Ford Motor (NYSE:F) Shares Sold by Canton Hathaway LLC

Canton Hathaway LLC decreased its position in Ford Motor (NYSE:F) by 26.4% during the third quarter, Holdings Channel reports. The firm owned 55,711 shares of the auto manufacturer’s stock after selling 19,993 shares during the quarter. Canton Hathaway LLC’s holdings in Ford Motor were worth $588,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in F. Charles Schwab Investment Management Inc. increased its holdings in shares of Ford Motor by 4.5% in the 3rd 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 acquiring an additional 5,270,562 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Ford Motor by 27.4% during 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 during the period. Legal & General Group Plc grew its stake in shares of Ford Motor by 1.0% during 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 increased its holdings in Ford Motor by 1.6% in the second quarter. LSV Asset Management now owns 20,115,487 shares of the auto manufacturer’s stock valued at $252,248,000 after buying an additional 312,496 shares in the last quarter. Finally, Swiss National Bank increased its stake in Ford Motor by 0.7% in the 3rd quarter. Swiss National Bank now owns 11,639,886 shares of the auto manufacturer’s stock valued at $122,917,000 after purchasing an additional 84,600 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Morgan Stanley downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $16.00 to $12.00 in a report on Wednesday, September 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $10.00 price objective on shares of Ford Motor in a research note on Tuesday, October 29th. Wolfe Research started coverage on shares of Ford Motor in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, October 30th. Finally, Barclays decreased their target price on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Ford Motor currently has a consensus rating of “Hold” and an average target price of $12.02.

Ford Motor Trading Up 0.8 %

F stock opened at $11.27 on Monday. Ford Motor has a 52 week low of $9.49 and a 52 week high of $14.85. The company has a market cap of $44.79 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 2.04 and a beta of 1.62. 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 business has a fifty day simple moving average of $10.83 and a 200-day simple moving average of $11.45.

Ford Motor (NYSE:F) last announced its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, beating the consensus estimate 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 company’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the business posted $0.39 EPS. On average, equities research analysts expect that Ford Motor will post 1.81 EPS for the current year.

Ford Motor Announces Dividend

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. The ex-dividend date is Thursday, November 7th. This represents a $0.60 annualized dividend and a dividend yield of 5.32%. Ford Motor’s dividend payout ratio (DPR) is presently 68.18%.

Ford Motor 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.