DNB Asset Management AS Buys 47,160 Shares of Ford Motor (NYSE:F)

DNB Asset Management AS boosted its stake in shares of Ford Motor (NYSE:F) by 8.2% during the second quarter, Holdings Channel reports. The fund owned 623,395 shares of the auto manufacturer’s stock after acquiring an additional 47,160 shares during the period. DNB Asset Management AS’s holdings in Ford Motor were worth $7,817,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in F. Sequoia Financial Advisors LLC raised its holdings in Ford Motor by 15.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 342,150 shares of the auto manufacturer’s stock worth $4,171,000 after buying an additional 44,581 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Ford Motor by 1.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,349,276 shares of the auto manufacturer’s stock valued at $71,039,000 after buying an additional 59,082 shares in the last quarter. Cerity Partners LLC grew its stake in shares of Ford Motor by 287.4% in the fourth quarter. Cerity Partners LLC now owns 606,057 shares of the auto manufacturer’s stock valued at $7,388,000 after buying an additional 449,604 shares in the last quarter. Wedmont Private Capital grew its stake in shares of Ford Motor by 33.1% in the first quarter. Wedmont Private Capital now owns 17,124 shares of the auto manufacturer’s stock valued at $232,000 after buying an additional 4,255 shares in the last quarter. Finally, Hodges Capital Management Inc. lifted its holdings in Ford Motor by 18.3% during the 1st quarter. Hodges Capital Management Inc. now owns 95,500 shares of the auto manufacturer’s stock valued at $1,268,000 after purchasing an additional 14,750 shares during the last quarter. Institutional investors own 58.74% of the company’s stock.

Insider Transactions at Ford Motor

In other news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $12.09, for a total transaction of $982,119.06. Following the sale, the director now directly owns 168,601 shares in the company, valued at $2,038,386.09. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on F shares. StockNews.com raised Ford Motor from a “sell” rating to a “hold” rating in a report on Friday. The Goldman Sachs Group cut their price target on Ford Motor from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, July 25th. Evercore ISI raised Ford Motor to a “hold” rating in a report on Friday, July 26th. Royal Bank of Canada raised their price target on Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a report on Thursday, April 25th. Finally, UBS Group lifted their target price on Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $13.75.

Ford Motor Price Performance

Ford Motor stock traded up $0.07 during midday trading on Tuesday, reaching $9.78. The company’s stock had a trading volume of 111,522,836 shares, compared to its average volume of 55,202,895. Ford Motor has a 52 week low of $9.49 and a 52 week high of $14.85. The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 2.30. The business has a 50-day moving average price of $12.36 and a 200-day moving average price of $12.38. The stock has a market cap of $39.05 billion, a PE ratio of 10.09, a price-to-earnings-growth ratio of 0.75 and a beta of 1.62.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The business had revenue of $47.81 billion during the quarter, compared to the consensus estimate of $47.79 billion. During the same quarter in the prior year, the firm earned $0.72 EPS. The business’s revenue was up 6.3% on a year-over-year basis. On average, sell-side analysts predict that Ford Motor will post 1.94 EPS for the current year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 7th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.13%. The ex-dividend date of this dividend is Wednesday, August 7th. Ford Motor’s dividend payout ratio (DPR) is currently 61.86%.

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.