Envestnet Portfolio Solutions Inc. Has $371,000 Holdings in Ford Motor Company (NYSE:F)

Envestnet Portfolio Solutions Inc. cut its position in Ford Motor Company (NYSE:F) by 13.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,947 shares of the auto manufacturer’s stock after selling 5,931 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Ford Motor were worth $371,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Ford Motor by 16.6% during the 4th quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer’s stock worth $3,980,630,000 after purchasing an additional 57,182,803 shares during the period. Charles Schwab Investment Management Inc. grew its position in Ford Motor by 5.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 129,106,379 shares of the auto manufacturer’s stock worth $1,278,153,000 after buying an additional 6,497,321 shares in the last quarter. Geode Capital Management LLC increased its stake in Ford Motor by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 84,078,284 shares of the auto manufacturer’s stock valued at $830,662,000 after acquiring an additional 2,089,127 shares during the period. Dimensional Fund Advisors LP raised its holdings in Ford Motor by 11.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 46,508,882 shares of the auto manufacturer’s stock valued at $460,444,000 after acquiring an additional 4,925,993 shares in the last quarter. Finally, Norges Bank acquired a new position in Ford Motor in the 4th quarter valued at approximately $387,282,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Trading Up 1.7%

Shares of F stock opened at $10.81 on Friday. Ford Motor Company has a 12-month low of $8.44 and a 12-month high of $14.85. The company has a market capitalization of $42.99 billion, a P/E ratio of 8.65, a P/E/G ratio of 0.92 and a beta of 1.50. The firm has a 50-day moving average price of $10.36 and a 200 day moving average price of $9.96. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 2.26.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.16. Ford Motor had a net margin of 2.74% and a return on equity of 13.49%. The firm had revenue of $40.66 billion during the quarter, compared to the consensus estimate of $35.99 billion. During the same period last year, the firm posted $0.49 EPS. The firm’s quarterly revenue was down 6.2% on a year-over-year basis. Research analysts forecast that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 12th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.55%. The ex-dividend date was Monday, May 12th. Ford Motor’s dividend payout ratio is currently 48.00%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on F. Barclays boosted their price objective on Ford Motor from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. boosted their price target on shares of Ford Motor from $11.00 to $12.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Wall Street Zen upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Saturday, June 14th. TD Cowen began coverage on shares of Ford Motor in a report on Friday, March 7th. They set a “hold” rating and a $10.00 price objective for the company. Finally, Citigroup raised their price objective on shares of Ford Motor from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, May 7th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $10.03.

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.