Independent Advisor Alliance Decreases Holdings in Ford Motor (NYSE:F)

Independent Advisor Alliance reduced its position in Ford Motor (NYSE:F) by 9.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 92,923 shares of the auto manufacturer’s stock after selling 9,585 shares during the period. Independent Advisor Alliance’s holdings in Ford Motor were worth $981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in Ford Motor by 4.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 122,609,058 shares of the auto manufacturer’s stock valued at $1,294,752,000 after buying an additional 5,270,562 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Ford Motor by 27.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock worth $453,732,000 after purchasing an additional 7,793,944 shares in the last quarter. Legal & General Group Plc raised its holdings in Ford Motor by 1.0% in the 2nd quarter. Legal & General Group Plc now owns 31,823,353 shares of the auto manufacturer’s stock worth $399,066,000 after purchasing an additional 318,715 shares during the period. LSV Asset Management lifted its position in Ford Motor by 1.6% during the second quarter. LSV Asset Management now owns 20,115,487 shares of the auto manufacturer’s stock valued at $252,248,000 after purchasing an additional 312,496 shares in the last quarter. Finally, Swiss National Bank increased its position in Ford Motor by 0.7% in the third quarter. Swiss National Bank now owns 11,639,886 shares of the auto manufacturer’s stock worth $122,917,000 after buying an additional 84,600 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Down 2.6 %

Shares of NYSE:F opened at $11.10 on Wednesday. The company has a market cap of $44.11 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 2.04 and a beta of 1.62. Ford Motor has a 12 month low of $9.49 and a 12 month high of $14.85. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. The company has a 50-day moving average price of $10.85 and a 200 day moving average price of $11.44.

Ford Motor (NYSE:F) last released its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02. The firm had revenue of $46.20 billion for the quarter, compared to the consensus estimate of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS. As a group, equities research analysts predict that Ford Motor will post 1.81 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.41%. The ex-dividend date of this dividend is Thursday, November 7th. Ford Motor’s dividend payout ratio is currently 68.18%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on F. Wolfe Research started coverage on Ford Motor in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. Wells Fargo & Company decreased their price objective on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft decreased their price target on Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th. Sanford C. Bernstein cut Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price for the company. in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group upgraded Ford Motor from a “neutral” rating to a “buy” rating and upped their price target for the stock from $12.00 to $13.00 in a research note on Tuesday, October 1st. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $12.02.

Ford Motor Company 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.