Dimensional Fund Advisors LP Sells 173,123 Shares of Ford Motor Company (NYSE:F)

Dimensional Fund Advisors LP trimmed its holdings in shares of Ford Motor Company (NYSE:F) by 0.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 46,335,759 shares of the auto manufacturer’s stock after selling 173,123 shares during the quarter. Dimensional Fund Advisors LP owned about 1.17% of Ford Motor worth $464,596,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of F. Atlas Capital Advisors Inc. increased its holdings in Ford Motor by 21.2% in the 1st quarter. Atlas Capital Advisors Inc. now owns 5,665 shares of the auto manufacturer’s stock valued at $57,000 after buying an additional 989 shares during the period. Kovack Advisors Inc. increased its holdings in Ford Motor by 1.7% in the 1st quarter. Kovack Advisors Inc. now owns 62,199 shares of the auto manufacturer’s stock valued at $624,000 after buying an additional 1,035 shares during the period. Partners Wealth Management LLC increased its holdings in Ford Motor by 8.4% in the 1st quarter. Partners Wealth Management LLC now owns 13,903 shares of the auto manufacturer’s stock valued at $139,000 after buying an additional 1,082 shares during the period. NorthCrest Asset Manangement LLC increased its holdings in Ford Motor by 7.6% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 16,203 shares of the auto manufacturer’s stock valued at $163,000 after buying an additional 1,140 shares during the period. Finally, Lineweaver Wealth Advisors LLC increased its holdings in Ford Motor by 4.3% in the 1st quarter. Lineweaver Wealth Advisors LLC now owns 27,555 shares of the auto manufacturer’s stock valued at $276,000 after buying an additional 1,142 shares during the period. 58.74% of the stock is owned by institutional investors.

Ford Motor Price Performance

NYSE:F opened at $11.44 on Friday. The firm’s 50 day simple moving average is $11.12 and its 200 day simple moving average is $10.30. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.10 and a quick ratio of 0.95. Ford Motor Company has a one year low of $8.44 and a one year high of $11.97. The company has a market cap of $45.53 billion, a PE ratio of 14.67, a P/E/G ratio of 3.30 and a beta of 1.48.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 EPS for the quarter, topping the consensus estimate of $0.33 by $0.04. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The business had revenue of $50.18 billion for the quarter, compared to the consensus estimate of $42.91 billion. During the same period last year, the company earned $0.47 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. On average, research analysts anticipate that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th will be issued a dividend of $0.15 per share. The ex-dividend date is Monday, August 11th. This represents a $0.60 annualized dividend and a yield of 5.2%. Ford Motor’s dividend payout ratio (DPR) is presently 76.92%.

Insider Transactions at Ford Motor

In other Ford Motor news, insider Andrew Frick sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $11.00, for a total transaction of $330,000.00. Following the completion of the transaction, the insider owned 113,939 shares in the company, valued at approximately $1,253,329. This trade represents a 20.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.48% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Barclays raised their target price on shares of Ford Motor from $9.00 to $11.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. The Goldman Sachs Group raised their price target on shares of Ford Motor from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, May 6th. Dbs Bank downgraded shares of Ford Motor from a “hold” rating to a “moderate sell” rating in a research note on Monday, August 4th. Jefferies Financial Group raised their price target on shares of Ford Motor from $8.00 to $9.00 and gave the company an “underperform” rating in a research note on Monday, August 11th. Finally, Piper Sandler raised their price target on shares of Ford Motor from $9.00 to $9.50 and gave the company a “neutral” rating in a research note on Thursday, July 31st. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $10.53.

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.