Summit X LLC Decreases Stock Position in Ford Motor (NYSE:F)

Summit X LLC decreased its stake in Ford Motor (NYSE:F - Free Report) by 57.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,546 shares of the auto manufacturer's stock after selling 43,275 shares during the period. Summit X LLC's holdings in Ford Motor were worth $312,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its position in shares of Ford Motor by 5.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 129,106,379 shares of the auto manufacturer's stock valued at $1,278,153,000 after purchasing an additional 6,497,321 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of Ford Motor by 112.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 11,976,950 shares of the auto manufacturer's stock valued at $126,477,000 after purchasing an additional 6,348,185 shares in the last quarter. Worldquant Millennium Advisors LLC bought a new stake in shares of Ford Motor during the 3rd quarter valued at about $55,456,000. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Ford Motor by 420.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,042,820 shares of the auto manufacturer's stock valued at $63,812,000 after purchasing an additional 4,881,105 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Ford Motor by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 81,989,157 shares of the auto manufacturer's stock valued at $863,009,000 after purchasing an additional 1,336,676 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company's stock.

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Ford Motor Stock Down 0.6 %

Shares of F stock traded down $0.05 during trading hours on Thursday, reaching $9.54. The company had a trading volume of 137,605,665 shares, compared to its average volume of 92,070,094. Ford Motor has a 12 month low of $9.06 and a 12 month high of $14.85. 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 business has a fifty day simple moving average of $9.71 and a 200-day simple moving average of $10.35. The company has a market cap of $37.80 billion, a price-to-earnings ratio of 6.53, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59.

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 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%. On average, research analysts expect that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors 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 dividend yield of 6.29%. The ex-dividend date of this dividend was Tuesday, February 18th. Ford Motor's payout ratio is 41.10%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. TD Cowen assumed coverage on Ford Motor in a research report on Friday, March 7th. They set a "hold" rating and a $10.00 target price on the stock. Barclays lowered Ford Motor from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Evercore ISI cut their target price on Ford Motor from $11.00 to $10.00 and set an "in-line" rating on the stock in a research report on Monday, February 10th. BNP Paribas upgraded Ford Motor to a "hold" rating in a report on Monday, February 10th. Finally, Wolfe Research reiterated an "underperform" rating on shares of Ford Motor in a report on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $11.77.

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.