Guggenheim Capital LLC Cuts Stock Holdings in Ford Motor Company $F

Guggenheim Capital LLC lessened its stake in Ford Motor Company (NYSE:F) by 14.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 495,553 shares of the auto manufacturer’s stock after selling 84,365 shares during the quarter. Guggenheim Capital LLC’s holdings in Ford Motor were worth $5,377,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in F. Trust Co. of Toledo NA OH purchased a new position in shares of Ford Motor in the 2nd quarter worth $25,000. Country Trust Bank acquired a new stake in Ford Motor during the second quarter worth about $27,000. Atlantic Union Bankshares Corp purchased a new position in shares of Ford Motor in the 2nd quarter worth about $30,000. AlphaQuest LLC raised its holdings in shares of Ford Motor by 1,018.5% in the 2nd quarter. AlphaQuest LLC now owns 3,087 shares of the auto manufacturer’s stock worth $33,000 after purchasing an additional 2,811 shares during the period. Finally, City Holding Co. lifted its stake in shares of Ford Motor by 47.8% in the 2nd quarter. City Holding Co. now owns 3,090 shares of the auto manufacturer’s stock valued at $34,000 after purchasing an additional 1,000 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

F has been the subject of a number of research analyst reports. Citigroup increased their target price on shares of Ford Motor from $11.00 to $13.50 and gave the stock a “neutral” rating in a research report on Monday, October 27th. Royal Bank Of Canada increased their price objective on shares of Ford Motor from $11.00 to $12.00 and gave the stock a “sector perform” rating in a research report on Friday, October 24th. UBS Group raised their target price on shares of Ford Motor from $11.00 to $12.50 and gave the company a “neutral” rating in a research note on Monday, October 6th. Barclays upped their price target on shares of Ford Motor from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Monday, October 27th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Ford Motor in a research report on Monday, December 1st. Three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $11.88.

Ford Motor Stock Performance

Ford Motor stock opened at $13.03 on Friday. Ford Motor Company has a 12-month low of $8.44 and a 12-month high of $13.97. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 0.98. The company has a market capitalization of $51.92 billion, a price-to-earnings ratio of 11.23 and a beta of 1.60. The firm’s fifty day moving average price is $12.70 and its 200 day moving average price is $11.71.

Ford Motor (NYSE:F) last posted its quarterly earnings data 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. The company had revenue of $50.53 billion during the quarter, compared to analysts’ expectations of $43.08 billion. Ford Motor had a net margin of 2.48% and a return on equity of 11.94%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 EPS. On average, research analysts forecast that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 7th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Friday, November 7th. Ford Motor’s dividend payout ratio (DPR) is 51.72%.

Ford Motor Company 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.