Assenagon Asset Management S.A. lowered its stake in shares of Ford Motor (NYSE:F - Free Report) by 44.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,978,701 shares of the auto manufacturer's stock after selling 3,906,688 shares during the period. Assenagon Asset Management S.A. owned approximately 0.13% of Ford Motor worth $49,289,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. San Luis Wealth Advisors LLC grew its holdings in shares of Ford Motor by 45.6% during the fourth quarter. San Luis Wealth Advisors LLC now owns 72,273 shares of the auto manufacturer's stock valued at $716,000 after buying an additional 22,639 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in Ford Motor by 2.7% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 79,744 shares of the auto manufacturer's stock valued at $789,000 after purchasing an additional 2,075 shares during the last quarter. Pines Wealth Management LLC bought a new stake in Ford Motor during the 4th quarter worth approximately $326,000. MRA Advisory Group purchased a new stake in shares of Ford Motor in the fourth quarter worth approximately $126,000. Finally, Signal Advisors Wealth LLC lifted its holdings in shares of Ford Motor by 17.0% in the fourth quarter. Signal Advisors Wealth LLC now owns 97,711 shares of the auto manufacturer's stock valued at $967,000 after purchasing an additional 14,195 shares in the last quarter. Institutional investors own 58.74% of the company's stock.
Analysts Set New Price Targets
F has been the subject of several analyst reports. Morgan Stanley lowered shares of Ford Motor from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $16.00 to $12.00 in a research note on Wednesday, September 25th. Jefferies Financial Group lowered Ford Motor from a "hold" rating to an "underperform" rating and dropped their price target for the stock from $12.00 to $9.00 in a report on Monday, December 16th. Barclays decreased their target price on Ford Motor from $14.00 to $13.00 and set an "overweight" rating for the company in a research report on Tuesday, October 29th. Wolfe Research reissued an "underperform" rating on shares of Ford Motor in a report on Thursday, December 5th. Finally, The Goldman Sachs Group upgraded shares of Ford Motor from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $12.00 to $13.00 in a report on Tuesday, October 1st. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $11.83.
Check Out Our Latest Stock Analysis on F
Ford Motor Stock Performance
Shares of NYSE F traded up $0.06 during mid-day trading on Thursday, hitting $10.01. The company had a trading volume of 45,699,619 shares, compared to its average volume of 63,151,141. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. Ford Motor has a 1 year low of $9.49 and a 1 year high of $14.85. The company has a market capitalization of $39.76 billion, a price-to-earnings ratio of 11.37, a P/E/G ratio of 1.86 and a beta of 1.64. The stock's 50-day moving average price is $10.42 and its 200-day moving average price is $10.96.
Ford Motor (NYSE:F - Get Free Report) last posted its 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. The business had revenue of $46.20 billion for the quarter, compared to analyst estimates of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. Ford Motor's revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 EPS. On average, sell-side analysts forecast that Ford Motor will post 1.77 earnings per share for the current year.
Ford Motor Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 7th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.00%. The ex-dividend date was Thursday, November 7th. Ford Motor's dividend payout ratio (DPR) is 68.18%.
Ford Motor Profile
(
Free Report)
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.
Read More
Before you consider Ford Motor, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ford Motor wasn't on the list.
While Ford Motor currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
