Bank of New York Mellon Corp Sells 1,239,846 Shares of Ford Motor (NYSE:F)

Bank of New York Mellon Corp cut its holdings in shares of Ford Motor (NYSE:F) by 5.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,286,509 shares of the auto manufacturer’s stock after selling 1,239,846 shares during the period. Bank of New York Mellon Corp owned approximately 0.56% of Ford Motor worth $220,636,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blackhawk Capital Partners LLC. lifted its stake in Ford Motor by 33.7% in the 4th quarter. Blackhawk Capital Partners LLC. now owns 33,131 shares of the auto manufacturer’s stock valued at $328,000 after acquiring an additional 8,359 shares in the last quarter. Prasad Wealth Partners LLC bought a new position in Ford Motor during the fourth quarter worth $124,000. BankPlus Trust Department acquired a new position in shares of Ford Motor in the fourth quarter valued at $34,000. IFP Advisors Inc increased its holdings in shares of Ford Motor by 6.1% in the fourth quarter. IFP Advisors Inc now owns 75,225 shares of the auto manufacturer’s stock valued at $745,000 after purchasing an additional 4,295 shares during the last quarter. Finally, Partners Wealth Management LLC bought a new position in shares of Ford Motor in the fourth quarter valued at about $127,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Stock Performance

NYSE:F opened at $9.30 on Friday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. Ford Motor has a fifty-two week low of $9.10 and a fifty-two week high of $14.85. The company has a 50 day simple moving average of $9.78 and a two-hundred day simple moving average of $10.42. The company has a market capitalization of $36.84 billion, a PE ratio of 6.37, a P/E/G ratio of 0.61 and a beta of 1.63.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. Research analysts anticipate that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.46%. The ex-dividend date is Tuesday, February 18th. Ford Motor’s dividend payout ratio (DPR) is presently 41.10%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on F. Evercore ISI reduced their target price on shares of Ford Motor from $11.00 to $10.00 and set an “in-line” rating for the company in a report on Monday, February 10th. JPMorgan Chase & Co. reduced their price objective on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, February 7th. Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Royal Bank of Canada reduced their price target on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating for the company in a research note on Thursday, February 6th. Finally, BNP Paribas upgraded Ford Motor to a “hold” rating in a research report on Monday, February 10th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $11.89.

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.