Tocqueville Asset Management L.P. Has $809,000 Stock Holdings in Ford Motor Company $F

Key Points

• Tocqueville Asset Management L.P. reduced its stake in Ford Motor Company by 65.2%, owning 80,673 shares worth $809,000 after selling 151,000 shares in Q1.
• Ford Motor's stock recently traded at $11.46, with a market cap of $45.61 billion and price targets from analysts ranging between $9.00 and $13.00.
• The company announced a quarterly dividend of $0.15 to be paid on September 2nd, offering an annualized yield of 5.2% for shareholders.

Tocqueville Asset Management L.P. reduced its position in Ford Motor Company (NYSE:F - Free Report) by 65.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 80,673 shares of the auto manufacturer's stock after selling 151,000 shares during the quarter. Tocqueville Asset Management L.P.'s holdings in Ford Motor were worth $809,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Grove Bank & Trust lifted its position in Ford Motor by 289.1% in the first quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer's stock worth $25,000 after purchasing an additional 1,882 shares during the period. Elite Financial Inc. bought a new position in Ford Motor in the first quarter worth $27,000. Olde Wealth Management LLC bought a new position in Ford Motor in the first quarter worth $28,000. MorganRosel Wealth Management LLC bought a new position in Ford Motor in the first quarter worth $30,000. Finally, Spurstone Advisory Services LLC bought a new position in Ford Motor in the fourth quarter worth $31,000. 58.74% of the stock is owned by institutional investors.

Ford Motor Trading Down 0.6%

Shares of F traded down $0.0650 during trading hours on Wednesday, hitting $11.5150. 37,728,118 shares of the stock traded hands, compared to its average volume of 99,178,031. 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 Company has a 1-year low of $8.44 and a 1-year high of $11.97. The firm has a market capitalization of $45.83 billion, a PE ratio of 14.78, a price-to-earnings-growth ratio of 3.31 and a beta of 1.48. The business has a fifty day moving average of $11.16 and a 200-day moving average of $10.32.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $42.91 billion. During the same quarter in the prior year, the firm posted $0.47 earnings per share. The firm's revenue for the quarter was up 5.0% compared to the same quarter last year. Analysts expect that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Monday, August 11th. Ford Motor's dividend payout ratio is 76.92%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. The Goldman Sachs Group upped their price target on Ford Motor from $9.00 to $10.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Citigroup boosted their target price on shares of Ford Motor from $10.00 to $11.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Barclays increased their target price on shares of Ford Motor from $9.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. UBS Group lifted their price target on shares of Ford Motor from $9.00 to $11.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Finally, Wolfe Research raised shares of Ford Motor from an "underperform" rating to a "peer perform" rating in a report on Wednesday, April 30th. Two investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Reduce" and an average target price of $10.53.

Insider Buying and Selling

In related news, insider Andrew Frick sold 30,000 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total value of $330,000.00. Following the completion of the sale, the insider owned 113,939 shares in the company, valued at approximately $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 SEC, which can be accessed through this link. Corporate insiders own 0.48% of the company's stock.

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.