Envestnet Asset Management Inc. Sells 114,295 Shares of Ford Motor Company $F

Envestnet Asset Management Inc. reduced its holdings in Ford Motor Company (NYSE:F) by 19.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 485,604 shares of the auto manufacturer’s stock after selling 114,295 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Ford Motor were worth $5,808,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of F. Norges Bank acquired a new position in Ford Motor in the second quarter worth $405,328,000. Marshall Wace LLP raised its holdings in shares of Ford Motor by 712.7% in the second quarter. Marshall Wace LLP now owns 19,572,437 shares of the auto manufacturer’s stock valued at $212,361,000 after buying an additional 17,164,234 shares during the last quarter. Geode Capital Management LLC lifted its position in Ford Motor by 17.9% during the 2nd quarter. Geode Capital Management LLC now owns 103,784,031 shares of the auto manufacturer’s stock worth $1,122,434,000 after buying an additional 15,748,694 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Ford Motor by 32.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 29,342,420 shares of the auto manufacturer’s stock worth $318,365,000 after acquiring an additional 7,238,424 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Ford Motor by 3.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 145,172,134 shares of the auto manufacturer’s stock valued at $1,575,118,000 after acquiring an additional 5,118,228 shares in the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Stock Performance

Shares of Ford Motor stock opened at $14.01 on Friday. Ford Motor Company has a 52 week low of $8.44 and a 52 week high of $14.50. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.94 and a current ratio of 1.07. The stock has a market capitalization of $55.82 billion, a price-to-earnings ratio of -6.80, a PEG ratio of 0.34 and a beta of 1.66. The firm has a fifty day moving average of $13.68 and a two-hundred day moving average of $12.77.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, February 11th. The auto manufacturer reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.07. Ford Motor had a positive return on equity of 10.16% and a negative net margin of 4.37%.The business had revenue of $45.89 billion during the quarter, compared to analysts’ expectations of $41.78 billion. During the same period in the previous year, the firm earned $0.39 earnings per share. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. As a group, equities research analysts predict that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 13th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.60 annualized dividend and a yield of 4.3%. Ford Motor’s dividend payout ratio (DPR) is presently -29.13%.

Analyst Upgrades and Downgrades

F has been the topic of a number of research reports. Royal Bank Of Canada reiterated a “sector perform” rating and set a $12.00 target price on shares of Ford Motor in a research report on Wednesday, February 11th. Evercore upped their price objective on Ford Motor from $12.00 to $14.00 and gave the stock an “in-line” rating in a report on Monday, December 22nd. Zacks Research upgraded Ford Motor from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Wall Street Zen downgraded Ford Motor from a “buy” rating to a “sell” rating in a research report on Saturday, February 14th. Finally, Citigroup upped their price target on Ford Motor from $11.00 to $13.50 and gave the company a “neutral” rating in a research note on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $13.02.

Ford Motor Profile

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.