Renaissance Technologies LLC reduced its stake in Ford Motor (NYSE:F - Free Report) by 40.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,424,709 shares of the auto manufacturer's stock after selling 4,443,400 shares during the period. Renaissance Technologies LLC owned approximately 0.16% of Ford Motor worth $63,605,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. Hager Investment Management Services LLC bought a new stake in Ford Motor in the fourth quarter worth $26,000. Bank of Jackson Hole Trust bought a new stake in shares of Ford Motor in the 4th quarter worth about $29,000. Flagship Wealth Advisors LLC purchased a new position in Ford Motor in the fourth quarter worth about $30,000. Kentucky Trust Co purchased a new stake in Ford Motor during the fourth quarter valued at approximately $31,000. Finally, Crewe Advisors LLC lifted its stake in shares of Ford Motor by 169.9% in the 4th quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer's stock valued at $33,000 after purchasing an additional 2,068 shares during the last quarter. Hedge funds and other institutional investors own 58.74% of the company's stock.
Ford Motor Stock Down 0.5 %
Shares of F traded down $0.05 during trading hours on Monday, hitting $9.28. The company had a trading volume of 44,544,913 shares, compared to its average volume of 110,180,234. Ford Motor has a one year low of $8.44 and a one year high of $14.85. The company's fifty day moving average price is $9.58 and its two-hundred day moving average price is $10.17. The company has a market capitalization of $36.78 billion, a PE ratio of 6.36, a price-to-earnings-growth ratio of 0.61 and a beta of 1.41. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31.
Ford Motor (NYSE:F - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, beating the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. As a group, equities analysts forecast that Ford Motor will post 1.47 earnings per share for the current fiscal year.
Ford Motor Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 6.47%. The ex-dividend date of this dividend was Tuesday, February 18th. Ford Motor's dividend payout ratio is currently 41.10%.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the company. Royal Bank of Canada decreased their price target on Ford Motor from $10.00 to $9.00 and set a "sector perform" rating on the stock in a report on Thursday, February 6th. Wells Fargo & Company dropped their price target on shares of Ford Motor from $9.00 to $8.00 and set an "underweight" rating for the company in a research note on Thursday, February 6th. Bank of America decreased their price objective on shares of Ford Motor from $19.00 to $15.50 and set a "buy" rating for the company in a research note on Thursday, February 6th. Sanford C. Bernstein cut Ford Motor from a "market perform" rating to an "underperform" rating and cut their target price for the company from $9.40 to $7.00 in a research note on Wednesday, April 9th. Finally, JPMorgan Chase & Co. decreased their price target on Ford Motor from $13.00 to $11.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Ford Motor currently has a consensus rating of "Hold" and a consensus target price of $10.50.
Get Our Latest Analysis on F
Ford Motor 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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