Handelsbanken Fonder AB Sells 60,704 Shares of Ford Motor Company $F

Handelsbanken Fonder AB trimmed its holdings in Ford Motor Company (NYSE:F) by 11.5% in the third quarter, Holdings Channel reports. The institutional investor owned 467,450 shares of the auto manufacturer’s stock after selling 60,704 shares during the quarter. Handelsbanken Fonder AB’s holdings in Ford Motor were worth $5,591,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Swiss National Bank lifted its holdings in shares of Ford Motor by 7.4% in the second quarter. Swiss National Bank now owns 11,822,986 shares of the auto manufacturer’s stock worth $128,279,000 after buying an additional 813,800 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Ford Motor by 7.3% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 7,476,340 shares of the auto manufacturer’s stock worth $81,118,000 after acquiring an additional 510,473 shares during the period. Aviva PLC lifted its stake in Ford Motor by 1,280.3% in the 2nd quarter. Aviva PLC now owns 2,919,334 shares of the auto manufacturer’s stock worth $31,675,000 after purchasing an additional 2,707,834 shares in the last quarter. Caprock Group LLC bought a new position in Ford Motor in the 3rd quarter valued at $893,000. Finally, Versor Investments LP purchased a new position in shares of Ford Motor during the 3rd quarter valued at $2,187,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Insider Buying and Selling

In other Ford Motor news, insider William Clay Ford, Jr. purchased 140,000 shares of the stock in a transaction on Thursday, February 19th. The stock was acquired at an average cost of $13.82 per share, with a total value of $1,934,800.00. Following the completion of the purchase, the insider directly owned 3,912,600 shares of the company’s stock, valued at approximately $54,072,132. This trade represents a 3.71% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.48% of the stock is currently owned by insiders.

Ford Motor Stock Performance

Shares of NYSE F opened at $13.39 on Tuesday. The stock’s 50-day moving average is $13.74 and its 200 day moving average is $12.90. The stock has a market cap of $53.40 billion, a price-to-earnings ratio of -6.50, a P/E/G ratio of 0.34 and a beta of 1.65. Ford Motor Company has a 1-year low of $8.44 and a 1-year high of $14.80. The company has a current ratio of 1.07, a quick ratio of 0.94 and a debt-to-equity ratio of 2.95.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, February 11th. The auto manufacturer reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.07. The business had revenue of $45.89 billion for the quarter, compared to analysts’ expectations of $41.78 billion. Ford Motor had a negative net margin of 4.37% and a positive return on equity of 10.16%. The business’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period last year, the business earned $0.39 earnings per share. On average, sell-side analysts anticipate that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 13th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.60 annualized dividend and a dividend yield of 4.5%. Ford Motor’s dividend payout ratio (DPR) is currently -29.13%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on F shares. TD Cowen increased their price objective on Ford Motor from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Tuesday, January 13th. Morgan Stanley raised their price target on Ford Motor from $11.00 to $14.00 and gave the company an “equal weight” rating in a report on Monday, December 8th. Wall Street Zen downgraded Ford Motor from a “buy” rating to a “sell” rating in a research report on Saturday, February 14th. UBS Group upped their price objective on shares of Ford Motor from $12.50 to $15.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Finally, Piper Sandler upgraded shares of Ford Motor from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $11.00 to $16.00 in a research report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $13.02.

About Ford Motor

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.