Ford Motor (NYSE:F) Shares Sold by Convergence Investment Partners LLC

Convergence Investment Partners LLC decreased its holdings in shares of Ford Motor (NYSE:F - Free Report) by 86.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,713 shares of the auto manufacturer's stock after selling 81,441 shares during the quarter. Convergence Investment Partners LLC's holdings in Ford Motor were worth $126,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Hager Investment Management Services LLC purchased a new stake in Ford Motor in the 4th quarter valued at about $26,000. Bank of Jackson Hole Trust bought a new stake in shares of Ford Motor during the fourth quarter valued at approximately $29,000. Reston Wealth Management LLC purchased a new stake in shares of Ford Motor in the third quarter valued at approximately $33,000. Kentucky Trust Co bought a new position in Ford Motor in the fourth quarter worth approximately $31,000. Finally, Access Investment Management LLC purchased a new position in Ford Motor during the 3rd quarter worth $34,000. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Stock Performance

Shares of NYSE:F traded down $0.13 on Friday, hitting $9.27. 41,576,234 shares of the company were exchanged, compared to its average volume of 74,444,258. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The stock's 50 day moving average price is $9.83 and its 200 day moving average price is $10.43. Ford Motor has a 1-year low of $9.10 and a 1-year high of $14.85. The firm has a market capitalization of $36.72 billion, a P/E ratio of 6.35, a price-to-earnings-growth ratio of 0.60 and a beta of 1.63.

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

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.48%. The ex-dividend date of this dividend is Tuesday, February 18th. Ford Motor's payout ratio is currently 41.10%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft lowered their target price on Ford Motor from $11.00 to $10.00 and set a "hold" rating for the company in a report on Wednesday, October 30th. Sanford C. Bernstein lowered shares of Ford Motor from an "outperform" rating to a "market perform" rating and set a $11.00 price objective for the company. in a research note on Thursday, November 7th. Wells Fargo & Company cut their target price on shares of Ford Motor from $9.00 to $8.00 and set an "underweight" rating on the stock in a research report on Thursday, February 6th. Evercore ISI reduced their price target on shares of Ford Motor from $11.00 to $10.00 and set an "in-line" rating for the company in a report on Monday, February 10th. Finally, Barclays downgraded shares of Ford Motor from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $13.00 to $11.00 in a research note on Wednesday, January 22nd. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $11.89.

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.