Bridgewater Associates LP Sells 1,154,328 Shares of Ford Motor (NYSE:F)

Bridgewater Associates LP cut its position in Ford Motor (NYSE:F - Free Report) by 96.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 42,032 shares of the auto manufacturer's stock after selling 1,154,328 shares during the quarter. Bridgewater Associates LP's holdings in Ford Motor were worth $416,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. raised its stake in shares of Ford Motor by 29.8% during the third quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer's stock valued at $15,998,000 after purchasing an additional 336,720 shares in the last quarter. NCP Inc. lifted its stake in shares of Ford Motor by 62.0% in the 4th quarter. NCP Inc. now owns 74,520 shares of the auto manufacturer's stock worth $738,000 after acquiring an additional 28,528 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Ford Motor by 3.8% in the third quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer's stock valued at $46,408,000 after acquiring an additional 160,409 shares in the last quarter. Alberta Investment Management Corp increased its stake in shares of Ford Motor by 87.1% during the fourth quarter. Alberta Investment Management Corp now owns 196,100 shares of the auto manufacturer's stock valued at $1,941,000 after acquiring an additional 91,300 shares during the period. Finally, CHURCHILL MANAGEMENT Corp bought a new stake in Ford Motor during the fourth quarter worth approximately $10,853,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

F has been the topic of several research analyst reports. Bank of America lowered their price target on Ford Motor from $19.00 to $15.50 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Citigroup began coverage on shares of Ford Motor in a research report on Wednesday. They issued a "neutral" rating and a $10.00 price target on the stock. Royal Bank of Canada reduced their price objective on shares of Ford Motor from $10.00 to $9.00 and set a "sector perform" rating for the company in a research report on Thursday, February 6th. TD Cowen began coverage on shares of Ford Motor in a research note on Friday, March 7th. They set a "hold" rating and a $10.00 target price for the company. Finally, Sanford C. Bernstein cut Ford Motor from a "market perform" rating to an "underperform" rating and dropped their price target for the company from $9.40 to $7.00 in a report on Wednesday, April 9th. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $9.77.

Ford Motor Stock Up 2.3 %

NYSE:F traded up $0.22 during mid-day trading on Wednesday, reaching $9.87. The stock had a trading volume of 38,205,969 shares, compared to its average volume of 71,909,933. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02. The stock has a market cap of $39.12 billion, a P/E ratio of 6.76, a PEG ratio of 0.61 and a beta of 1.41. The business's 50 day moving average is $9.61 and its 200 day moving average is $10.12. Ford Motor has a fifty-two week low of $8.44 and a fifty-two week high of $14.85.

Ford Motor (NYSE:F - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. As a group, sell-side analysts predict that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 6.08%. The ex-dividend date of this dividend was Tuesday, February 18th. Ford Motor's dividend payout ratio is 41.10%.

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.