Raymond James Trust N.A. Sells 4,562 Shares of Ford Motor (NYSE:F)

Raymond James Trust N.A. lessened its position in Ford Motor (NYSE:F) by 9.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,339 shares of the auto manufacturer’s stock after selling 4,562 shares during the period. Raymond James Trust N.A.’s holdings in Ford Motor were worth $468,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Assenagon Asset Management S.A. lifted its holdings in shares of Ford Motor by 14,373.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 8,885,389 shares of the auto manufacturer’s stock worth $93,830,000 after purchasing an additional 8,824,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Ford Motor by 27.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock valued at $453,732,000 after purchasing an additional 7,793,944 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Ford Motor by 4.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 122,609,058 shares of the auto manufacturer’s stock worth $1,294,752,000 after purchasing an additional 5,270,562 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Ford Motor by 456.9% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,000,000 shares of the auto manufacturer’s stock worth $50,160,000 after purchasing an additional 3,281,800 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Ford Motor by 103.6% in the second quarter. AQR Capital Management LLC now owns 4,908,726 shares of the auto manufacturer’s stock valued at $60,844,000 after purchasing an additional 2,497,695 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Performance

Shares of Ford Motor stock opened at $11.10 on Wednesday. The firm has a market capitalization of $44.11 billion, a P/E ratio of 12.61, a P/E/G ratio of 2.04 and a beta of 1.62. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. Ford Motor has a 12 month low of $9.49 and a 12 month high of $14.85. The business has a fifty day simple moving average of $10.85 and a two-hundred day simple moving average of $11.44.

Ford Motor (NYSE:F) last issued its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $46.20 billion during the quarter, compared to analyst estimates of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. Ford Motor’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.39 EPS. On average, equities analysts forecast that Ford Motor will post 1.81 earnings per share for the current fiscal 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 issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.41%. The ex-dividend date is Thursday, November 7th. Ford Motor’s dividend payout ratio (DPR) is currently 68.18%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on F shares. Wells Fargo & Company dropped their price objective on Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Tuesday, September 10th. Morgan Stanley lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $16.00 to $12.00 in a research report on Wednesday, September 25th. StockNews.com raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $10.00 price target on shares of Ford Motor in a research report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $12.02.

Ford Motor Profile

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.