MetLife Investment Management LLC Reduces Position in Ford Motor (NYSE:F)

MetLife Investment Management LLC cut its stake in Ford Motor (NYSE:F) by 2.9% during the third quarter, HoldingsChannel reports. The firm owned 1,015,633 shares of the auto manufacturer’s stock after selling 30,434 shares during the period. MetLife Investment Management LLC’s holdings in Ford Motor were worth $10,725,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. CreativeOne Wealth LLC increased its holdings in shares of Ford Motor by 38.2% in the 3rd quarter. CreativeOne Wealth LLC now owns 297,701 shares of the auto manufacturer’s stock valued at $3,144,000 after acquiring an additional 82,298 shares during the period. Blueshift Asset Management LLC increased its stake in Ford Motor by 33.2% during the 3rd quarter. Blueshift Asset Management LLC now owns 143,674 shares of the auto manufacturer’s stock valued at $1,517,000 after purchasing an additional 35,809 shares in the last quarter. Bridgewater Associates LP purchased a new position in Ford Motor in the 3rd quarter worth $12,634,000. Freedom Investment Management Inc. raised its stake in shares of Ford Motor by 8.6% in the third quarter. Freedom Investment Management Inc. now owns 14,447 shares of the auto manufacturer’s stock worth $153,000 after purchasing an additional 1,142 shares during the last quarter. Finally, Townsquare Capital LLC raised its position in Ford Motor by 8.9% during the 3rd quarter. Townsquare Capital LLC now owns 94,090 shares of the auto manufacturer’s stock worth $994,000 after buying an additional 7,650 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Stock Performance

Shares of Ford Motor stock opened at $11.10 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. The firm’s 50-day moving average price is $10.85 and its 200 day moving average price is $11.44. The firm has a market capitalization of $44.11 billion, a PE ratio of 12.61, a P/E/G ratio of 2.08 and a beta of 1.62. Ford Motor has a twelve month low of $9.49 and a twelve month high of $14.85.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $45.13 billion. During the same period in the previous year, the business posted $0.39 earnings per share. Ford Motor’s quarterly revenue was up 5.5% on a year-over-year basis. On average, sell-side analysts predict that Ford Motor will post 1.81 EPS for the current fiscal year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, November 7th. This represents a $0.60 annualized dividend and a dividend yield of 5.41%. Ford Motor’s dividend payout ratio is presently 68.18%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Sanford C. Bernstein lowered Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective for the company. in a research note on Thursday, November 7th. Wolfe Research assumed coverage on Ford Motor in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. The Goldman Sachs Group upgraded Ford Motor from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $12.00 to $13.00 in a research report on Tuesday, October 1st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $10.00 target price on shares of Ford Motor in a report on Tuesday, October 29th. Finally, 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. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Ford Motor currently has a consensus rating of “Hold” and a consensus target price of $12.02.

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.