Wellington Management Group LLP Sells 90,339 Shares of Ford Motor Company $F

Key Points

• Wellington Management reduced its Ford stake by 11.9% in the second quarter, selling 90,339 shares and retaining 667,457 shares valued at approximately $9.28 million.
• Other institutions made larger moves into Ford, including BlackRock’s new $4.65 billion position and Bank of America’s 318% increase. Institutional investors collectively own 58.74% of Ford’s stock.
• Ford beat quarterly earnings expectations with $0.42 in EPS versus $0.33 forecast and $48.30 billion in revenue, while maintaining a $0.15 quarterly dividend yielding about 4.3%. Analysts’ consensus rating remains “Hold,” with a $15.68 target price.

Wellington Management Group LLP decreased its stake in Ford Motor Company (NYSE:F - Free Report) by 11.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 667,457 shares of the auto manufacturer's stock after selling 90,339 shares during the quarter. Wellington Management Group LLP's holdings in Ford Motor were worth $9,278,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Ford Motor during the second quarter valued at approximately $4,649,131,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Ford Motor by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 152,017,084 shares of the auto manufacturer's stock valued at $1,994,464,000 after buying an additional 4,089,779 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Ford Motor by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 106,600,353 shares of the auto manufacturer's stock valued at $1,394,697,000 after buying an additional 1,255,349 shares in the last quarter. Bank of America Corp DE boosted its holdings in Ford Motor by 318.0% in the 2nd quarter. Bank of America Corp DE now owns 72,424,686 shares of the auto manufacturer's stock worth $1,006,703,000 after buying an additional 55,100,244 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in Ford Motor in the 2nd quarter worth $717,218,000. Institutional investors own 58.74% of the company's stock.

Ford Motor Trading Down 4.0%

Shares of F opened at $14.03 on Wednesday. Ford Motor Company has a fifty-two week low of $11.11 and a fifty-two week high of $17.78. The stock has a market capitalization of $55.96 billion, a PE ratio of -7.50, a P/E/G ratio of 0.30 and a beta of 1.83. The company's fifty day moving average is $14.12 and its 200 day moving average is $13.53. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.93 and a current ratio of 1.09.

Ford Motor (NYSE:F - Get Free Report) last released its quarterly earnings results 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%.The firm's revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the business posted $0.37 earnings per share. Sell-side analysts expect that Ford Motor Company will post 1.86 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.3%. The ex-dividend date was Tuesday, August 11th. Ford Motor's dividend payout ratio is presently -32.09%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Piper Sandler lifted their target price on Ford Motor from $16.00 to $17.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. Zacks Research cut shares of Ford Motor from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 4th. The Goldman Sachs Group lifted their price target on shares of Ford Motor from $13.00 to $16.00 and gave the company a "neutral" rating in a report on Thursday, June 11th. BNP Paribas Exane lifted their target price on Ford Motor from $14.00 to $14.50 and gave the stock a "neutral" rating in a report on Thursday, July 30th. Finally, Wall Street Zen downgraded Ford Motor from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Ford Motor has a consensus rating of "Hold" and a consensus target price of $15.68.

Ford Motor Profile

Ford Motor Co is a global automotive company that designs, manufactures, markets and services cars, trucks, sport utility vehicles and commercial vehicles. Its portfolio includes the Ford and Lincoln brands, as well as a range of gasoline-powered, hybrid and electric vehicles. Ford also provides vehicle maintenance, repair and related services through its dealer network.

The company organizes its automotive operations into Ford Blue, which focuses on traditional and hybrid vehicles; Ford Model e, which develops electric vehicles and connected technologies; and Ford Pro, which serves commercial and government customers with vehicles, software and fleet-management services.

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