Mount Lucas Management LP Sells 113,135 Shares of Ford Motor (NYSE:F)

Mount Lucas Management LP lowered its holdings in Ford Motor (NYSE:F - Free Report) by 59.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 76,951 shares of the auto manufacturer's stock after selling 113,135 shares during the quarter. Mount Lucas Management LP's holdings in Ford Motor were worth $813,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of F. Dimensional Fund Advisors LP increased its holdings in shares of 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 in the last quarter. Legal & General Group Plc increased its holdings in Ford Motor by 1.0% during the 2nd quarter. Legal & General Group Plc now owns 31,823,353 shares of the auto manufacturer's stock valued at $399,066,000 after purchasing an additional 318,715 shares in the last quarter. LSV Asset Management raised its position in Ford Motor by 1.6% in the 2nd quarter. LSV Asset Management now owns 20,115,487 shares of the auto manufacturer's stock valued at $252,248,000 after purchasing an additional 312,496 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in Ford Motor by 11.0% in the first quarter. Jacobs Levy Equity Management Inc. now owns 12,290,204 shares of the auto manufacturer's stock worth $163,214,000 after purchasing an additional 1,214,640 shares in the last quarter. Finally, National Pension Service grew its holdings in shares of Ford Motor by 19.7% during the third quarter. National Pension Service now owns 10,115,052 shares of the auto manufacturer's stock worth $106,815,000 after purchasing an additional 1,663,460 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wells Fargo & Company cut their price target 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. StockNews.com upgraded shares of Ford Motor from a "sell" rating to a "hold" rating in a research report on Friday, August 2nd. Wolfe Research began coverage on shares of Ford Motor in a report on Thursday, September 5th. They set a "peer perform" rating for the company. Morgan Stanley downgraded Ford Motor from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $16.00 to $12.00 in a report on Wednesday, September 25th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Ford Motor from $11.00 to $10.00 and set a "hold" rating on the stock in a report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $12.02.

Ford Motor Stock Down 0.5 %

Shares of NYSE F traded down $0.06 during trading hours on Friday, hitting $11.01. The company had a trading volume of 58,895,435 shares, compared to its average volume of 58,913,144. Ford Motor has a 1-year low of $9.49 and a 1-year high of $14.85. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34. The firm's 50 day moving average is $10.79 and its 200-day moving average is $11.50. The stock has a market capitalization of $43.76 billion, a P/E ratio of 12.51, a price-to-earnings-growth ratio of 2.00 and a beta of 1.62.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. The business had revenue of $46.20 billion during the quarter, compared to analysts' expectations 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 in the previous year, the company posted $0.39 earnings per share. On average, analysts expect that Ford Motor will post 1.82 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.45%. Ford Motor's dividend payout ratio (DPR) is currently 68.18%.

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.