Edgestream Partners L.P. Has $1.21 Million Stake in Ford Motor (NYSE:F)

Edgestream Partners L.P. cut its position in shares of Ford Motor (NYSE:F - Free Report) by 43.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 122,000 shares of the auto manufacturer's stock after selling 92,060 shares during the quarter. Edgestream Partners L.P.'s holdings in Ford Motor were worth $1,208,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Destination Wealth Management bought a new position in Ford Motor during the fourth quarter worth $151,000. E Fund Management Co. Ltd. bought a new stake in Ford Motor in the fourth quarter valued at $101,000. First Business Financial Services Inc. lifted its stake in Ford Motor by 43.2% in the fourth quarter. First Business Financial Services Inc. now owns 18,193 shares of the auto manufacturer's stock valued at $180,000 after buying an additional 5,484 shares during the last quarter. Verdence Capital Advisors LLC lifted its stake in Ford Motor by 15.0% in the fourth quarter. Verdence Capital Advisors LLC now owns 42,773 shares of the auto manufacturer's stock valued at $423,000 after buying an additional 5,576 shares during the last quarter. Finally, Aigen Investment Management LP bought a new stake in Ford Motor in the fourth quarter valued at $1,928,000. 58.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on F shares. Barclays lowered Ford Motor from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $13.00 to $11.00 in a report on Wednesday, January 22nd. Jefferies Financial Group lowered Ford Motor from a "hold" rating to an "underperform" rating and lowered their price target for the company from $12.00 to $9.00 in a report on Monday, December 16th. Wells Fargo & Company lowered their price target on Ford Motor from $9.00 to $8.00 and set an "underweight" rating on the stock in a report on Thursday, February 6th. Royal Bank of Canada lowered their price target on Ford Motor from $10.00 to $9.00 and set a "sector perform" rating on the stock in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. lowered their price target on Ford Motor from $14.00 to $13.00 and set an "overweight" rating on the stock in a report on Friday, February 7th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Ford Motor has an average rating of "Hold" and a consensus price target of $11.77.

Remove Ads

Ford Motor Trading Down 2.6 %

Shares of NYSE:F traded down $0.26 during midday trading on Tuesday, reaching $9.71. The company had a trading volume of 209,983,922 shares, compared to its average volume of 90,252,672. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. Ford Motor has a 1-year low of $9.06 and a 1-year high of $14.85. The firm has a market cap of $38.47 billion, a price-to-earnings ratio of 6.65, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59. The company has a fifty day simple moving average of $9.72 and a two-hundred day simple moving average of $10.37.

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

Ford Motor Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date was Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a yield of 6.18%. Ford Motor's payout ratio is presently 41.10%.

About Ford Motor

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.