Ford Motor (NYSE:F) Shares Sold by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. reduced its stake in shares of Ford Motor (NYSE:F) by 14.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,116,359 shares of the auto manufacturer’s stock after selling 714,648 shares during the quarter. Royal London Asset Management Ltd. owned 0.10% of Ford Motor worth $51,619,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. LGT Group Foundation increased its position in shares of Ford Motor by 37.8% in the second quarter. LGT Group Foundation now owns 17,565 shares of the auto manufacturer’s stock valued at $220,000 after buying an additional 4,820 shares in the last quarter. Prudential PLC increased its holdings in Ford Motor by 45.4% during the 2nd quarter. Prudential PLC now owns 59,160 shares of the auto manufacturer’s stock valued at $742,000 after acquiring an additional 18,467 shares in the last quarter. Ping Capital Management Inc. acquired a new position in Ford Motor during the second quarter worth about $125,000. LSV Asset Management lifted its holdings in shares of Ford Motor by 1.6% in the second quarter. LSV Asset Management now owns 20,115,487 shares of the auto manufacturer’s stock valued at $252,248,000 after purchasing an additional 312,496 shares in the last quarter. Finally, Ballentine Partners LLC grew its position in shares of Ford Motor by 16.6% in the second quarter. Ballentine Partners LLC now owns 23,671 shares of the auto manufacturer’s stock valued at $297,000 after purchasing an additional 3,371 shares during the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on F shares. Barclays reduced their target price on Ford Motor from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Evercore ISI raised Ford Motor to a “hold” rating in a research note on Friday, July 26th. Wolfe Research started coverage on shares of Ford Motor in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. StockNews.com upgraded Ford Motor from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $11.00 price objective on shares of Ford Motor in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.95.

Ford Motor Stock Performance

Ford Motor stock opened at $10.32 on Wednesday. The company has a market cap of $41.00 billion, a price-to-earnings ratio of 10.63, a price-to-earnings-growth ratio of 0.77 and a beta of 1.62. Ford Motor has a 12 month low of $9.49 and a 12 month high of $14.85. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.17 and a quick ratio of 1.00. The stock’s 50-day moving average is $11.61 and its 200-day moving average is $12.12.

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

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 7th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.82%. The ex-dividend date was Wednesday, August 7th. Ford Motor’s dividend payout ratio (DPR) is presently 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.