Rehmann Capital Advisory Group Trims Holdings in Ford Motor (NYSE:F)

Rehmann Capital Advisory Group trimmed its position in Ford Motor (NYSE:F) by 2.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 157,387 shares of the auto manufacturer’s stock after selling 3,341 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Ford Motor were worth $1,610,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in F. West Oak Capital LLC increased its position in shares of Ford Motor by 46.3% in the second quarter. West Oak Capital LLC now owns 3,579 shares of the auto manufacturer’s stock valued at $37,000 after buying an additional 1,132 shares in the last quarter. Citizens Financial Group Inc RI increased its position in shares of Ford Motor by 63.6% in the second quarter. Citizens Financial Group Inc RI now owns 3,601 shares of the auto manufacturer’s stock valued at $37,000 after buying an additional 1,400 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Ford Motor in the second quarter valued at approximately $39,000. Zions Bancorporation N.A. purchased a new stake in shares of Ford Motor in the first quarter valued at approximately $38,000. Finally, Pinebridge Investments L.P. purchased a new stake in shares of Ford Motor in the second quarter valued at approximately $46,000. Hedge funds and other institutional investors own 53.79% of the company’s stock.

In other news, insider James P. Hackett sold 20,000 shares of the company’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $10.20, for a total value of $204,000.00. Following the transaction, the insider now owns 194,575 shares of the company’s stock, valued at approximately $1,984,665. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Kiersten Robinson sold 15,000 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $10.50, for a total value of $157,500.00. Following the completion of the transaction, the insider now directly owns 51,027 shares in the company, valued at approximately $535,783.50. The disclosure for this sale can be found here. Insiders have sold 100,000 shares of company stock worth $974,900 in the last three months. 0.83% of the stock is currently owned by corporate insiders.

A number of analysts have recently commented on the company. TheStreet cut Ford Motor from a “b-” rating to a “c” rating in a research report on Friday, July 26th. Royal Bank of Canada restated a “neutral” rating and issued a $10.50 price objective on shares of Ford Motor in a research report on Thursday, July 25th. Credit Suisse Group cut Ford Motor to an “outperform” rating and set a $12.00 price objective for the company. in a research report on Wednesday, September 11th. Morgan Stanley set a $12.00 price objective on Ford Motor and gave the company a “buy” rating in a research report on Friday. Finally, Goldman Sachs Group set a $13.00 price objective on Ford Motor and gave the company a “buy” rating in a research report on Thursday, June 13th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Ford Motor currently has an average rating of “Hold” and a consensus price target of $10.26.

Shares of NYSE:F traded down $0.24 during trading on Tuesday, reaching $8.92. The stock had a trading volume of 21,648,744 shares, compared to its average volume of 32,045,766. The company has a debt-to-equity ratio of 2.86, a quick ratio of 1.08 and a current ratio of 1.20. The business has a fifty day moving average price of $9.15 and a 200-day moving average price of $9.58. The stock has a market cap of $36.13 billion, a PE ratio of 6.86, a PEG ratio of 0.98 and a beta of 1.14. Ford Motor has a 1-year low of $7.41 and a 1-year high of $10.56.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, July 24th. The auto manufacturer reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.02. The firm had revenue of $35.91 billion for the quarter, compared to analyst estimates of $35.21 billion. Ford Motor had a return on equity of 14.92% and a net margin of 1.37%. The business’s revenue was up .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 earnings per share. Sell-side analysts expect that Ford Motor will post 1.28 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, July 23rd were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 6.73%. The ex-dividend date was Monday, July 22nd. Ford Motor’s dividend payout ratio (DPR) is currently 46.15%.

About Ford Motor

Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.

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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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