Smith Anglin Financial LLC Sells 1,165 Shares of Ford Motor Company $F

Smith Anglin Financial LLC lowered its position in Ford Motor Company (NYSE:F) by 5.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,639 shares of the auto manufacturer’s stock after selling 1,165 shares during the quarter. Smith Anglin Financial LLC’s holdings in Ford Motor were worth $224,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Wedmont Private Capital grew its stake in Ford Motor by 3.0% in the second quarter. Wedmont Private Capital now owns 31,593 shares of the auto manufacturer’s stock worth $374,000 after purchasing an additional 934 shares in the last quarter. Meriwether Wealth & Planning LLC grew its stake in Ford Motor by 6.9% in the second quarter. Meriwether Wealth & Planning LLC now owns 15,186 shares of the auto manufacturer’s stock worth $165,000 after purchasing an additional 985 shares in the last quarter. Atlas Capital Advisors Inc. grew its stake in Ford Motor by 21.2% in the first quarter. Atlas Capital Advisors Inc. now owns 5,665 shares of the auto manufacturer’s stock worth $57,000 after purchasing an additional 989 shares in the last quarter. City Holding Co. grew its stake in Ford Motor by 47.8% in the second quarter. City Holding Co. now owns 3,090 shares of the auto manufacturer’s stock worth $34,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Silver Oak Securities Incorporated boosted its position in Ford Motor by 2.4% during the 2nd quarter. Silver Oak Securities Incorporated now owns 43,775 shares of the auto manufacturer’s stock valued at $475,000 after acquiring an additional 1,013 shares in the last quarter. Institutional investors own 58.74% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on F. Dbs Bank cut Ford Motor from a “hold” rating to a “moderate sell” rating in a research report on Monday, August 4th. Royal Bank Of Canada increased their target price on Ford Motor from $10.00 to $11.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 5th. The Goldman Sachs Group increased their target price on Ford Motor from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Monday. Wall Street Zen raised Ford Motor from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. Finally, Jefferies Financial Group increased their target price on Ford Motor from $8.00 to $9.00 and gave the company an “underperform” rating in a research report on Monday, August 11th. Two analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $10.57.

Ford Motor Stock Performance

Shares of F opened at $12.10 on Tuesday. Ford Motor Company has a 12 month low of $8.44 and a 12 month high of $12.31. The stock has a fifty day moving average price of $11.51 and a 200-day moving average price of $10.77. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 2.24. The firm has a market cap of $48.16 billion, a PE ratio of 15.51, a P/E/G ratio of 3.45 and a beta of 1.52.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, July 30th. The auto manufacturer reported $0.37 EPS for the quarter, beating the consensus estimate of $0.33 by $0.04. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.The firm had revenue of $50.18 billion during the quarter, compared to analyst estimates of $42.91 billion. During the same quarter in the prior year, the business posted $0.47 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities research analysts predict that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Monday, August 11th. Ford Motor’s dividend payout ratio is currently 76.92%.

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.