Ford Motor Company $F Shares Sold by Highland Capital Management LLC

Highland Capital Management LLC reduced its position in Ford Motor Company (NYSE:F) by 38.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,545 shares of the auto manufacturer’s stock after selling 6,665 shares during the period. Highland Capital Management LLC’s holdings in Ford Motor were worth $114,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Grove Bank & Trust lifted its position in Ford Motor by 289.1% during the first quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer’s stock valued at $25,000 after buying an additional 1,882 shares in the last quarter. Elite Financial Inc. purchased a new position in shares of Ford Motor in the 1st quarter valued at $27,000. Olde Wealth Management LLC acquired a new position in shares of Ford Motor during the 1st quarter valued at $28,000. MorganRosel Wealth Management LLC acquired a new stake in Ford Motor in the 1st quarter valued at $30,000. Finally, WPG Advisers LLC purchased a new position in Ford Motor in the first quarter valued at about $33,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Price Performance

Shares of NYSE F opened at $12.73 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 2.24. The company has a market capitalization of $50.66 billion, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 3.64 and a beta of 1.53. Ford Motor Company has a twelve month low of $8.44 and a twelve month high of $12.80. The business has a 50 day simple moving average of $11.61 and a 200-day simple moving average of $10.85.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.04. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.The firm had revenue of $50.18 billion for the quarter, compared to analysts’ expectations of $42.91 billion. During the same period last year, the business posted $0.47 earnings per share. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, equities research analysts expect that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 11th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Monday, August 11th. Ford Motor’s dividend payout ratio is currently 76.92%.

Wall Street Analyst Weigh In

F has been the subject of several analyst reports. Wall Street Zen raised Ford Motor from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. JPMorgan Chase & Co. upped their price target on Ford Motor from $12.00 to $13.00 and gave the stock an “overweight” rating in a report on Monday, July 21st. Jefferies Financial Group upgraded shares of Ford Motor from an “underperform” rating to a “hold” rating and lifted their price objective for the company from $9.00 to $12.00 in a research note on Monday. Dbs Bank cut shares of Ford Motor from a “hold” rating to a “moderate sell” rating in a research report on Monday, August 4th. Finally, Wells Fargo & Company raised their price target on shares of Ford Motor from $8.00 to $10.00 and gave the company an “underweight” rating in a report on Friday. Two investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Ford Motor has an average rating of “Hold” and a consensus target price of $11.04.

About Ford Motor

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.