Ford Motor (NYSE:F) Shares Sold by Pinnacle Private Wealth LLC

Pinnacle Private Wealth LLC lessened its holdings in shares of Ford Motor (NYSE:FGet Rating) by 4.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 52,791 shares of the auto manufacturer’s stock after selling 2,202 shares during the quarter. Pinnacle Private Wealth LLC’s holdings in Ford Motor were worth $588,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Ford Motor by 8.9% in the first quarter. Vanguard Group Inc. now owns 325,338,615 shares of the auto manufacturer’s stock valued at $5,501,475,000 after acquiring an additional 26,707,784 shares during the period. Snider Financial Group increased its position in Ford Motor by 100,345.2% during the 1st quarter. Snider Financial Group now owns 219,805,167 shares of the auto manufacturer’s stock worth $3,717,000 after purchasing an additional 219,586,336 shares in the last quarter. State Street Corp grew its holdings in Ford Motor by 2.3% in the 4th quarter. State Street Corp now owns 167,772,396 shares of the auto manufacturer’s stock valued at $3,484,633,000 after buying an additional 3,739,938 shares during the period. Norges Bank purchased a new stake in Ford Motor in the 4th quarter valued at about $780,129,000. Finally, Dimensional Fund Advisors LP grew its holdings in Ford Motor by 1.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 24,771,739 shares of the auto manufacturer’s stock valued at $418,988,000 after buying an additional 436,777 shares during the period. 49.89% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Stock Performance

F traded down $0.46 during trading on Friday, reaching $12.31. 103,348,703 shares of the company were exchanged, compared to its average volume of 77,860,516. The company has a current ratio of 1.16, a quick ratio of 1.00 and a debt-to-equity ratio of 1.92. Ford Motor has a 52 week low of $10.61 and a 52 week high of $25.87. The firm has a 50 day moving average of $14.74 and a 200 day moving average of $14.28. The stock has a market cap of $49.49 billion, a P/E ratio of 4.47, a PEG ratio of 0.76 and a beta of 1.29.

Ford Motor (NYSE:FGet Rating) last announced its earnings results on Wednesday, July 27th. The auto manufacturer reported $0.68 EPS for the quarter, beating the consensus estimate of $0.43 by $0.25. The business had revenue of $37.91 billion during the quarter, compared to the consensus estimate of $35.17 billion. Ford Motor had a return on equity of 16.91% and a net margin of 7.86%. Ford Motor’s revenue was up 57.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.13 earnings per share. On average, sell-side analysts forecast that Ford Motor will post 2.08 EPS for the current fiscal year.

Ford Motor Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Thursday, August 11th were paid a dividend of $0.15 per share. This is an increase from Ford Motor’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Wednesday, August 10th. This represents a $0.60 annualized dividend and a yield of 4.87%. Ford Motor’s dividend payout ratio is presently 20.98%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Wells Fargo & Company reduced their price objective on Ford Motor from $12.00 to $10.00 and set an “underweight” rating on the stock in a research note on Monday, July 11th. Benchmark reduced their price objective on Ford Motor to $23.00 in a research note on Tuesday, August 9th. Citigroup reduced their price objective on Ford Motor from $16.00 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 2nd. StockNews.com lowered Ford Motor from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Nomura raised Ford Motor from a “reduce” rating to a “neutral” rating and set a $12.40 price objective on the stock in a research note on Thursday, July 21st. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Ford Motor has a consensus rating of “Hold” and an average target price of $18.28.

Ford Motor Company Profile

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Ford Motor Company designs, manufactures, markets, and services a range of Ford trucks, cars, sport utility vehicles, electrified vehicles, and Lincoln luxury 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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