Klingman & Associates LLC Sells 3,951 Shares of Ford Motor (NYSE:F)

Klingman & Associates LLC lowered its position in shares of Ford Motor (NYSE:F) by 11.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,898 shares of the auto manufacturer’s stock after selling 3,951 shares during the period. Klingman & Associates LLC’s holdings in Ford Motor were worth $375,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rothschild Investment LLC purchased a new position in shares of Ford Motor during the 2nd quarter valued at about $689,000. Intact Investment Management Inc. bought a new stake in Ford Motor during the 2nd quarter valued at $6,362,000. Bryn Mawr Capital Management LLC boosted its position in Ford Motor by 1,526.5% during the 2nd quarter. Bryn Mawr Capital Management LLC now owns 173,938 shares of the auto manufacturer’s stock valued at $2,406,000 after buying an additional 163,244 shares during the period. Hantz Financial Services Inc. purchased a new position in shares of Ford Motor in the second quarter valued at about $4,966,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Ford Motor by 2.0% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 398,166 shares of the auto manufacturer’s stock valued at $4,993,000 after acquiring an additional 7,786 shares during the period. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on F. StockNews.com raised Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Barclays cut their price objective on Ford Motor from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. The Goldman Sachs Group lowered their price objective on Ford Motor from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, July 25th. Royal Bank of Canada reduced their target price on shares of Ford Motor from $13.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Monday, August 12th. Finally, Sanford C. Bernstein initiated coverage on shares of Ford Motor in a research report on Thursday, May 23rd. They set an “outperform” rating and a $16.00 price target for the company. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $13.48.

Ford Motor Stock Performance

F stock opened at $11.19 on Friday. The stock’s 50 day simple moving average is $11.83 and its 200 day simple moving average is $12.20. The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 2.30. Ford Motor has a 12-month low of $9.49 and a 12-month high of $14.85. The stock has a market capitalization of $44.48 billion, a PE ratio of 11.54, a price-to-earnings-growth ratio of 0.81 and a beta of 1.62.

Ford Motor (NYSE:F) last announced its quarterly 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 net margin of 2.13% and a return on equity of 15.28%. The business had revenue of $47.81 billion for the quarter, compared to the consensus estimate of $47.79 billion. During the same period in the previous year, the company earned $0.72 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, research analysts forecast that Ford Motor will post 1.88 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 7th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, August 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.36%. Ford Motor’s dividend payout ratio is presently 61.86%.

Ford Motor 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.