Los Angeles Capital Management LLC Lowers Position in Ford Motor (NYSE:F)

Los Angeles Capital Management LLC trimmed its holdings in shares of Ford Motor (NYSE:F) by 38.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,319 shares of the auto manufacturer’s stock after selling 12,191 shares during the period. Los Angeles Capital Management LLC’s holdings in Ford Motor were worth $204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in F. State of New Jersey Common Pension Fund D raised its position in shares of Ford Motor by 0.9% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 1,426,639 shares of the auto manufacturer’s stock worth $15,065,000 after acquiring an additional 13,347 shares in the last quarter. Maiden Cove Capital LLC bought a new position in Ford Motor in the third quarter worth about $169,000. Crossmark Global Holdings Inc. lifted its position in shares of Ford Motor by 5.2% during the third quarter. Crossmark Global Holdings Inc. now owns 466,153 shares of the auto manufacturer’s stock valued at $4,922,000 after buying an additional 23,216 shares during the last quarter. Tyler Stone Wealth Management boosted its holdings in shares of Ford Motor by 127.8% in the 3rd quarter. Tyler Stone Wealth Management now owns 27,055 shares of the auto manufacturer’s stock valued at $286,000 after buying an additional 15,179 shares in the last quarter. Finally, Axxcess Wealth Management LLC grew its position in shares of Ford Motor by 19.7% in the 3rd quarter. Axxcess Wealth Management LLC now owns 118,188 shares of the auto manufacturer’s stock worth $1,248,000 after buying an additional 19,433 shares during the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Wells Fargo & Company lowered their target price on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Tuesday, September 10th. Sanford C. Bernstein downgraded Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price on the stock. in a research note on Thursday, November 7th. Barclays decreased their price target on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. StockNews.com upgraded Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, Evercore ISI raised shares of Ford Motor to a “hold” rating in a research report on Friday, July 26th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $12.02.

Ford Motor Trading Up 2.0 %

Shares of Ford Motor stock opened at $11.23 on Tuesday. The stock has a market cap of $44.61 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 2.00 and a beta of 1.62. The firm has a fifty day moving average price of $10.80 and a 200 day moving average price of $11.49. Ford Motor has a 1 year low of $9.49 and a 1 year high of $14.85. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98.

Ford Motor (NYSE:F) last released its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The business had revenue of $46.20 billion during the quarter, compared to analyst estimates of $45.13 billion. During the same quarter last year, the business posted $0.39 EPS. The company’s revenue was up 5.5% on a year-over-year basis. Equities research analysts predict that Ford Motor will post 1.82 earnings per share for the current year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.60 annualized dividend and a yield of 5.35%. Ford Motor’s dividend payout ratio is presently 68.18%.

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.