Nomura Asset Management Co. Ltd. lessened its stake in Ford Motor (NYSE:F - Free Report) by 88.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,284,186 shares of the auto manufacturer's stock after selling 9,992,910 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in Ford Motor were worth $12,713,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in F. Albion Financial Group UT lifted its stake in Ford Motor by 38.5% during the fourth quarter. Albion Financial Group UT now owns 3,600 shares of the auto manufacturer's stock worth $36,000 after purchasing an additional 1,000 shares during the period. Brighton Jones LLC grew its position in Ford Motor by 5.4% in the fourth quarter. Brighton Jones LLC now owns 19,693 shares of the auto manufacturer's stock valued at $195,000 after acquiring an additional 1,001 shares during the period. Angeles Wealth Management LLC lifted its holdings in shares of Ford Motor by 1.3% during the fourth quarter. Angeles Wealth Management LLC now owns 80,728 shares of the auto manufacturer's stock valued at $799,000 after acquiring an additional 1,024 shares during the period. Atlas Brown Inc. grew its holdings in shares of Ford Motor by 1.7% in the 4th quarter. Atlas Brown Inc. now owns 63,323 shares of the auto manufacturer's stock worth $627,000 after purchasing an additional 1,047 shares during the last quarter. Finally, Cornerstone Wealth Group LLC increased its position in shares of Ford Motor by 10.6% during the 4th quarter. Cornerstone Wealth Group LLC now owns 11,429 shares of the auto manufacturer's stock worth $113,000 after purchasing an additional 1,098 shares in the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on F shares. Wolfe Research reaffirmed an "underperform" rating on shares of Ford Motor in a research note on Thursday, December 5th. BNP Paribas raised Ford Motor to a "hold" rating in a report on Monday, February 10th. TD Cowen began coverage on Ford Motor in a report on Friday, March 7th. They set a "hold" rating and a $10.00 target price on the stock. Wells Fargo & Company cut their price target on Ford Motor from $9.00 to $8.00 and set an "underweight" rating for the company in a report on Thursday, February 6th. Finally, Royal Bank of Canada dropped their target price on shares of Ford Motor from $10.00 to $9.00 and set a "sector perform" rating for the company in a research note on Thursday, February 6th. Three equities 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's stock. According to MarketBeat.com, Ford Motor currently has an average rating of "Hold" and a consensus target price of $11.37.
Read Our Latest Research Report on F
Ford Motor Stock Down 4.4 %
Shares of NYSE F traded down $0.45 during midday trading on Thursday, reaching $9.70. The company's stock had a trading volume of 74,106,946 shares, compared to its average volume of 100,919,953. The stock has a 50 day simple moving average of $9.74 and a 200-day simple moving average of $10.27. Ford Motor has a fifty-two week low of $9.06 and a fifty-two week high of $14.85. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The stock has a market capitalization of $38.45 billion, a price-to-earnings ratio of 6.64, a PEG ratio of 0.61 and a beta of 1.59.
Ford Motor (NYSE:F - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. Equities research analysts predict that Ford Motor will post 1.47 earnings per share for the current year.
Ford Motor Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.19%. The ex-dividend date was Tuesday, February 18th. Ford Motor's dividend payout ratio (DPR) is presently 41.10%.
Ford Motor Company Profile
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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.
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