Portfolio Design Labs LLC Has $564,000 Position in Ford Motor Company $F

Portfolio Design Labs LLC cut its position in Ford Motor Company (NYSE:F) by 72.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,593 shares of the auto manufacturer’s stock after selling 109,107 shares during the quarter. Portfolio Design Labs LLC’s holdings in Ford Motor were worth $564,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Ford Motor by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 471,705,454 shares of the auto manufacturer’s stock valued at $6,188,776,000 after buying an additional 4,087,699 shares during the last quarter. BlackRock Inc. bought a new stake in Ford Motor during the 2nd quarter worth approximately $4,649,131,000. Charles Schwab Investment Management Inc. increased its position in Ford Motor by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 152,017,084 shares of the auto manufacturer’s stock valued at $1,994,464,000 after acquiring an additional 4,089,779 shares during the period. Geode Capital Management LLC increased its position in Ford Motor by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 106,600,353 shares of the auto manufacturer’s stock valued at $1,394,697,000 after acquiring an additional 1,255,349 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in shares of Ford Motor during the second quarter valued at $717,218,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on F. Morgan Stanley reiterated an “equal weight” rating and set a $14.00 price target on shares of Ford Motor in a report on Wednesday, May 13th. Jefferies Financial Group upgraded Ford Motor from a “hold” rating to a “buy” rating and increased their price objective for the company from $14.50 to $17.50 in a report on Monday, July 27th. Wells Fargo & Company raised their target price on Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Thursday, June 25th. Wall Street Zen downgraded Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Ford Motor in a research report on Wednesday, June 24th. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Ford Motor has a consensus rating of “Hold” and a consensus price target of $15.68.

Ford Motor Price Performance

Shares of NYSE F opened at $13.97 on Friday. Ford Motor Company has a twelve month low of $11.11 and a twelve month high of $17.78. The firm has a fifty day simple moving average of $14.13 and a 200 day simple moving average of $13.50. The company has a market capitalization of $55.71 billion, a PE ratio of -7.47, a P/E/G ratio of 0.30 and a beta of 1.82. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07.

Ford Motor (NYSE:F) last released its earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.09. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The business had revenue of $48.30 billion for the quarter, compared to analyst estimates of $47.24 billion. During the same quarter in the previous year, the business earned $0.37 earnings per share. Ford Motor’s revenue for the quarter was down 3.8% on a year-over-year basis. On average, sell-side analysts forecast that Ford Motor Company will post 1.86 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, August 11th. Ford Motor’s payout ratio is currently -32.09%.

Ford Motor Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.