Ford Motor (NYSE:F) Shares Sold by Bank of Nova Scotia

Bank of Nova Scotia lowered its position in shares of Ford Motor (NYSE:FGet Rating) by 85.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 488,808 shares of the auto manufacturer’s stock after selling 2,896,466 shares during the period. Bank of Nova Scotia’s holdings in Ford Motor were worth $5,440,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ten Capital Wealth Advisors LLC acquired a new position in Ford Motor in the 1st quarter valued at about $25,000. Mark Sheptoff Financial Planning LLC increased its position in Ford Motor by 199.2% in the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 1,505 shares of the auto manufacturer’s stock valued at $25,000 after acquiring an additional 1,002 shares during the period. Pittenger & Anderson Inc. increased its position in Ford Motor by 72.8% in the 2nd quarter. Pittenger & Anderson Inc. now owns 2,374 shares of the auto manufacturer’s stock valued at $26,000 after acquiring an additional 1,000 shares during the period. Core Alternative Capital increased its position in Ford Motor by 390.2% in the 1st quarter. Core Alternative Capital now owns 1,696 shares of the auto manufacturer’s stock valued at $29,000 after acquiring an additional 1,350 shares during the period. Finally, Moisand Fitzgerald Tamayo LLC increased its position in Ford Motor by 62.5% in the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 2,616 shares of the auto manufacturer’s stock valued at $29,000 after acquiring an additional 1,006 shares during the period. Institutional investors and hedge funds own 49.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. TheStreet cut Ford Motor from a “b-” rating to a “c” rating in a research report on Wednesday, October 26th. Deutsche Bank Aktiengesellschaft lifted their price objective on Ford Motor from $12.00 to $13.00 in a report on Thursday, July 28th. Benchmark lowered their price objective on Ford Motor to $23.00 in a report on Tuesday, August 9th. Bank of America lowered their price objective on Ford Motor from $32.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, September 9th. Finally, Citigroup lowered their price objective on Ford Motor from $16.00 to $13.00 and set a “neutral” rating on the stock in a report on Wednesday, September 28th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Ford Motor has an average rating of “Hold” and a consensus target price of $18.07.

Ford Motor Stock Performance

Shares of F opened at $14.06 on Tuesday. The company has a market capitalization of $56.53 billion, a PE ratio of 6.39, a price-to-earnings-growth ratio of 2.43 and a beta of 1.42. Ford Motor has a one year low of $10.61 and a one year high of $25.87. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.20 and a quick ratio of 1.03. The company’s fifty day moving average price is $13.08 and its 200 day moving average price is $13.34.

Ford Motor (NYSE:FGet Rating) last posted its quarterly earnings results on Wednesday, October 26th. The auto manufacturer reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.01). Ford Motor had a return on equity of 14.69% and a net margin of 5.94%. The company had revenue of $37.19 billion during the quarter, compared to analyst estimates of $37.11 billion. During the same quarter in the prior year, the business earned $0.51 earnings per share. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, analysts expect that Ford Motor will post 1.99 earnings per share for the current year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date of this dividend is Monday, November 14th. Ford Motor’s dividend payout ratio is presently 27.27%.

About Ford Motor

(Get Rating)

Ford Motor Company designs, manufactures, markets, and services a range of Ford trucks, cars, sport utility vehicles, electrified vehicles, and Lincoln luxury vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.

See Also

Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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