Advisory Services Network LLC decreased its holdings in shares of Ford Motor (NYSE:F) by 67.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 35,888 shares of the auto manufacturer’s stock after selling 73,119 shares during the period. Advisory Services Network LLC’s holdings in Ford Motor were worth $355,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. grew its holdings in shares of Ford Motor by 13.2% during the first quarter. BlackRock Inc. now owns 262,412,220 shares of the auto manufacturer’s stock worth $2,907,527,000 after purchasing an additional 30,645,741 shares in the last quarter. Newport Trust Co boosted its stake in Ford Motor by 0.6% in the first quarter. Newport Trust Co now owns 188,248,101 shares of the auto manufacturer’s stock worth $2,085,789,000 after buying an additional 1,173,078 shares in the last quarter. Franklin Resources Inc. boosted its stake in Ford Motor by 2.5% in the first quarter. Franklin Resources Inc. now owns 51,992,097 shares of the auto manufacturer’s stock worth $576,073,000 after buying an additional 1,246,237 shares in the last quarter. Pzena Investment Management LLC boosted its stake in Ford Motor by 73.3% in the first quarter. Pzena Investment Management LLC now owns 44,818,988 shares of the auto manufacturer’s stock worth $496,594,000 after buying an additional 18,962,611 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Ford Motor by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 39,560,473 shares of the auto manufacturer’s stock worth $438,330,000 after buying an additional 497,160 shares in the last quarter. 55.45% of the stock is owned by institutional investors.

Shares of Ford Motor stock opened at $10.03 on Tuesday. The company has a quick ratio of 1.08, a current ratio of 1.21 and a debt-to-equity ratio of 2.80. The company has a market cap of $39.89 billion, a P/E ratio of 5.63, a price-to-earnings-growth ratio of 0.85 and a beta of 0.91. Ford Motor has a 52 week low of $9.82 and a 52 week high of $13.48.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, July 25th. The auto manufacturer reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.04). The business had revenue of $35.90 billion for the quarter, compared to the consensus estimate of $35.63 billion. Ford Motor had a net margin of 4.27% and a return on equity of 17.43%. Ford Motor’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.56 EPS. equities analysts predict that Ford Motor will post 1.38 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 4th. Investors of record on Monday, July 23rd will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, July 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.98%. Ford Motor’s dividend payout ratio is presently 33.71%.

Several brokerages have issued reports on F. Morgan Stanley cut their target price on Ford Motor from $16.00 to $15.00 and set an “overweight” rating for the company in a research note on Wednesday, August 1st. Barclays reaffirmed a “hold” rating and issued a $12.00 target price on shares of Ford Motor in a research note on Friday, July 27th. Guggenheim reaffirmed a “hold” rating and issued a $11.50 target price on shares of Ford Motor in a research note on Friday, July 27th. Buckingham Research cut their target price on Ford Motor from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Thursday, July 26th. Finally, UBS Group cut their target price on Ford Motor from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, July 26th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $12.33.

In other news, Director John C. Lechleiter acquired 10,000 shares of the firm’s stock in a transaction on Thursday, August 2nd. The stock was acquired at an average price of $9.89 per share, for a total transaction of $98,900.00. Following the completion of the acquisition, the director now owns 45,000 shares in the company, valued at $445,050. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John C. Lechleiter acquired 5,000 shares of the firm’s stock in a transaction on Friday, May 11th. The stock was purchased at an average price of $11.17 per share, with a total value of $55,850.00. Following the acquisition, the director now owns 34,400 shares of the company’s stock, valued at approximately $384,248. The disclosure for this purchase can be found here. 0.95% of the stock is owned by corporate insiders.

Ford Motor Profile

Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles; and Lincoln luxury vehicles worldwide. Its Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental car companies, and governments.

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

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