Covalis Capital LLP Sells 766,288 Shares of Ford Motor Company $F

Covalis Capital LLP lowered its position in shares of Ford Motor Company (NYSE:F) by 48.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 818,192 shares of the auto manufacturer’s stock after selling 766,288 shares during the quarter. Ford Motor makes up about 1.1% of Covalis Capital LLP’s investment portfolio, making the stock its 27th largest position. Covalis Capital LLP’s holdings in Ford Motor were worth $8,877,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in Ford Motor by 13.8% in the first quarter. Vanguard Group Inc. now owns 457,660,361 shares of the auto manufacturer’s stock worth $4,590,333,000 after purchasing an additional 55,576,478 shares during the period. Geode Capital Management LLC grew its position in shares of Ford Motor by 17.9% during the 2nd quarter. Geode Capital Management LLC now owns 103,784,031 shares of the auto manufacturer’s stock worth $1,122,434,000 after buying an additional 15,748,694 shares during the period. Nuveen LLC bought a new stake in shares of Ford Motor during the first quarter worth approximately $123,147,000. Charles Schwab Investment Management Inc. lifted its holdings in Ford Motor by 8.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 140,053,906 shares of the auto manufacturer’s stock valued at $1,404,741,000 after buying an additional 10,947,527 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Ford Motor by 32.7% in the second quarter. Bank of New York Mellon Corp now owns 29,342,420 shares of the auto manufacturer’s stock valued at $318,365,000 after acquiring an additional 7,238,424 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Analysts Set New Price Targets

F has been the subject of several recent research reports. UBS Group upped their target price on shares of Ford Motor from $11.00 to $12.50 and gave the company a “neutral” rating in a research report on Monday, October 6th. Royal Bank Of Canada upped their price objective on Ford Motor from $11.00 to $12.00 and gave the company a “sector perform” rating in a report on Friday, October 24th. Citigroup raised their target price on Ford Motor from $11.00 to $13.50 and gave the stock a “neutral” rating in a report on Monday, October 27th. Barclays upped their price target on Ford Motor from $11.00 to $12.00 and gave the company an “equal weight” rating in a research note on Monday, October 27th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Ford Motor currently has a consensus rating of “Hold” and an average price target of $11.73.

Ford Motor Price Performance

NYSE F opened at $12.83 on Friday. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.98 and a current ratio of 1.12. The stock has a market cap of $51.12 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 4.03 and a beta of 1.60. The business has a 50 day simple moving average of $12.42 and a 200 day simple moving average of $11.53. Ford Motor Company has a 52-week low of $8.44 and a 52-week high of $13.97.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. Ford Motor had a net margin of 2.48% and a return on equity of 11.94%. The firm had revenue of $50.53 billion for the quarter, compared to analyst estimates of $43.08 billion. During the same quarter in the previous year, the firm posted $0.49 earnings per share. The business’s revenue was up 9.4% on a year-over-year basis. Analysts anticipate that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 7th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Friday, November 7th. Ford Motor’s dividend payout ratio is 51.72%.

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.