ING Groep NV Cuts Stock Holdings in Ford Motor Company $F

ING Groep NV lowered its stake in shares of Ford Motor Company (NYSE:F) by 53.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 124,868 shares of the auto manufacturer’s stock after selling 141,903 shares during the quarter. ING Groep NV’s holdings in Ford Motor were worth $1,638,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Ford Motor by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 471,705,454 shares of the auto manufacturer’s stock worth $6,188,776,000 after acquiring an additional 4,087,699 shares during the period. Geode Capital Management LLC increased its position in shares of Ford Motor by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 106,600,353 shares of the auto manufacturer’s stock worth $1,394,697,000 after acquiring an additional 1,255,349 shares during the period. Norges Bank purchased a new stake in shares of Ford Motor during the fourth quarter worth $674,437,000. Bank of New York Mellon Corp increased its holdings in Ford Motor by 26.9% in the fourth quarter. Bank of New York Mellon Corp now owns 38,153,383 shares of the auto manufacturer’s stock valued at $500,572,000 after buying an additional 8,086,564 shares during the last quarter. Finally, Marshall Wace LLP increased its holdings in Ford Motor by 81.1% in the third quarter. Marshall Wace LLP now owns 35,438,722 shares of the auto manufacturer’s stock valued at $423,847,000 after buying an additional 15,866,285 shares during the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Performance

Shares of F stock opened at $14.94 on Wednesday. The stock’s 50-day moving average is $13.26 and its two-hundred day moving average is $13.25. The firm has a market cap of $59.55 billion, a price-to-earnings ratio of -9.64, a PEG ratio of 0.33 and a beta of 1.79. Ford Motor Company has a 1 year low of $10.36 and a 1 year high of $17.78. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.94 and a current ratio of 1.09.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.48. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The business had revenue of $43.25 billion during the quarter, compared to the consensus estimate of $42.66 billion. During the same period in the previous year, the business earned $0.14 EPS. The business’s quarterly revenue was up 6.4% on a year-over-year basis. Analysts predict that Ford Motor Company will post 1.64 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Tuesday, May 12th. Ford Motor’s payout ratio is presently -38.71%.

Analyst Upgrades and Downgrades

F has been the topic of several recent analyst reports. Citigroup increased their target price on Ford Motor from $13.00 to $19.00 and gave the company a “neutral” rating in a report on Monday, June 1st. The Goldman Sachs Group dropped their target price on Ford Motor from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Zacks Research lowered Ford Motor from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Morgan Stanley reissued an “equal weight” rating and issued a $14.00 target price on shares of Ford Motor in a report on Wednesday, May 13th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $13.00 target price on shares of Ford Motor in a report on Friday, May 15th. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $14.41.

Ford Motor Company Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.