Ford Motor (F) Position Reduced by Optimum Investment Advisors

Optimum Investment Advisors cut its stake in Ford Motor (NYSE:F) by 20.8% in the first quarter, HoldingsChannel reports. The firm owned 16,552 shares of the auto manufacturer’s stock after selling 4,337 shares during the period. Optimum Investment Advisors’ holdings in Ford Motor were worth $145,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in F. Norges Bank acquired a new stake in Ford Motor in the 4th quarter worth approximately $161,692,000. Oregon Public Employees Retirement Fund raised its position in Ford Motor by 572.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 19,763,660 shares of the auto manufacturer’s stock worth $2,583,000 after buying an additional 16,825,955 shares during the last quarter. Geode Capital Management LLC raised its position in Ford Motor by 8.2% during the 4th quarter. Geode Capital Management LLC now owns 52,343,847 shares of the auto manufacturer’s stock worth $399,887,000 after buying an additional 3,950,938 shares during the last quarter. SG Americas Securities LLC raised its position in Ford Motor by 147.8% during the 1st quarter. SG Americas Securities LLC now owns 1,162,396 shares of the auto manufacturer’s stock worth $10,206,000 after buying an additional 3,593,791 shares during the last quarter. Finally, Millennium Management LLC raised its position in Ford Motor by 4,908.8% during the 4th quarter. Millennium Management LLC now owns 3,259,172 shares of the auto manufacturer’s stock worth $24,933,000 after buying an additional 3,326,947 shares during the last quarter. Institutional investors own 53.16% of the company’s stock.

Shares of F opened at $10.38 on Friday. Ford Motor has a 52-week low of $7.41 and a 52-week high of $12.15. The company has a debt-to-equity ratio of 2.82, a quick ratio of 1.10 and a current ratio of 1.22. The firm has a market cap of $41.24 billion, a price-to-earnings ratio of 7.98, a price-to-earnings-growth ratio of 1.01 and a beta of 1.12.

Ford Motor (NYSE:F) last announced its earnings results on Thursday, April 25th. The auto manufacturer reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.18. Ford Motor had a net margin of 1.94% and a return on equity of 14.41%. The company had revenue of $40.34 billion for the quarter, compared to analysts’ expectations of $37.37 billion. During the same quarter in the previous year, the company posted $0.43 EPS. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. As a group, analysts forecast that Ford Motor will post 1.38 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, April 24th will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $0.60 annualized dividend and a yield of 5.78%. Ford Motor’s dividend payout ratio (DPR) is presently 46.15%.

A number of research firms recently issued reports on F. Morgan Stanley set a $10.00 price target on shares of Ford Motor and gave the company a “hold” rating in a research note on Friday, April 26th. TheStreet raised shares of Ford Motor from a “c” rating to a “b-” rating in a research note on Thursday, April 25th. BMO Capital Markets lifted their price target on shares of Ford Motor from $8.50 to $10.00 and gave the company a “market perform” rating in a research note on Monday, May 6th. ValuEngine raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Zacks Investment Research raised shares of Ford Motor from a “hold” rating to a “strong-buy” rating and set a $12.00 price target on the stock in a research note on Tuesday, April 30th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $10.57.

In other Ford Motor news, VP Catherine A. O’callaghan sold 53,000 shares of Ford Motor stock in a transaction on Monday, April 29th. The shares were sold at an average price of $10.33, for a total transaction of $547,490.00. Following the sale, the vice president now owns 48,275 shares of the company’s stock, valued at approximately $498,680.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.83% of the company’s stock.

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Ford Motor Profile

Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified 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.

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

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