Metropolitan Life Insurance Co NY Trims Position in Ford Motor (NYSE:F)

Metropolitan Life Insurance Co NY reduced its position in Ford Motor (NYSE:F) by 2.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 171,264 shares of the auto manufacturer’s stock after selling 3,861 shares during the period. Metropolitan Life Insurance Co NY’s holdings in Ford Motor were worth $2,591,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Snider Financial Group grew its stake in shares of Ford Motor by 100,345.2% during the 1st quarter. Snider Financial Group now owns 219,805,167 shares of the auto manufacturer’s stock valued at $3,717,000 after buying an additional 219,586,336 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Ford Motor by 243.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 81,406,673 shares of the auto manufacturer’s stock valued at $1,025,724,000 after buying an additional 57,689,209 shares in the last quarter. Norges Bank purchased a new stake in Ford Motor during the fourth quarter worth approximately $419,237,000. Moneta Group Investment Advisors LLC increased its position in shares of Ford Motor by 81,406.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 30,201,290 shares of the auto manufacturer’s stock worth $351,241,000 after acquiring an additional 30,164,236 shares in the last quarter. Finally, Two Sigma Advisers LP acquired a new position in shares of Ford Motor during the 1st quarter valued at $341,804,000. 52.73% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Stock Performance

Shares of Ford Motor stock opened at $10.34 on Tuesday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.03 and a current ratio of 1.21. Ford Motor has a 1 year low of $9.63 and a 1 year high of $15.42. The firm’s 50-day simple moving average is $11.43 and its 200-day simple moving average is $12.48. The firm has a market cap of $41.39 billion, a PE ratio of 6.76, a price-to-earnings-growth ratio of 0.91 and a beta of 1.68.

Ford Motor (NYSE:F) last posted its earnings results on Thursday, October 26th. The auto manufacturer reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.01). The company had revenue of $43.80 billion for the quarter, compared to the consensus estimate of $43.94 billion. Ford Motor had a net margin of 3.54% and a return on equity of 21.01%. The firm’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same period last year, the company posted $0.30 earnings per share. Equities analysts forecast that Ford Motor will post 1.92 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 1st will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.80%. The ex-dividend date of this dividend is Tuesday, October 31st. Ford Motor’s dividend payout ratio is presently 39.22%.

Analyst Ratings Changes

Several research analysts have commented on F shares. JPMorgan Chase & Co. raised their price objective on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Friday, July 28th. Daiwa Capital Markets boosted their price target on Ford Motor from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 1st. UBS Group assumed coverage on Ford Motor in a report on Tuesday, September 12th. They issued a “buy” rating and a $15.00 price target for the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $12.00 price objective on shares of Ford Motor in a research note on Wednesday, August 30th. Finally, Jefferies Financial Group downgraded shares of Ford Motor from a “buy” rating to a “hold” rating and decreased their target price for the company from $17.00 to $15.00 in a research note on Monday, July 31st. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $14.42.

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.