Pitcairn Co. Reduces Stock Holdings in Ford Motor (NYSE:F)

Pitcairn Co. lowered its holdings in shares of Ford Motor (NYSE:F) by 9.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,189 shares of the auto manufacturer’s stock after selling 5,184 shares during the quarter. Pitcairn Co.’s holdings in Ford Motor were worth $551,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. CMG Global Holdings LLC raised its holdings in Ford Motor by 12.2% in the 3rd quarter. CMG Global Holdings LLC now owns 52,013 shares of the auto manufacturer’s stock worth $549,000 after purchasing an additional 5,645 shares during the period. Kingsview Wealth Management LLC increased its position in Ford Motor by 36.5% in the third quarter. Kingsview Wealth Management LLC now owns 123,911 shares of the auto manufacturer’s stock worth $1,309,000 after buying an additional 33,138 shares in the last quarter. Cerity Partners LLC raised its stake in shares of Ford Motor by 10.8% in the third quarter. Cerity Partners LLC now owns 324,052 shares of the auto manufacturer’s stock worth $3,422,000 after buying an additional 31,707 shares during the period. Advisory Services & Investments LLC purchased a new position in shares of Ford Motor during the 3rd quarter valued at about $436,000. Finally, Great Valley Advisor Group Inc. grew its stake in shares of Ford Motor by 2.9% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 58,914 shares of the auto manufacturer’s stock valued at $622,000 after acquiring an additional 1,652 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Barclays lowered their price target on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a report on Wednesday, October 30th. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and raised their price target for the company from $12.00 to $13.00 in a report on Tuesday, October 1st. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $10.00 price objective on shares of Ford Motor in a research note on Tuesday, October 29th. Finally, Sanford C. Bernstein downgraded Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price on the stock. in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $12.02.

Ford Motor Price Performance

F stock opened at $11.40 on Tuesday. Ford Motor has a 52 week low of $9.49 and a 52 week high of $14.85. The firm has a market capitalization of $45.31 billion, a P/E ratio of 12.95, a price-to-earnings-growth ratio of 2.04 and a beta of 1.62. The company has a fifty day simple moving average of $10.84 and a two-hundred day simple moving average of $11.45. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34.

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 net margin of 1.93% and a return on equity of 16.16%. The firm had revenue of $46.20 billion during the quarter, compared to the consensus estimate of $45.13 billion. During the same quarter last year, the firm earned $0.39 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. Analysts anticipate that Ford Motor will post 1.81 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.26%. The ex-dividend date of this dividend is Thursday, November 7th. 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.