United Services Automobile Association Reduces Position in Ford Motor Company (NYSE:F)

United Services Automobile Association decreased its position in Ford Motor Company (NYSE:F) by 3.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,659,045 shares of the auto manufacturer’s stock after selling 86,212 shares during the period. United Services Automobile Association owned 0.07% of Ford Motor worth $30,951,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Vident Investment Advisory LLC increased its position in shares of Ford Motor by 0.4% in the fourth quarter. Vident Investment Advisory LLC now owns 184,544 shares of the auto manufacturer’s stock worth $2,239,000 after buying an additional 812 shares in the last quarter. Advisor Partners LLC increased its position in shares of Ford Motor by 6.3% in the first quarter. Advisor Partners LLC now owns 31,086 shares of the auto manufacturer’s stock worth $362,000 after buying an additional 1,840 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its position in shares of Ford Motor by 133.0% in the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 584,761 shares of the auto manufacturer’s stock worth $6,805,000 after buying an additional 333,821 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Ford Motor by 130.3% in the first quarter. Acadian Asset Management LLC now owns 38,664 shares of the auto manufacturer’s stock worth $450,000 after buying an additional 21,879 shares in the last quarter. Finally, Camelot Portfolios LLC increased its position in shares of Ford Motor by 16.0% in the first quarter. Camelot Portfolios LLC now owns 248,731 shares of the auto manufacturer’s stock worth $2,895,000 after buying an additional 34,317 shares in the last quarter. 55.40% of the stock is currently owned by institutional investors.

Shares of Ford Motor Company (F) opened at 10.95 on Friday. The company has a market capitalization of $43.49 billion, a P/E ratio of 11.53 and a beta of 1.11. The company has a 50-day moving average of $11.31 and a 200 day moving average of $11.67. Ford Motor Company has a 12 month low of $10.67 and a 12 month high of $13.27.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.13. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The firm had revenue of $36.93 billion for the quarter, compared to analyst estimates of $37.22 billion. During the same quarter in the previous year, the firm posted $0.52 EPS. The business’s revenue for the quarter was down .5% on a year-over-year basis. Analysts forecast that Ford Motor Company will post $1.76 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, July 24th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.48%. The ex-dividend date of this dividend is Thursday, July 20th. Ford Motor’s payout ratio is 63.16%.

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A number of equities analysts have recently commented on the stock. Nomura downgraded shares of Ford Motor to a “hold” rating in a research note on Saturday. Royal Bank Of Canada reaffirmed a “buy” rating and set a $14.00 price target on shares of Ford Motor in a report on Friday, May 5th. Jefferies Group LLC reaffirmed a “hold” rating and set a $12.00 price target on shares of Ford Motor in a report on Monday, May 22nd. Berenberg Bank set a $10.00 price target on shares of Ford Motor and gave the company a “sell” rating in a report on Monday, June 12th. Finally, Vetr lowered shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.78 price target for the company. in a report on Tuesday, July 4th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $13.11.

In other news, insider James D. Farley, Jr. sold 25,000 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $11.16, for a total value of $279,000.00. Following the sale, the insider now owns 428,411 shares of the company’s stock, valued at approximately $4,781,066.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP John T. Lawler sold 80,624 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total transaction of $886,864.00. Following the completion of the sale, the vice president now directly owns 10 shares in the company, valued at approximately $110. The disclosure for this sale can be found here. 1.08% of the stock is currently owned by corporate insiders.

Ford Motor Company Profile

Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.

Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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