Ford Motor Company (NYSE:F) Shares Sold by Scotia Capital Inc.

Key Points

• Scotia Capital Inc. reduced its stake in Ford Motor Company by 10.2%, leaving it with 264,875 shares valued at approximately $2.66 million as of the end of the most recent quarter.
• Ford's quarterly earnings report showed an EPS of $0.37, exceeding estimates, with revenue of $50.18 billion, marking a 5.0% increase compared to the same quarter last year.
• The company announced a quarterly dividend of $0.15 per share, which will be distributed on September 2nd, representing a 5.4% annual yield.

Scotia Capital Inc. trimmed its stake in Ford Motor Company (NYSE:F - Free Report) by 10.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 264,875 shares of the auto manufacturer's stock after selling 29,981 shares during the quarter. Scotia Capital Inc.'s holdings in Ford Motor were worth $2,657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in F. World Investment Advisors boosted its stake in shares of Ford Motor by 36.7% in the 4th quarter. World Investment Advisors now owns 45,348 shares of the auto manufacturer's stock valued at $449,000 after purchasing an additional 12,180 shares in the last quarter. Aviva PLC boosted its stake in shares of Ford Motor by 26.5% in the 4th quarter. Aviva PLC now owns 191,584 shares of the auto manufacturer's stock valued at $1,897,000 after purchasing an additional 40,174 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Ford Motor in the 4th quarter valued at $39,000. Federated Hermes Inc. boosted its stake in shares of Ford Motor by 1.9% in the 4th quarter. Federated Hermes Inc. now owns 134,951 shares of the auto manufacturer's stock valued at $1,336,000 after purchasing an additional 2,535 shares in the last quarter. Finally, Cerity Partners LLC lifted its position in Ford Motor by 203.7% during the 4th quarter. Cerity Partners LLC now owns 984,045 shares of the auto manufacturer's stock worth $9,827,000 after buying an additional 659,993 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company's stock.

Ford Motor Stock Up 0.6%

Shares of NYSE:F traded up $0.07 on Thursday, reaching $11.28. The company had a trading volume of 71,736,158 shares, compared to its average volume of 69,300,888. Ford Motor Company has a 52-week low of $8.44 and a 52-week high of $11.97. The firm's 50 day simple moving average is $10.98 and its 200-day simple moving average is $10.25. The firm has a market capitalization of $44.84 billion, a PE ratio of 14.46, a PEG ratio of 3.24 and a beta of 1.48. 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 (NYSE:F - Get Free Report) last issued its quarterly earnings data 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. 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 in the previous year, the firm posted $0.47 EPS. The company's revenue for the quarter was up 5.0% on a year-over-year basis. As a group, analysts expect that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 11th will be issued a $0.15 dividend. The ex-dividend date is Monday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 5.3%. Ford Motor's dividend payout ratio is currently 76.92%.

Insider Buying and Selling

In other Ford Motor news, insider Andrew Frick sold 30,000 shares of the company's 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 transaction, the insider directly owned 113,939 shares in the company, valued at $1,253,329. This represents a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.48% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on F. Wall Street Zen raised Ford Motor from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Royal Bank Of Canada boosted their price objective on Ford Motor from $10.00 to $11.00 and gave the stock a "sector perform" rating in a report on Tuesday. Wolfe Research raised Ford Motor from an "underperform" rating to a "peer perform" rating in a report on Wednesday, April 30th. UBS Group boosted their price objective on Ford Motor from $9.00 to $11.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Finally, Sanford C. Bernstein cut Ford Motor from a "market perform" rating to an "underperform" rating and lowered their price target for the company from $9.40 to $7.00 in a research note on Wednesday, April 9th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Ford Motor currently has a consensus rating of "Hold" and an average target price of $10.53.

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.