Ford Motor (NYSE:F) Shares Sold by Hodges Capital Management Inc.

Hodges Capital Management Inc. lowered its position in Ford Motor (NYSE:F - Free Report) by 61.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,000 shares of the auto manufacturer's stock after selling 48,000 shares during the quarter. Hodges Capital Management Inc.'s holdings in Ford Motor were worth $317,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. lifted its holdings in Ford Motor by 14,373.9% during the third quarter. Assenagon Asset Management S.A. now owns 8,885,389 shares of the auto manufacturer's stock worth $93,830,000 after buying an additional 8,824,000 shares during the period. Dimensional Fund Advisors LP lifted its holdings 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. Jacobs Levy Equity Management Inc. lifted its holdings in Ford Motor by 112.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 11,976,950 shares of the auto manufacturer's stock worth $126,477,000 after buying an additional 6,348,185 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Ford Motor by 4.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 122,609,058 shares of the auto manufacturer's stock worth $1,294,752,000 after buying an additional 5,270,562 shares during the period. Finally, Worldquant Millennium Advisors LLC purchased a new stake in shares of Ford Motor during the 3rd quarter valued at $55,456,000. Institutional investors own 58.74% of the company's stock.

Ford Motor Stock Performance

F traded up $0.11 during midday trading on Monday, hitting $10.62. 53,128,596 shares of the company were exchanged, compared to its average volume of 53,935,016. The company's 50 day simple moving average is $10.86 and its 200 day simple moving average is $11.35. The firm has a market capitalization of $42.21 billion, a price-to-earnings ratio of 12.07, a price-to-earnings-growth ratio of 1.91 and a beta of 1.62. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. Ford Motor has a 1-year low of $9.49 and a 1-year high of $14.85.

Ford Motor (NYSE:F - Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. The company had revenue of $46.20 billion for the quarter, compared to the consensus estimate of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The firm's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm earned $0.39 EPS. As a group, sell-side analysts predict that Ford Motor will post 1.81 earnings per share for the current year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.65%. The ex-dividend date was Thursday, November 7th. Ford Motor's dividend payout ratio is currently 68.18%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on F. Wells Fargo & Company decreased their price objective on Ford Motor from $10.00 to $9.00 and set an "underweight" rating for the company in a report on Tuesday, September 10th. Sanford C. Bernstein lowered Ford Motor from an "outperform" rating to a "market perform" rating and set a $11.00 price objective for the company. in a report on Thursday, November 7th. Morgan Stanley lowered Ford Motor from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $16.00 to $12.00 in a report on Wednesday, September 25th. Wolfe Research reiterated an "underperform" rating on shares of Ford Motor in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Ford Motor from $11.00 to $10.00 and set a "hold" rating for the company in a research note on Wednesday, October 30th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $12.08.

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.