Sterling Capital Management LLC Sells 55,891 Shares of Ford Motor Company $F

Sterling Capital Management LLC trimmed its holdings in shares of Ford Motor Company (NYSE:F) by 24.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 175,558 shares of the auto manufacturer’s stock after selling 55,891 shares during the quarter. Sterling Capital Management LLC’s holdings in Ford Motor were worth $2,026,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Grove Bank & Trust grew its holdings in shares of Ford Motor by 110.7% during the fourth quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock worth $25,000 after purchasing an additional 1,000 shares in the last quarter. MV Capital Management Inc. purchased a new stake in Ford Motor in the fourth quarter valued at approximately $25,000. Olistico Wealth LLC purchased a new stake in Ford Motor in the fourth quarter valued at approximately $26,000. McMillan Office Inc. bought a new stake in Ford Motor during the fourth quarter valued at approximately $26,000. Finally, Johnson Financial Group Inc. lifted its position in Ford Motor by 55.4% during the third quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock valued at $28,000 after purchasing an additional 837 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

F has been the subject of a number of research reports. UBS Group boosted their price target on shares of Ford Motor from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. TD Cowen dropped their price objective on shares of Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a report on Friday, May 1st. Wall Street Zen raised shares of Ford Motor from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Citigroup upped their target price on shares of Ford Motor from $13.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, June 1st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Ford Motor in a research report on Wednesday. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $14.70.

Ford Motor Price Performance

Shares of Ford Motor stock opened at $14.11 on Monday. Ford Motor Company has a 52-week low of $10.68 and a 52-week high of $17.78. The stock has a market capitalization of $56.22 billion, a price-to-earnings ratio of -9.10, a price-to-earnings-growth ratio of 0.31 and a beta of 1.79. The company has a fifty day moving average of $13.88 and a 200-day moving average of $13.36. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.94 and a current ratio of 1.09.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, beating the consensus estimate of $0.18 by $0.48. The company had revenue of $43.25 billion for the quarter, compared to analyst estimates of $42.66 billion. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 EPS. Equities research analysts expect that Ford Motor Company will post 1.64 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were issued a $0.15 dividend. The ex-dividend date was Tuesday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 4.3%. Ford Motor’s payout ratio is currently -38.71%.

Ford Motor Company 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.