Valeo Financial Advisors LLC Sells 14,745 Shares of Ford Motor Company $F

Valeo Financial Advisors LLC cut its stake in Ford Motor Company (NYSE:F) by 11.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 115,839 shares of the auto manufacturer’s stock after selling 14,745 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Ford Motor were worth $1,257,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Ford Motor by 13.8% in the first quarter. Vanguard Group Inc. now owns 457,660,361 shares of the auto manufacturer’s stock valued at $4,590,333,000 after purchasing an additional 55,576,478 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Ford Motor by 8.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 140,053,906 shares of the auto manufacturer’s stock valued at $1,404,741,000 after purchasing an additional 10,947,527 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of Ford Motor by 6,915.1% in the first quarter. Pacer Advisors Inc. now owns 49,078,048 shares of the auto manufacturer’s stock valued at $492,253,000 after purchasing an additional 48,378,444 shares in the last quarter. Nuveen LLC purchased a new position in shares of Ford Motor in the first quarter valued at $123,147,000. Finally, National Pension Service grew its position in shares of Ford Motor by 4.5% in the first quarter. National Pension Service now owns 7,544,280 shares of the auto manufacturer’s stock valued at $75,669,000 after purchasing an additional 324,136 shares in the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

F has been the topic of several recent analyst reports. Piper Sandler raised their price target on Ford Motor from $9.00 to $9.50 and gave the company a “neutral” rating in a report on Thursday, July 31st. Dbs Bank downgraded Ford Motor from a “hold” rating to a “moderate sell” rating in a research report on Monday, August 4th. JPMorgan Chase & Co. lifted their price target on Ford Motor from $12.00 to $13.00 and gave the company an “overweight” rating in a research report on Monday, July 21st. The Goldman Sachs Group lifted their price target on Ford Motor from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Monday, September 29th. Finally, Barclays lifted their price target on Ford Motor from $9.00 to $11.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 16th. Two investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.04.

Ford Motor Trading Down 6.1%

NYSE F opened at $11.93 on Wednesday. Ford Motor Company has a 1-year low of $8.44 and a 1-year high of $12.80. 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 stock has a 50-day moving average of $11.63 and a 200-day moving average of $10.86. The firm has a market cap of $47.46 billion, a PE ratio of 15.29, a price-to-earnings-growth ratio of 3.65 and a beta of 1.53.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. The company had revenue of $50.18 billion during the quarter, compared to analyst estimates of $42.91 billion. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.Ford Motor’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.47 EPS. As a group, sell-side analysts forecast that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 5.0%. Ford Motor’s dividend payout ratio is presently 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.