Versor Investments LP trimmed its holdings in Ford Motor (NYSE:F - Free Report) by 85.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,800 shares of the auto manufacturer's stock after selling 70,400 shares during the quarter. Versor Investments LP's holdings in Ford Motor were worth $125,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. lifted its holdings in shares of Ford Motor by 14,373.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 8,885,389 shares of the auto manufacturer's stock valued at $93,830,000 after purchasing an additional 8,824,000 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Ford Motor by 27.4% during the second quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer's stock worth $453,732,000 after buying an additional 7,793,944 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Ford Motor by 456.9% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,000,000 shares of the auto manufacturer's stock valued at $50,160,000 after buying an additional 3,281,800 shares during the last quarter. AQR Capital Management LLC lifted its stake in Ford Motor by 103.6% in the second quarter. AQR Capital Management LLC now owns 4,908,726 shares of the auto manufacturer's stock valued at $60,844,000 after buying an additional 2,497,695 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in shares of Ford Motor by 1,215.6% in the third quarter. International Assets Investment Management LLC now owns 2,693,585 shares of the auto manufacturer's stock valued at $28,444,000 after acquiring an additional 2,488,850 shares during the period. 58.74% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
F has been the topic of a number of recent research reports. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $10.00 target price on shares of Ford Motor in a report on Tuesday, October 29th. StockNews.com raised shares of Ford Motor from a "sell" rating to a "hold" rating in a report on Friday, August 2nd. Sanford C. Bernstein downgraded shares of Ford Motor from an "outperform" rating to a "market perform" rating and set a $11.00 target price for the company. in a research note on Thursday, November 7th. Evercore ISI raised Ford Motor to a "hold" rating in a research note on Friday, July 26th. Finally, Wells Fargo & Company lowered their target price on Ford Motor from $10.00 to $9.00 and set an "underweight" rating on the stock in a research note on Tuesday, September 10th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Ford Motor has an average rating of "Hold" and an average target price of $12.02.
View Our Latest Stock Report on F
Ford Motor Price Performance
Shares of NYSE F traded up $0.21 during trading on Monday, hitting $11.23. 47,727,376 shares of the company were exchanged, compared to its average volume of 53,893,098. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98. Ford Motor has a 1 year low of $9.49 and a 1 year high of $14.85. The firm's fifty day moving average price is $10.79 and its 200 day moving average price is $11.50. The company has a market cap of $44.61 billion, a price-to-earnings ratio of 12.67, a PEG ratio of 2.00 and a beta of 1.62.
Ford Motor (NYSE:F - Get Free Report) last posted its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The company had revenue of $46.20 billion for the quarter, compared to the consensus estimate of $45.13 billion. During the same period in the previous year, the business earned $0.39 earnings per share. Ford Motor's quarterly revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts expect that Ford Motor will post 1.82 earnings per share for the current fiscal year.
Ford Motor Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.35%. The ex-dividend date is Thursday, November 7th. Ford Motor's dividend payout ratio (DPR) is presently 68.18%.
About Ford Motor
(
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.
Featured Articles
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 "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.