MetLife Investment Management LLC Sells 30,434 Shares of Ford Motor (NYSE:F)

MetLife Investment Management LLC lessened its stake in shares of Ford Motor (NYSE:F) by 2.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,015,633 shares of the auto manufacturer’s stock after selling 30,434 shares during the period. MetLife Investment Management LLC’s holdings in Ford Motor were worth $10,725,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Tidal Investments LLC raised its holdings in Ford Motor by 9.7% during the 1st quarter. Tidal Investments LLC now owns 155,875 shares of the auto manufacturer’s stock valued at $2,070,000 after acquiring an additional 13,820 shares during the period. Comerica Bank lifted its position in Ford Motor by 5.2% in the 1st quarter. Comerica Bank now owns 850,984 shares of the auto manufacturer’s stock worth $11,301,000 after buying an additional 42,241 shares during the last quarter. iA Global Asset Management Inc. lifted its holdings in shares of Ford Motor by 62.6% in the 1st quarter. iA Global Asset Management Inc. now owns 74,832 shares of the auto manufacturer’s stock worth $994,000 after acquiring an additional 28,807 shares during the last quarter. LRI Investments LLC purchased a new stake in Ford Motor during the first quarter valued at about $66,000. Finally, Swedbank AB purchased a new stake in Ford Motor during the 1st quarter valued at about $10,416,000. Institutional investors own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on F. Wells Fargo & Company cut their price target on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday, September 10th. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and upped their price target for the stock from $12.00 to $13.00 in a research note on Tuesday, October 1st. Barclays decreased their target price on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft lowered their price target on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, October 30th. Finally, Morgan Stanley cut Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $16.00 to $12.00 in a research report on Wednesday, September 25th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $12.02.

Ford Motor Stock Performance

Shares of F opened at $11.10 on Friday. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98. The company has a 50 day simple moving average of $10.85 and a two-hundred day simple moving average of $11.44. Ford Motor has a 1 year low of $9.49 and a 1 year high of $14.85. The firm has a market cap of $44.11 billion, a P/E ratio of 12.61, a price-to-earnings-growth ratio of 2.08 and a beta of 1.62.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The company had revenue of $46.20 billion during the quarter, compared to analyst estimates of $45.13 billion. During the same period in the prior year, the company earned $0.39 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. On average, equities analysts expect that Ford Motor will post 1.81 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 7th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.60 annualized dividend and a yield of 5.41%. Ford Motor’s dividend payout ratio is currently 68.18%.

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.