Skandinaviska Enskilda Banken AB publ lowered its position in shares of Ford Motor (NYSE:F) by 1.8% in the third quarter, Holdings Channel reports. The fund owned 637,524 shares of the auto manufacturer’s stock after selling 11,800 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Ford Motor were worth $5,897,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in F. Wealth Advisors of Tampa Bay LLC increased its holdings in Ford Motor by 1.3% in the second quarter. Wealth Advisors of Tampa Bay LLC now owns 376,325 shares of the auto manufacturer’s stock valued at $4,182,000 after purchasing an additional 4,766 shares during the last quarter. First Command Bank increased its holdings in Ford Motor by 83.9% in the second quarter. First Command Bank now owns 11,438 shares of the auto manufacturer’s stock valued at $127,000 after purchasing an additional 5,219 shares during the last quarter. First Command Financial Services Inc. increased its holdings in Ford Motor by 83.9% in the second quarter. First Command Financial Services Inc. now owns 11,438 shares of the auto manufacturer’s stock valued at $127,000 after purchasing an additional 5,219 shares during the last quarter. WealthTrust Axiom LLC increased its holdings in Ford Motor by 5.0% in the second quarter. WealthTrust Axiom LLC now owns 110,300 shares of the auto manufacturer’s stock valued at $1,221,000 after purchasing an additional 5,300 shares during the last quarter. Finally, Wetherby Asset Management Inc. increased its holdings in Ford Motor by 12.9% in the second quarter. Wetherby Asset Management Inc. now owns 46,639 shares of the auto manufacturer’s stock valued at $516,000 after purchasing an additional 5,338 shares during the last quarter. Institutional investors own 54.11% of the company’s stock.

NYSE:F opened at $9.49 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 stock has a market capitalization of $37.27 billion, a price-to-earnings ratio of 5.33, a price-to-earnings-growth ratio of 1.32 and a beta of 0.68. Ford Motor has a 1 year low of $8.17 and a 1 year high of $13.48.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, October 24th. The auto manufacturer reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. The company had revenue of $34.66 billion during the quarter, compared to analysts’ expectations of $32.05 billion. Ford Motor had a return on equity of 15.48% and a net margin of 3.88%. During the same period in the prior year, the firm earned $0.43 earnings per share. As a group, equities research analysts anticipate that Ford Motor will post 1.34 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Tuesday, October 23rd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, October 22nd. This represents a $0.60 annualized dividend and a dividend yield of 6.32%. Ford Motor’s dividend payout ratio is currently 33.71%.

A number of research analysts have issued reports on the company. Berenberg Bank reissued a “sell” rating and issued a $6.00 target price on shares of Ford Motor in a research note on Friday. ValuEngine raised Ford Motor from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 31st. Nomura decreased their target price on Ford Motor from $9.00 to $8.10 and set a “neutral” rating for the company in a research note on Tuesday, October 30th. Zacks Investment Research raised Ford Motor from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 30th. Finally, Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and boosted their target price for the company from $9.00 to $12.00 in a research note on Monday, October 29th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $11.27.

In other news, Director Ray T. Charley acquired 4,000 shares of Ford Motor stock in a transaction dated Monday, October 29th. The stock was bought at an average cost of $12.90 per share, with a total value of $51,600.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Steven R. Armstrong sold 13,000 shares of the company’s stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $9.54, for a total value of $124,020.00. Following the transaction, the vice president now directly owns 94,527 shares of the company’s stock, valued at $901,787.58. The disclosure for this sale can be found here. 0.95% of the stock is owned by corporate insiders.

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Ford Motor Company 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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