Northwestern Mutual Wealth Management Co. Sells 84,682 Shares of Ford Motor Company $F

Key Points

• Northwestern Mutual Wealth Management reduced its Ford stake by 18.1%, selling 84,682 shares during the second quarter and retaining 383,081 shares valued at approximately $5.3 million.
• Analyst sentiment remains mixed: Ford has an overall consensus rating of “Hold” with a $15.68 average price target, although Citigroup upgraded the stock to “Buy” and several firms raised their targets.
• Ford reported quarterly EPS of $0.42, beating estimates of $0.33, and revenue of $48.3 billion. The company also announced a quarterly dividend of $0.15 per share, equivalent to a 4.2% annualized yield.

Northwestern Mutual Wealth Management Co. trimmed its stake in Ford Motor Company (NYSE:F - Free Report) by 18.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 383,081 shares of the auto manufacturer's stock after selling 84,682 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in Ford Motor were worth $5,325,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. MV Capital Management Inc. bought a new stake in shares of Ford Motor in the 4th quarter worth approximately $25,000. McMillan Office Inc. bought a new position in Ford Motor during the fourth quarter valued at $26,000. Johnson Financial Group Inc. increased its position in Ford Motor by 55.4% in the third quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer's stock worth $28,000 after buying an additional 837 shares during the last quarter. Legacy Wealth Managment LLC ID increased its position in Ford Motor by 108.4% in the first quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer's stock worth $27,000 after buying an additional 1,230 shares during the last quarter. Finally, Garton & Associates Financial Advisors LLC purchased a new stake in Ford Motor in the fourth quarter worth $32,000. 58.74% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on F shares. Citigroup raised Ford Motor from a "neutral" rating to a "buy" rating and upped their price target for the company from $19.00 to $20.00 in a research report on Wednesday, July 29th. Zacks Research lowered Ford Motor from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 4th. UBS Group boosted their price objective on Ford Motor from $14.00 to $17.00 and gave the company a "buy" rating in a research note on Monday, June 8th. JPMorgan Chase & Co. increased their target price on shares of Ford Motor from $16.00 to $17.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Finally, Wells Fargo & Company lifted their target price on shares of Ford Motor from $10.00 to $11.00 and gave the stock an "underweight" rating in a research note on Thursday, June 25th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $15.68.

Ford Motor Stock Performance

NYSE:F opened at $14.44 on Monday. The business's 50-day moving average price is $14.12 and its two-hundred day moving average price is $13.51. Ford Motor Company has a twelve month low of $11.11 and a twelve month high of $17.78. The stock has a market cap of $57.58 billion, a P/E ratio of -7.72, a PEG ratio of 0.30 and a beta of 1.82. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS for the quarter, topping the consensus estimate of $0.33 by $0.09. The company had revenue of $48.30 billion during the quarter, compared to analyst estimates of $47.24 billion. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.Ford Motor's revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.37 earnings per share. As a group, equities 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 given a dividend of $0.15 per share. The ex-dividend date is Tuesday, August 11th. This represents a $0.60 annualized dividend and a yield of 4.2%. Ford Motor's payout ratio is presently -32.09%.

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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