PDT Partners LLC Sells 619,640 Shares of Ford Motor Company $F

Key Points

• PDT Partners LLC reduced its stake in Ford Motor Company by 86.3% in the first quarter, now holding 98,461 shares valued at approximately $988,000.
• Ford reported earnings of $0.37 per share for the last quarter, beating estimates, with revenue reaching $50.18 billion and a year-over-year growth of 5%.
• The company announced a quarterly dividend of $0.15, resulting in a 5.2% dividend yield for stockholders.

PDT Partners LLC cut its holdings in Ford Motor Company (NYSE:F - Free Report) by 86.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,461 shares of the auto manufacturer's stock after selling 619,640 shares during the period. PDT Partners LLC's holdings in Ford Motor were worth $988,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Grove Bank & Trust grew its holdings in shares of Ford Motor by 289.1% in the first quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer's stock valued at $25,000 after acquiring an additional 1,882 shares in the last quarter. Elite Financial Inc. bought a new position in shares of Ford Motor in the first quarter valued at approximately $27,000. Olde Wealth Management LLC bought a new position in shares of Ford Motor in the first quarter valued at approximately $28,000. MorganRosel Wealth Management LLC bought a new position in shares of Ford Motor in the first quarter valued at approximately $30,000. Finally, Spurstone Advisory Services LLC bought a new position in shares of Ford Motor in the fourth quarter valued at approximately $31,000. 58.74% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Ford Motor news, insider Andrew Frick sold 30,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $11.00, for a total transaction of $330,000.00. Following the transaction, the insider directly owned 113,939 shares in the company, valued at $1,253,329. This trade represents a 20.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.48% of the stock is owned by insiders.

Ford Motor Price Performance

Ford Motor stock traded up $0.06 during midday trading on Friday, reaching $11.74. 47,531,810 shares of the stock were exchanged, compared to its average volume of 48,778,584. The company's fifty day moving average is $11.46 and its 200-day moving average is $10.52. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.95 and a current ratio of 1.10. The firm has a market cap of $46.70 billion, a PE ratio of 15.05, a PEG ratio of 3.38 and a beta of 1.52. Ford Motor Company has a 52 week low of $8.44 and a 52 week high of $11.99.

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

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date was Monday, August 11th. Ford Motor's dividend payout ratio (DPR) is presently 76.92%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Wall Street Zen upgraded Ford Motor from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Dbs Bank downgraded Ford Motor from a "hold" rating to a "moderate sell" rating in a research note on Monday, August 4th. UBS Group upped their price objective on Ford Motor from $9.00 to $11.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Jefferies Financial Group boosted their price objective on Ford Motor from $8.00 to $9.00 and gave the company an "underperform" rating in a research note on Monday, August 11th. Finally, Barclays boosted their price objective on Ford Motor from $9.00 to $11.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Two research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus price target of $10.53.

Ford Motor 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.