DNB Asset Management AS Purchases 29,249 Shares of Ford Motor (NYSE:F)

DNB Asset Management AS grew its stake in shares of Ford Motor (NYSE:F) by 7.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 425,588 shares of the auto manufacturer’s stock after buying an additional 29,249 shares during the quarter. DNB Asset Management AS’s holdings in Ford Motor were worth $3,898,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. City Holding Co. raised its holdings in shares of Ford Motor by 10.3% in the 2nd quarter. City Holding Co. now owns 10,726 shares of the auto manufacturer’s stock worth $110,000 after acquiring an additional 1,000 shares during the last quarter. Searle & CO. raised its holdings in shares of Ford Motor by 1.9% in the 2nd quarter. Searle & CO. now owns 53,100 shares of the auto manufacturer’s stock worth $543,000 after acquiring an additional 1,000 shares during the last quarter. Financial Advisory Service Inc. raised its holdings in shares of Ford Motor by 5.2% in the 2nd quarter. Financial Advisory Service Inc. now owns 21,616 shares of the auto manufacturer’s stock worth $221,000 after acquiring an additional 1,062 shares during the last quarter. Destination Wealth Management raised its holdings in shares of Ford Motor by 27.2% in the 2nd quarter. Destination Wealth Management now owns 5,057 shares of the auto manufacturer’s stock worth $52,000 after acquiring an additional 1,081 shares during the last quarter. Finally, West Oak Capital LLC raised its holdings in shares of Ford Motor by 46.3% in the 2nd quarter. West Oak Capital LLC now owns 3,579 shares of the auto manufacturer’s stock worth $37,000 after acquiring an additional 1,132 shares during the last quarter. 53.79% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Ford Motor stock traded up $0.15 on Friday, hitting $9.04. 29,423,832 shares of the company traded hands, compared to its average volume of 39,077,676. The company has a market cap of $35.84 billion, a P/E ratio of 6.95, a P/E/G ratio of 1.01 and a beta of 1.10. The firm’s 50-day simple moving average is $8.91 and its 200 day simple moving average is $9.55. Ford Motor has a 12-month low of $7.41 and a 12-month high of $10.56. The company has a current ratio of 1.17, a quick ratio of 1.04 and a debt-to-equity ratio of 2.81.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, October 23rd. The auto manufacturer reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. The company had revenue of $33.93 billion for the quarter, compared to analysts’ expectations of $33.88 billion. Ford Motor had a net margin of 1.01% and a return on equity of 15.53%. The firm’s revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.29 EPS. Analysts predict that Ford Motor will post 1.23 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, October 22nd will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 6.64%. The ex-dividend date of this dividend is Monday, October 21st. Ford Motor’s dividend payout ratio (DPR) is presently 46.15%.

In related news, CEO James P. Hackett sold 20,000 shares of Ford Motor stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $8.95, for a total transaction of $179,000.00. Following the completion of the transaction, the chief executive officer now directly owns 185,184 shares of the company’s stock, valued at approximately $1,657,396.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider James D. Farley, Jr. sold 45,000 shares of Ford Motor stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $9.19, for a total transaction of $413,550.00. Following the transaction, the insider now directly owns 496,753 shares of the company’s stock, valued at $4,565,160.07. The disclosure for this sale can be found here. In the last three months, insiders sold 105,000 shares of company stock worth $946,550. Insiders own 0.83% of the company’s stock.

A number of equities research analysts have issued reports on the stock. Deutsche Bank downgraded shares of Ford Motor from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $12.00 to $11.00 in a research report on Thursday, October 24th. Buckingham Research reduced their price objective on shares of Ford Motor from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Tuesday, October 1st. Bank of America downgraded shares of Ford Motor to a “buy” rating and set a $13.00 price objective for the company. in a research report on Tuesday, September 10th. ValuEngine downgraded shares of Ford Motor from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Finally, Morgan Stanley reissued a “buy” rating and set a $12.00 target price on shares of Ford Motor in a research report on Thursday, October 31st. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Ford Motor currently has a consensus rating of “Hold” and a consensus target price of $10.69.

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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