 52 week high of $12.80. The company has a quick ratio of 0.95, a current ratio of 1.10 and a debt-to-equity ratio of 2.24. The company's fifty day simple moving average is $11.63 and its two-hundred day simple moving average is $10.86.

Ford Motor (NYSE:F - Get Free Report) last announced its quarterly 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. The business had revenue of $50.18 billion for the quarter, compared to analysts' expectations of $42.91 billion. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The business's quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.47 EPS. Analysts predict that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Monday, August 11th. Ford Motor's dividend payout ratio is currently 76.92%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Weiss Ratings reiterated a "hold (c-)" rating on shares of Ford Motor in a research report on Saturday, September 27th. Dbs Bank lowered shares of Ford Motor from a "hold" rating to a "moderate sell" rating in a research report on Monday, August 4th. JPMorgan Chase & Co. upped their price target on shares of Ford Motor from $12.00 to $13.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Wells Fargo & Company upped their price target on shares of Ford Motor from $8.00 to $10.00 and gave the company an "underweight" rating in a research report on Friday, October 3rd. Finally, Piper Sandler upped their price target on shares of Ford Motor from $9.00 to $9.50 and gave the company a "neutral" rating in a research report on Thursday, July 31st. Two investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $11.04.

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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