TCW Group Inc. Sells 1,219 Shares of Ford Motor (NYSE:F)

TCW Group Inc. cut its position in shares of Ford Motor (NYSE:F) by 2.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 53,788 shares of the auto manufacturer’s stock after selling 1,219 shares during the quarter. TCW Group Inc.’s holdings in Ford Motor were worth $568,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of F. Worldquant Millennium Advisors LLC bought a new stake in Ford Motor during the third quarter worth $55,456,000. ING Groep NV boosted its stake in Ford Motor by 93.4% in the 3rd quarter. ING Groep NV now owns 1,181,128 shares of the auto manufacturer’s stock valued at $12,473,000 after purchasing an additional 570,293 shares during the period. OneAscent Financial Services LLC acquired a new position in shares of Ford Motor in the third quarter valued at about $545,000. Quantbot Technologies LP increased its position in Ford Motor by 1,157.9% during the third quarter. Quantbot Technologies LP now owns 181,006 shares of the auto manufacturer’s stock worth $1,911,000 after acquiring an additional 166,617 shares during the period. Finally, GSA Capital Partners LLP raised its stake in Ford Motor by 20.8% in the 3rd quarter. GSA Capital Partners LLP now owns 91,278 shares of the auto manufacturer’s stock worth $964,000 after purchasing an additional 15,729 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Performance

NYSE:F opened at $10.40 on Friday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. Ford Motor has a fifty-two week low of $9.49 and a fifty-two week high of $14.85. The company has a 50 day simple moving average of $10.85 and a two-hundred day simple moving average of $11.33. The company has a market capitalization of $41.33 billion, a PE ratio of 11.82, a P/E/G ratio of 1.90 and a beta of 1.62.

Ford Motor (NYSE:F) last issued 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. The business had revenue of $46.20 billion for the quarter, compared to analysts’ expectations of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 earnings per share. Research analysts anticipate that Ford Motor will post 1.81 earnings per share for the current year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date of this dividend was Thursday, November 7th. Ford Motor’s payout ratio is 68.18%.

Analyst Ratings Changes

Several equities analysts have weighed in on F shares. Morgan Stanley cut Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $16.00 to $12.00 in a report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday, October 30th. Barclays dropped 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 report on Tuesday, October 29th. Royal Bank of Canada reiterated a “sector perform” rating and set a $10.00 price target on shares of Ford Motor in a research report on Tuesday, October 29th. Finally, Wells Fargo & Company cut their target price on Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Tuesday, September 10th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Ford Motor presently has an average rating of “Hold” and a consensus target price of $12.08.

Ford Motor Company 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.