UBS Asset Management Americas Inc. Cuts Position in Ford Motor Co. (F)
UBS Asset Management Americas Inc. lowered its position in Ford Motor Co. (NYSE:F) by 2.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,159,767 shares of the auto manufacturer’s stock after selling 352,867 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.33% of Ford Motor worth $158,838,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. boosted its stake in Ford Motor by 0.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 53,945 shares of the auto manufacturer’s stock valued at $678,000 after buying an additional 241 shares during the period. Trust Co boosted its stake in Ford Motor by 51.3% in the first quarter. Trust Co now owns 71,087 shares of the auto manufacturer’s stock valued at $960,000 after buying an additional 24,100 shares during the period. Chevy Chase Trust Holdings Inc. boosted its stake in Ford Motor by 0.7% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 3,973,767 shares of the auto manufacturer’s stock valued at $49,950,000 after buying an additional 29,549 shares during the period. Stillwater Investment Management LLC boosted its stake in Ford Motor by 1.1% in the second quarter. Stillwater Investment Management LLC now owns 90,413 shares of the auto manufacturer’s stock valued at $1,136,000 after buying an additional 1,022 shares during the period. Finally, Exxonmobil Investment Management Inc. TX boosted its stake in Ford Motor by 6.4% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 1,010,029 shares of the auto manufacturer’s stock valued at $12,696,000 after buying an additional 60,800 shares during the period. 54.26% of the stock is owned by institutional investors and hedge funds.
Ford Motor Co. (NYSE:F) opened at 11.92 on Wednesday. The stock has a 50 day moving average of $11.85 and a 200 day moving average of $12.53. The company has a market cap of $47.37 billion, a PE ratio of 6.59 and a beta of 1.12. Ford Motor Co. has a 52 week low of $11.02 and a 52 week high of $14.62.
Ford Motor (NYSE:F) last released its quarterly earnings data on Thursday, October 27th. The auto manufacturer reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. Ford Motor had a return on equity of 26.97% and a net margin of 4.80%. The business had revenue of $35.90 billion for the quarter, compared to the consensus estimate of $32.70 billion. During the same quarter in the prior year, the business posted $0.45 EPS. The business’s revenue for the quarter was down 6.9% on a year-over-year basis. Equities research analysts predict that Ford Motor Co. will post $1.81 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, October 27th will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, October 25th. This represents a $0.60 dividend on an annualized basis and a yield of 5.03%. Ford Motor’s dividend payout ratio is presently 33.15%.
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F has been the topic of a number of recent research reports. set a $13.00 price target on shares of Ford Motor and gave the company a “buy” rating in a research report on Tuesday, September 13th. Barclays PLC reaffirmed an “equal weight” rating and issued a $12.00 price objective on shares of Ford Motor in a research report on Monday, September 12th. Vetr lowered shares of Ford Motor from a “buy” rating to a “hold” rating and set a $12.85 price objective on the stock. in a research report on Tuesday, August 30th. Jefferies Group reaffirmed a “sell” rating on shares of Ford Motor in a research report on Sunday, September 4th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $14.00 price objective on shares of Ford Motor in a research report on Wednesday, August 17th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $13.77.
In related news, insider Sankar S. Nair sold 82,000 shares of Ford Motor stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $12.11, for a total transaction of $993,020.00. Following the completion of the transaction, the insider now directly owns 32,969 shares of the company’s stock, valued at $399,254.59. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Ziad S. Ojakli sold 10,000 shares of Ford Motor stock in a transaction on Friday, November 18th. The stock was sold at an average price of $11.86, for a total value of $118,600.00. Following the transaction, the insider now directly owns 503,246 shares of the company’s stock, valued at $5,968,497.56. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.
Ford Motor Company Profile
Ford Motor Company (Ford) is a global automotive and mobility company. The Company’s principal business includes designing, manufacturing, marketing, financing, and servicing a line of Ford cars, trucks, sports utility vehicles (SUVs), and electrified vehicles, as well as Lincoln luxury vehicles. The Company operates in two sectors: Automotive and Financial Services.
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