Ford Motor Company $F Shares Sold by Focus Financial Network Inc.

Focus Financial Network Inc. cut its stake in shares of Ford Motor Company (NYSE:F) by 14.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 63,901 shares of the auto manufacturer’s stock after selling 10,476 shares during the quarter. Focus Financial Network Inc.’s holdings in Ford Motor were worth $693,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of F. Vanguard Group Inc. lifted its holdings in shares of Ford Motor by 13.8% during the first quarter. Vanguard Group Inc. now owns 457,660,361 shares of the auto manufacturer’s stock worth $4,590,333,000 after purchasing an additional 55,576,478 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Ford Motor by 6,915.1% during the first quarter. Pacer Advisors Inc. now owns 49,078,048 shares of the auto manufacturer’s stock worth $492,253,000 after purchasing an additional 48,378,444 shares during the period. Nuveen LLC purchased a new position in Ford Motor in the first quarter worth $123,147,000. Charles Schwab Investment Management Inc. raised its position in 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 worth $1,404,741,000 after acquiring an additional 10,947,527 shares in the last quarter. Finally, Aberdeen Group plc raised its position in Ford Motor by 150.6% in the first quarter. Aberdeen Group plc now owns 7,264,106 shares of the auto manufacturer’s stock worth $72,169,000 after acquiring an additional 4,365,125 shares in the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

F has been the subject of several research analyst reports. Wall Street Zen upgraded Ford Motor from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. Jefferies Financial Group increased their price objective on Ford Motor from $8.00 to $9.00 and gave the stock an “underperform” rating in a research report on Monday, August 11th. JPMorgan Chase & Co. increased their price objective on Ford Motor from $12.00 to $13.00 and gave the stock an “overweight” rating in a research report on Monday, July 21st. Royal Bank Of Canada increased their price objective on Ford Motor from $10.00 to $11.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 5th. Finally, Piper Sandler raised their price target on Ford Motor from $9.00 to $9.50 and gave the company a “neutral” rating in a research report on Thursday, July 31st. Two research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $10.53.

Insider Buying and Selling at Ford Motor

In other news, insider Andrew Frick sold 30,000 shares of Ford Motor stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total value of $330,000.00. Following the transaction, the insider directly owned 113,939 shares of the company’s stock, valued at $1,253,329. The trade was a 20.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.48% of the stock is owned by corporate insiders.

Ford Motor Stock Down 0.9%

Shares of NYSE:F opened at $11.63 on Friday. The stock’s 50-day moving average price is $11.46 and its two-hundred day moving average price is $10.67. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 2.24. Ford Motor Company has a 12-month low of $8.44 and a 12-month high of $11.99. The firm has a market cap of $46.29 billion, a price-to-earnings ratio of 14.91, a PEG ratio of 3.34 and a beta of 1.52.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $42.91 billion. During the same period last year, the company earned $0.47 EPS. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. On average, research analysts forecast that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend was Monday, August 11th. Ford Motor’s 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.