Toronto Dominion Bank Sells 4,974,568 Shares of Ford Motor (NYSE:F)

Toronto Dominion Bank trimmed its holdings in shares of Ford Motor (NYSE:F) by 63.9% during the first quarter, Holdings Channel.com reports. The institutional investor owned 2,805,084 shares of the auto manufacturer’s stock after selling 4,974,568 shares during the quarter. Toronto Dominion Bank’s holdings in Ford Motor were worth $37,252,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Norges Bank acquired a new position in shares of Ford Motor during the fourth quarter worth approximately $475,899,000. Coatue Management LLC acquired a new position in shares of Ford Motor during the fourth quarter worth approximately $149,152,000. Newport Trust Company LLC raised its position in shares of Ford Motor by 4.5% during the fourth quarter. Newport Trust Company LLC now owns 155,177,214 shares of the auto manufacturer’s stock worth $1,891,610,000 after purchasing an additional 6,667,808 shares during the period. Fisher Asset Management LLC raised its position in shares of Ford Motor by 6.3% during the fourth quarter. Fisher Asset Management LLC now owns 59,152,154 shares of the auto manufacturer’s stock worth $721,065,000 after purchasing an additional 3,522,965 shares during the period. Finally, International Assets Investment Management LLC raised its position in shares of Ford Motor by 1,084.8% during the fourth quarter. International Assets Investment Management LLC now owns 2,696,966 shares of the auto manufacturer’s stock worth $32,876,000 after purchasing an additional 2,469,344 shares during the period. 58.74% of the stock is currently owned by institutional investors.

Insider Transactions at Ford Motor

In other news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $12.09, for a total transaction of $982,119.06. Following the completion of the transaction, the director now owns 168,601 shares in the company, valued at approximately $2,038,386.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.80% of the stock is owned by corporate insiders.

Ford Motor Stock Performance

NYSE:F traded up $0.03 during trading on Friday, reaching $11.19. The company’s stock had a trading volume of 79,485,154 shares, compared to its average volume of 53,464,395. The firm has a market cap of $44.65 billion, a price-to-earnings ratio of 11.53, a price-to-earnings-growth ratio of 0.88 and a beta of 1.62. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.99 and a current ratio of 1.17. The firm has a 50 day moving average of $12.55 and a 200-day moving average of $12.41. Ford Motor has a 12 month low of $9.63 and a 12 month high of $14.85.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). The business had revenue of $47.81 billion during the quarter, compared to the consensus estimate of $47.79 billion. Ford Motor had a net margin of 2.13% and a return on equity of 15.31%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.72 EPS. Research analysts expect that Ford Motor will post 2.03 EPS for the current fiscal year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 7th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $0.60 annualized dividend and a dividend yield of 5.36%. Ford Motor’s payout ratio is 61.86%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on F. Citigroup upped their target price on Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Barclays lowered their price target on Ford Motor from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Thursday. The Goldman Sachs Group lowered their price target on Ford Motor from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday. StockNews.com lowered Ford Motor from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, UBS Group increased their price target on Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $13.95.

About Ford Motor

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.