Rakuten Securities Inc. Sells 973 Shares of Ford Motor (NYSE:F)

Rakuten Securities Inc. lessened its holdings in Ford Motor (NYSE:F) by 13.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 6,117 shares of the auto manufacturer’s stock after selling 973 shares during the period. Rakuten Securities Inc.’s holdings in Ford Motor were worth $65,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of F. GSA Capital Partners LLP increased its position in Ford Motor by 42.3% during the first quarter. GSA Capital Partners LLP now owns 33,290 shares of the auto manufacturer’s stock valued at $442,000 after acquiring an additional 9,901 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in Ford Motor by 3.2% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 63,372 shares of the auto manufacturer’s stock valued at $842,000 after purchasing an additional 1,942 shares during the last quarter. Empowered Funds LLC raised its position in Ford Motor by 24.0% in the 1st quarter. Empowered Funds LLC now owns 79,963 shares of the auto manufacturer’s stock worth $1,062,000 after purchasing an additional 15,480 shares during the period. Bleakley Financial Group LLC lifted its stake in Ford Motor by 2.8% in the first quarter. Bleakley Financial Group LLC now owns 64,979 shares of the auto manufacturer’s stock worth $863,000 after purchasing an additional 1,755 shares during the last quarter. Finally, Koshinski Asset Management Inc. boosted its position in shares of Ford Motor by 100.3% during the first quarter. Koshinski Asset Management Inc. now owns 39,188 shares of the auto manufacturer’s stock valued at $520,000 after buying an additional 19,619 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Performance

Shares of F stock opened at $11.11 on Wednesday. The firm has a market cap of $44.13 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 1.99 and a beta of 1.62. Ford Motor has a 52-week low of $9.49 and a 52-week high of $14.85. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34. The company’s 50 day moving average is $10.77 and its 200 day moving average is $11.54.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The business 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 business’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $0.39 EPS. On average, sell-side analysts anticipate that Ford Motor will post 1.82 EPS for the current fiscal year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 5.40%. Ford Motor’s dividend payout ratio is presently 68.18%.

Analyst Ratings Changes

A number of brokerages recently issued reports on F. Barclays decreased their price target on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Royal Bank of Canada reissued a “sector perform” rating and set a $10.00 target price on shares of Ford Motor in a research note on Tuesday, October 29th. Wells Fargo & Company cut their price target on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday, September 10th. StockNews.com upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday, October 30th. Two 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $12.02.

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.