UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 1,169,569 Shares of Ford Motor Company $F

Key Points

• UBS Asset Management reduced its Ford stake by 4%, selling 1.17 million shares and retaining 28.14 million shares worth approximately $391.1 million. Institutional investors collectively own 58.74% of Ford.
• Ford reported quarterly earnings of $0.42 per share, beating estimates of $0.33, while revenue reached $48.3 billion but declined 3.8% year over year. The company also declared a $0.15 quarterly dividend, implying a 4.3% annualized yield.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $15.68; Ford shares recently opened at $13.89.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in Ford Motor Company (NYSE:F - Free Report) by 4.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,138,640 shares of the auto manufacturer's stock after selling 1,169,569 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.71% of Ford Motor worth $391,127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of Ford Motor during the 2nd quarter worth $4,649,131,000. Bank of America Corp DE increased its stake in Ford Motor by 318.0% in the second quarter. Bank of America Corp DE now owns 72,424,686 shares of the auto manufacturer's stock valued at $1,006,703,000 after acquiring an additional 55,100,244 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Ford Motor during the second quarter valued at about $717,218,000. Norges Bank purchased a new stake in Ford Motor during the fourth quarter valued at about $674,437,000. Finally, Deutsche Bank AG bought a new stake in Ford Motor during the second quarter worth about $267,563,000. Hedge funds and other institutional investors own 58.74% of the company's stock.

Ford Motor Price Performance

F stock opened at $13.89 on Monday. The firm's 50-day moving average price is $14.09 and its two-hundred day moving average price is $13.52. Ford Motor Company has a 12-month low of $11.11 and a 12-month high of $17.78. The stock has a market capitalization of $55.39 billion, a price-to-earnings ratio of -7.43, a PEG ratio of 0.29 and a beta of 1.82. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 3.07.

Ford Motor (NYSE:F - Get Free Report) last posted its earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates 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 negative net margin of 3.93% and a positive return on equity of 17.23%. Ford Motor's revenue for the quarter was down 3.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 earnings per share. As a group, equities analysts predict that Ford Motor Company will post 1.86 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $0.60 annualized dividend and a yield of 4.3%. Ford Motor's dividend payout ratio (DPR) is -32.09%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. The Goldman Sachs Group raised their price objective on Ford Motor from $13.00 to $16.00 and gave the company a "neutral" rating in a report on Thursday, June 11th. Wall Street Zen downgraded shares of Ford Motor from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Citigroup upgraded shares of Ford Motor from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $19.00 to $20.00 in a report on Wednesday, July 29th. Wells Fargo & Company upped their price objective on shares of Ford Motor from $10.00 to $11.00 and gave the company an "underweight" rating in a research note on Thursday, June 25th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Ford Motor in a report on Wednesday, June 24th. Eight research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $15.68.

About Ford Motor

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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