Pioneer Investment Management Inc. cut its position in shares of Ford Motor Company (NYSE:F) by 38.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,165,277 shares of the auto manufacturer’s stock after selling 717,320 shares during the quarter. Pioneer Investment Management Inc.’s holdings in Ford Motor were worth $13,039,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Argent Trust Co boosted its holdings in Ford Motor by 0.3% during the first quarter. Argent Trust Co now owns 11,226 shares of the auto manufacturer’s stock valued at $131,000 after purchasing an additional 30 shares in the last quarter. JFS Wealth Advisors LLC boosted its holdings in Ford Motor by 0.3% during the second quarter. JFS Wealth Advisors LLC now owns 10,997 shares of the auto manufacturer’s stock valued at $123,000 after purchasing an additional 33 shares in the last quarter. FNY Managed Accounts LLC boosted its holdings in Ford Motor by 0.3% during the first quarter. FNY Managed Accounts LLC now owns 10,339 shares of the auto manufacturer’s stock valued at $120,000 after purchasing an additional 34 shares in the last quarter. Berson & Corrado Investment Advisors LLC boosted its holdings in Ford Motor by 0.5% during the second quarter. Berson & Corrado Investment Advisors LLC now owns 14,270 shares of the auto manufacturer’s stock valued at $160,000 after purchasing an additional 70 shares in the last quarter. Finally, Camarda Financial Advisors LLC boosted its holdings in Ford Motor by 0.8% during the second quarter. Camarda Financial Advisors LLC now owns 11,042 shares of the auto manufacturer’s stock valued at $124,000 after purchasing an additional 93 shares in the last quarter. 54.34% of the stock is currently owned by institutional investors and hedge funds.

F has been the topic of a number of recent research reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $14.00 price objective on shares of Ford Motor in a report on Monday, May 15th. Jefferies Group LLC reaffirmed a “hold” rating and set a $12.00 price objective on shares of Ford Motor in a report on Monday, May 22nd. Deutsche Bank AG reaffirmed a “hold” rating and set a $14.00 price objective on shares of Ford Motor in a report on Wednesday, May 24th. Vetr downgraded Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.45 price objective on the stock. in a report on Wednesday, May 31st. Finally, Morgan Stanley lifted their price objective on Ford Motor from $9.00 to $10.00 and gave the company an “underweight” rating in a report on Friday, June 9th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $12.54.

Shares of Ford Motor Company (F) opened at 11.35 on Tuesday. The firm has a market cap of $45.08 billion, a price-to-earnings ratio of 11.95 and a beta of 1.12. Ford Motor Company has a 12-month low of $10.47 and a 12-month high of $13.27. The firm’s 50-day moving average is $11.05 and its 200-day moving average is $11.42.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.13. The firm had revenue of $36.93 billion during the quarter, compared to the consensus estimate of $37.22 billion. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 earnings per share. Analysts predict that Ford Motor Company will post $1.75 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, July 24th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date was Thursday, July 20th. Ford Motor’s dividend payout ratio is presently 63.16%.

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In related news, VP John T. Lawler sold 80,624 shares of Ford Motor stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $11.00, for a total transaction of $886,864.00. Following the completion of the transaction, the vice president now owns 10 shares of the company’s stock, valued at $110. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider James D. Farley, Jr. sold 25,000 shares of Ford Motor stock in a transaction on Monday, June 12th. The stock was sold at an average price of $11.16, for a total transaction of $279,000.00. Following the transaction, the insider now directly owns 428,411 shares of the company’s stock, valued at approximately $4,781,066.76. The disclosure for this sale can be found here. 1.08% of the stock is owned by company insiders.

About Ford Motor

Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.

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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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