Gateway Investment Advisers LLC Sells 13,350 Shares of Ford Motor (NYSE:F)

Gateway Investment Advisers LLC lowered its stake in Ford Motor (NYSE:F) by 1.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,179,297 shares of the auto manufacturer’s stock after selling 13,350 shares during the period. Gateway Investment Advisers LLC’s holdings in Ford Motor were worth $11,828,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Ford Motor by 16.6% in the fourth quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer’s stock valued at $3,980,630,000 after acquiring an additional 57,182,803 shares during the last quarter. Norges Bank bought a new position in Ford Motor in the fourth quarter valued at about $387,282,000. Jacobs Levy Equity Management Inc. grew its position in Ford Motor by 88.0% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 22,512,285 shares of the auto manufacturer’s stock valued at $222,872,000 after acquiring an additional 10,535,335 shares during the last quarter. Voloridge Investment Management LLC grew its position in Ford Motor by 2,905.1% in the fourth quarter. Voloridge Investment Management LLC now owns 7,989,463 shares of the auto manufacturer’s stock valued at $79,096,000 after acquiring an additional 7,723,601 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Ford Motor by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 129,106,379 shares of the auto manufacturer’s stock valued at $1,278,153,000 after acquiring an additional 6,497,321 shares during the last quarter. Institutional investors own 58.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Barclays lifted their target price on Ford Motor from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 6th. Sanford C. Bernstein cut Ford Motor from a “market perform” rating to an “underperform” rating and decreased their target price for the company from $9.40 to $7.00 in a research report on Wednesday, April 9th. Piper Sandler lifted their target price on Ford Motor from $8.50 to $9.00 and gave the company a “neutral” rating in a research report on Thursday, May 22nd. Wall Street Zen cut Ford Motor from a “hold” rating to a “sell” rating in a report on Saturday, May 24th. Finally, JPMorgan Chase & Co. boosted their price target on Ford Motor from $11.00 to $12.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Ford Motor currently has an average rating of “Hold” and a consensus target price of $10.03.

Ford Motor Stock Performance

Shares of F stock opened at $10.26 on Friday. The business’s 50 day simple moving average is $10.01 and its 200 day simple moving average is $9.99. Ford Motor has a one year low of $8.44 and a one year high of $14.85. The stock has a market capitalization of $40.80 billion, a PE ratio of 7.03, a PEG ratio of 0.61 and a beta of 1.50. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02.

Ford Motor (NYSE:F) last announced its earnings results on Monday, May 5th. The auto manufacturer reported $0.14 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.16. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. The business had revenue of $40.66 billion for the quarter, compared to analysts’ expectations of $35.99 billion. During the same period in the prior year, the business posted $0.49 earnings per share. The firm’s revenue was down 6.2% on a year-over-year basis. As a group, research analysts forecast that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 12th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date of this dividend was Monday, May 12th. Ford Motor’s payout ratio is 48.00%.

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.