Summit Global Investments Sells 71,470 Shares of Ford Motor (NYSE:F)

Summit Global Investments lessened its position in Ford Motor (NYSE:F - Free Report) by 68.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,589 shares of the auto manufacturer's stock after selling 71,470 shares during the quarter. Summit Global Investments' holdings in Ford Motor were worth $355,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of F. Insight Wealth Partners LLC boosted its stake in shares of Ford Motor by 1.9% during the 2nd quarter. Insight Wealth Partners LLC now owns 44,144 shares of the auto manufacturer's stock worth $554,000 after acquiring an additional 843 shares during the period. Pallas Capital Advisors LLC raised its holdings in shares of Ford Motor by 2.9% during the 2nd quarter. Pallas Capital Advisors LLC now owns 29,850 shares of the auto manufacturer's stock worth $374,000 after buying an additional 846 shares in the last quarter. RB Capital Management LLC grew its position in Ford Motor by 2.9% during the 1st quarter. RB Capital Management LLC now owns 30,380 shares of the auto manufacturer's stock worth $403,000 after acquiring an additional 857 shares during the last quarter. Freestone Capital Holdings LLC grew its position in Ford Motor by 5.0% during the 1st quarter. Freestone Capital Holdings LLC now owns 18,346 shares of the auto manufacturer's stock worth $244,000 after acquiring an additional 875 shares during the last quarter. Finally, Hilltop National Bank grew its position in Ford Motor by 7.1% during the 2nd quarter. Hilltop National Bank now owns 14,159 shares of the auto manufacturer's stock worth $178,000 after acquiring an additional 944 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on F shares. StockNews.com upgraded Ford Motor from a "sell" rating to a "hold" rating in a research report on Friday, August 2nd. Sanford C. Bernstein downgraded Ford Motor from an "outperform" rating to a "market perform" rating and set a $11.00 price target on the stock. in a research note on Thursday. Deutsche Bank Aktiengesellschaft lowered their price objective on Ford Motor from $11.00 to $10.00 and set a "hold" rating for the company in a research note on Wednesday, October 30th. Royal Bank of Canada reissued a "sector perform" rating and issued a $10.00 price objective on shares of Ford Motor in a research note on Tuesday, October 29th. Finally, Wells Fargo & Company reduced their target price on Ford Motor from $10.00 to $9.00 and set an "underweight" rating for the company in a report on Tuesday, September 10th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Ford Motor presently has a consensus rating of "Hold" and a consensus price target of $12.02.

Ford Motor Stock Up 3.0 %

Shares of F stock traded up $0.33 during trading hours on Monday, hitting $11.30. 28,262,615 shares of the company's stock traded hands, compared to its average volume of 53,790,535. The stock's fifty day simple moving average is $10.77 and its two-hundred day simple moving average is $11.55. Ford Motor has a 12-month low of $9.49 and a 12-month high of $14.85. The stock has a market cap of $44.91 billion, a price-to-earnings ratio of 12.73, a PEG ratio of 1.99 and a beta of 1.62. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34.

Ford Motor (NYSE:F - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $46.20 billion during the quarter, compared to analyst estimates of $45.13 billion. During the same period in the previous year, the business earned $0.39 EPS. The firm's revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts expect that Ford Motor will post 1.82 EPS for the current year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 5.31%. Ford Motor's dividend payout ratio is presently 68.18%.

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.