Gerber LLC Sells 8,171 Shares of Ford Motor (NYSE:F)

Gerber LLC lowered its holdings in Ford Motor (NYSE:F) by 20.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,079 shares of the auto manufacturer’s stock after selling 8,171 shares during the quarter. Gerber LLC’s holdings in Ford Motor were worth $339,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Dimensional Fund Advisors LP raised its holdings in shares of Ford Motor by 27.4% in the second quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock worth $453,732,000 after buying an additional 7,793,944 shares during the last quarter. Legal & General Group Plc boosted its position in Ford Motor by 1.0% in the second quarter. Legal & General Group Plc now owns 31,823,353 shares of the auto manufacturer’s stock valued at $399,066,000 after buying an additional 318,715 shares during the last quarter. LSV Asset Management boosted its position in Ford Motor by 1.6% in the second quarter. LSV Asset Management now owns 20,115,487 shares of the auto manufacturer’s stock valued at $252,248,000 after buying an additional 312,496 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in Ford Motor by 11.0% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 12,290,204 shares of the auto manufacturer’s stock worth $163,214,000 after buying an additional 1,214,640 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in Ford Motor by 0.5% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,375,847 shares of the auto manufacturer’s stock worth $124,511,000 after buying an additional 51,035 shares during the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Down 1.2 %

Shares of NYSE:F traded down $0.13 during trading hours on Monday, reaching $10.97. The stock had a trading volume of 16,530,520 shares, compared to its average volume of 53,083,363. The stock has a market capitalization of $43.80 billion, a price-to-earnings ratio of 11.40, a P/E/G ratio of 0.77 and a beta of 1.62. The firm’s 50 day moving average is $10.75 and its 200-day moving average is $11.76. Ford Motor has a 1 year low of $9.49 and a 1 year high of $14.85. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.00 and a current ratio of 1.17.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). The company had revenue of $47.81 billion during the quarter, compared to analysts’ expectations of $47.79 billion. Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the business earned $0.72 earnings per share. Research analysts predict that Ford Motor will post 1.88 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 7th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.47%. The ex-dividend date of this dividend was Wednesday, August 7th. Ford Motor’s dividend payout ratio is presently 61.86%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Wells Fargo & Company reduced their price target on Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Tuesday, September 10th. Wolfe Research assumed coverage on shares of Ford Motor in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. Barclays reduced their price objective on shares of Ford Motor from $16.00 to $14.00 and set an “overweight” rating for the company in a research report on Tuesday, October 15th. The Goldman Sachs Group upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and lifted their target price for the company from $12.00 to $13.00 in a research report on Tuesday, October 1st. Finally, StockNews.com upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Ford Motor has an average rating of “Hold” and a consensus price target of $12.56.

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.