Ford Motor Company $F Shares Sold by Korea Investment CORP

Korea Investment CORP trimmed its position in shares of Ford Motor Company (NYSE:F) by 43.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,884,734 shares of the auto manufacturer’s stock after selling 1,454,093 shares during the quarter. Korea Investment CORP’s holdings in Ford Motor were worth $26,198,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Maripau Wealth Management LLC boosted its position in shares of Ford Motor by 1.6% in the 1st quarter. Maripau Wealth Management LLC now owns 46,606 shares of the auto manufacturer’s stock worth $538,000 after buying an additional 749 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Ford Motor by 7.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 10,999 shares of the auto manufacturer’s stock valued at $144,000 after acquiring an additional 756 shares in the last quarter. Robertson Stephens Wealth Management LLC raised its position in Ford Motor by 1.8% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 42,683 shares of the auto manufacturer’s stock worth $560,000 after acquiring an additional 761 shares during the last quarter. Southern Financial Group LLC raised its position in Ford Motor by 2.3% during the first quarter. Southern Financial Group LLC now owns 34,714 shares of the auto manufacturer’s stock worth $401,000 after acquiring an additional 776 shares during the last quarter. Finally, Bernicke Wealth Management Ltd. lifted its holdings in shares of Ford Motor by 2.0% in the second quarter. Bernicke Wealth Management Ltd. now owns 39,789 shares of the auto manufacturer’s stock valued at $553,000 after purchasing an additional 792 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Performance

Shares of NYSE F opened at $14.44 on Monday. The company has a 50-day simple moving average of $14.12 and a 200-day simple moving average of $13.51. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.09 and a quick ratio of 0.93. The company has a market cap of $57.58 billion, a PE ratio of -7.72, a price-to-earnings-growth ratio of 0.30 and a beta of 1.82. Ford Motor Company has a 12 month low of $11.11 and a 12 month high of $17.78.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.09. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The business had revenue of $48.30 billion for the quarter, compared to the consensus estimate of $47.24 billion. During the same quarter in the prior year, the firm posted $0.37 earnings per share. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. On average, equities analysts anticipate that Ford Motor Company will post 1.86 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $0.60 annualized dividend and a yield of 4.2%. Ford Motor’s payout ratio is -32.09%.

Wall Street Analyst Weigh In

Several research firms have recently commented on F. Weiss Ratings reiterated a “buy (b)” rating on shares of Ford Motor in a research report on Wednesday, June 24th. TD Cowen upped their target price on Ford Motor from $13.00 to $15.00 and gave the company a “hold” rating in a research note on Wednesday, July 29th. BNP Paribas Exane increased their target price on Ford Motor from $14.00 to $14.50 and gave the company a “neutral” rating in a report on Thursday, July 30th. The Goldman Sachs Group raised their price target on Ford Motor from $13.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, June 11th. Finally, UBS Group boosted their price target on Ford Motor from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $15.68.

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.