Ford Motor (NYSE:F) Shares Sold by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC reduced its position in Ford Motor (NYSE:F) by 26.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 16,045 shares of the auto manufacturer’s stock after selling 5,838 shares during the period. Hohimer Wealth Management LLC’s holdings in Ford Motor were worth $201,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its position in shares of Ford Motor by 1.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,349,276 shares of the auto manufacturer’s stock valued at $71,039,000 after acquiring an additional 59,082 shares in the last quarter. Wedmont Private Capital boosted its position in shares of Ford Motor by 33.1% during the first quarter. Wedmont Private Capital now owns 17,124 shares of the auto manufacturer’s stock worth $232,000 after buying an additional 4,255 shares during the period. Hodges Capital Management Inc. grew its holdings in Ford Motor by 18.3% in the 1st quarter. Hodges Capital Management Inc. now owns 95,500 shares of the auto manufacturer’s stock worth $1,268,000 after buying an additional 14,750 shares in the last quarter. Focus Financial Network Inc. ADV acquired a new stake in Ford Motor in the 4th quarter valued at approximately $2,812,000. Finally, Park Avenue Securities LLC raised its stake in Ford Motor by 9.6% during the 1st quarter. Park Avenue Securities LLC now owns 155,951 shares of the auto manufacturer’s stock valued at $2,071,000 after acquiring an additional 13,597 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on F shares. Royal Bank of Canada decreased their price target on Ford Motor from $13.00 to $10.00 and set a “sector perform” rating for the company in a research note on Monday, August 12th. Sanford C. Bernstein started coverage on Ford Motor in a report on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 price objective for the company. The Goldman Sachs Group lowered their target price on Ford Motor from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Thursday, July 25th. Wolfe Research initiated coverage on shares of Ford Motor in a report on Thursday. They set a “peer perform” rating on the stock. Finally, Barclays decreased their price objective on shares of Ford Motor from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Ford Motor presently has a consensus rating of “Hold” and an average target price of $13.48.

Ford Motor Stock Down 1.7 %

Ford Motor stock opened at $10.77 on Friday. The firm’s 50 day moving average price is $11.74 and its two-hundred day moving average price is $12.16. The firm has a market cap of $42.98 billion, a PE ratio of 11.10, a P/E/G ratio of 0.81 and a beta of 1.62. Ford Motor has a twelve month low of $9.49 and a twelve month high of $14.85. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.00 and a current ratio of 1.17.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.21). Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The firm had revenue of $47.81 billion for the quarter, compared to analysts’ expectations of $47.79 billion. During the same quarter in the prior year, the business posted $0.72 earnings per share. Ford Motor’s revenue was up 6.3% on a year-over-year basis. On average, research analysts predict that Ford Motor will post 1.88 EPS for the current fiscal year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Wednesday, August 7th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.60 annualized dividend and a dividend yield of 5.57%. Ford Motor’s payout ratio is 61.86%.

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.