First Heartland Consultants Inc. Decreases Stock Position in Ford Motor (NYSE:F)

by · The Cerbat Gem

First Heartland Consultants Inc. lessened its stake in shares of Ford Motor (NYSE:F – Free Report) by 12.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 29,647 shares of the auto manufacturer’s stock after selling 4,404 shares during the period. First Heartland Consultants Inc.’s holdings in Ford Motor were worth $294,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Ford Motor by 16.6% in the 4th quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer’s stock worth $3,980,630,000 after buying an additional 57,182,803 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Ford Motor by 5.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 129,106,379 shares of the auto manufacturer’s stock worth $1,278,153,000 after buying an additional 6,497,321 shares during the period. Geode Capital Management LLC increased its stake in Ford Motor by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 84,078,284 shares of the auto manufacturer’s stock worth $830,662,000 after buying an additional 2,089,127 shares during the period. Dimensional Fund Advisors LP increased its stake in Ford Motor by 11.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 46,508,882 shares of the auto manufacturer’s stock worth $460,444,000 after buying an additional 4,925,993 shares during the period. Finally, Norges Bank purchased a new position in Ford Motor in the 4th quarter worth about $387,282,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Price Performance

Shares of NYSE F opened at $10.43 on Friday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. The company has a market cap of $41.46 billion, a PE ratio of 7.14, a P/E/G ratio of 0.61 and a beta of 1.53. The business has a 50-day simple moving average of $9.97 and a two-hundred day simple moving average of $10.06. Ford Motor has a fifty-two week low of $8.44 and a fifty-two week high of $14.85.

Ford Motor (NYSE:F – Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.16. The business had revenue of $40.66 billion during the quarter, compared to the consensus estimate of $35.99 billion. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. The company’s quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter last year, the company earned $0.49 earnings per share. As a group, equities analysts expect that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 12th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.76%. The ex-dividend date is Monday, May 12th. Ford Motor’s dividend payout ratio is presently 48.00%.

Analysts Set New Price Targets

Several research analysts recently commented on F shares. Barclays raised their price target on shares of Ford Motor from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 6th. The Goldman Sachs Group raised their price target on Ford Motor from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. raised their price target on Ford Motor from $11.00 to $12.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. TD Cowen assumed coverage on Ford Motor in a research note on Friday, March 7th. They set a “hold” rating and a $10.00 price target on the stock. Finally, Royal Bank of Canada cut their price target on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $10.03.

View Our Latest Stock Report on Ford Motor

About Ford Motor

(Free Report)

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.

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