Wedge Capital Management L L P NC Lowers Stock Position in Ford Motor Company $F

Wedge Capital Management L L P NC cut its stake in shares of Ford Motor Company (NYSE:F) by 10.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,370,837 shares of the auto manufacturer’s stock after selling 281,334 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.06% of Ford Motor worth $32,955,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in F. MV Capital Management Inc. bought a new stake in Ford Motor during the 4th quarter valued at approximately $25,000. McMillan Office Inc. bought a new position in Ford Motor in the 4th quarter worth approximately $26,000. Legacy Wealth Managment LLC ID grew its holdings in Ford Motor by 108.4% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock valued at $27,000 after buying an additional 1,230 shares in the last quarter. Johnson Financial Group Inc. grew its holdings in Ford Motor by 55.4% during the 3rd quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock valued at $28,000 after buying an additional 837 shares in the last quarter. Finally, Caldwell Trust Co raised its position in shares of Ford Motor by 605.8% during the first quarter. Caldwell Trust Co now owns 2,534 shares of the auto manufacturer’s stock valued at $29,000 after buying an additional 2,175 shares during the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

F has been the topic of several research analyst reports. Zacks Research downgraded shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Wells Fargo & Company raised their target price on shares of Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Thursday, June 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ford Motor in a report on Wednesday, June 24th. Royal Bank Of Canada boosted their price target on shares of Ford Motor from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 29th. Finally, The Goldman Sachs Group increased their price objective on shares of Ford Motor from $13.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, June 11th. Seven analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $15.68.

Ford Motor Trading Down 0.1%

Shares of F stock opened at $13.98 on Wednesday. Ford Motor Company has a 1 year low of $11.11 and a 1 year high of $17.78. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.09 and a quick ratio of 0.93. The stock’s 50 day simple moving average is $14.26 and its two-hundred day simple moving average is $13.49. The company has a market cap of $55.75 billion, a PE ratio of -7.48, a price-to-earnings-growth ratio of 0.29 and a beta of 1.82.

Ford Motor (NYSE:F) last announced its earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.The firm had revenue of $48.30 billion during the quarter, compared to analysts’ expectations of $47.24 billion. During the same quarter in the previous year, the business earned $0.37 EPS. The company’s quarterly revenue was down 3.8% on a year-over-year basis. Research analysts predict that Ford Motor Company will post 1.86 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 4.3%. Ford Motor’s dividend payout ratio is currently -32.09%.

About Ford Motor

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.