tru Independence LLC Sells 4,880 Shares of Ford Motor (NYSE:F)

tru Independence LLC reduced its holdings in shares of Ford Motor (NYSE:F) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 488,595 shares of the auto manufacturer’s stock after selling 4,880 shares during the period. Ford Motor comprises about 1.9% of tru Independence LLC’s investment portfolio, making the stock its 20th biggest position. tru Independence LLC’s holdings in Ford Motor were worth $6,127,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in F. Olistico Wealth LLC acquired a new position in Ford Motor during the second quarter worth $25,000. Fortis Group Advisors LLC increased its position in shares of Ford Motor by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock worth $26,000 after purchasing an additional 1,086 shares in the last quarter. Family Firm Inc. bought a new position in Ford Motor during the 2nd quarter valued at about $26,000. Voisard Asset Management Group Inc. acquired a new position in Ford Motor in the fourth quarter valued at about $27,000. Finally, Financial Synergies Wealth Advisors Inc. grew its stake in Ford Motor by 1,997.9% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock worth $27,000 after buying an additional 1,938 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on F shares. Royal Bank of Canada reduced their price objective on Ford Motor from $13.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Monday, August 12th. Evercore ISI upgraded shares of Ford Motor to a “hold” rating in a research report on Friday, July 26th. Wolfe Research began coverage on shares of Ford Motor in a research report on Thursday. They issued a “peer perform” rating for the company. The Goldman Sachs Group dropped their target price on shares of Ford Motor from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, July 25th. Finally, StockNews.com raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Ford Motor currently has an average rating of “Hold” and a consensus price target of $13.48.

Ford Motor Trading Down 1.8 %

NYSE F opened at $10.58 on Friday. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.17 and a quick ratio of 1.00. Ford Motor has a one year low of $9.49 and a one year high of $14.85. The stock’s 50-day moving average is $11.70 and its 200-day moving average is $12.15. The firm has a market cap of $42.24 billion, a P/E ratio of 10.91, a P/E/G ratio of 0.81 and a beta of 1.62.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $47.79 billion. Ford Motor’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the company posted $0.72 EPS. Sell-side analysts anticipate that Ford Motor will post 1.88 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Wednesday, August 7th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.67%. The ex-dividend date was Wednesday, August 7th. Ford Motor’s dividend payout ratio (DPR) is currently 61.86%.

Ford Motor Company Profile

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.