Somerset Group LLC Cuts Stake in Ford Motor (NYSE:F)

Somerset Group LLC lowered its position in shares of Ford Motor (NYSE:F - Free Report) by 27.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 95,859 shares of the auto manufacturer's stock after selling 35,650 shares during the period. Somerset Group LLC's holdings in Ford Motor were worth $949,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Hager Investment Management Services LLC purchased a new position in Ford Motor in the 4th quarter worth $26,000. Bank of Jackson Hole Trust bought a new position in shares of Ford Motor during the fourth quarter valued at about $29,000. Flagship Wealth Advisors LLC purchased a new position in shares of Ford Motor in the fourth quarter worth about $30,000. Kentucky Trust Co bought a new stake in shares of Ford Motor in the 4th quarter valued at about $31,000. Finally, Crewe Advisors LLC boosted its holdings in Ford Motor by 169.9% during the 4th quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer's stock valued at $33,000 after acquiring an additional 2,068 shares during the period. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Stock Up 0.3 %

F traded up $0.03 during trading on Wednesday, reaching $10.32. The stock had a trading volume of 138,546,983 shares, compared to its average volume of 62,699,218. Ford Motor has a one year low of $9.06 and a one year high of $14.85. The company has a market capitalization of $40.89 billion, a price-to-earnings ratio of 7.07, a P/E/G ratio of 0.61 and a beta of 1.59. 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's 50 day moving average is $9.76 and its two-hundred day moving average is $10.29.

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Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, topping 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, analysts expect that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.60 annualized dividend and a dividend yield of 5.82%. Ford Motor's payout ratio is 41.10%.

Analyst Ratings Changes

Several analysts have weighed in on F shares. TD Cowen began coverage on Ford Motor in a research report on Friday, March 7th. They issued a "hold" rating and a $10.00 price objective for the company. BNP Paribas upgraded shares of Ford Motor to a "hold" rating in a report on Monday, February 10th. Bank of America cut their price target on shares of Ford Motor from $19.00 to $15.50 and set a "buy" rating on the stock in a report on Thursday, February 6th. Jefferies Financial Group downgraded shares of Ford Motor from a "hold" rating to an "underperform" rating and lowered their price objective for the company from $12.00 to $9.00 in a research note on Monday, December 16th. Finally, JPMorgan Chase & Co. cut their target price on Ford Motor from $14.00 to $13.00 and set an "overweight" rating on the stock in a research note on Friday, February 7th. 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. Based on data from MarketBeat.com, Ford Motor currently has an average rating of "Hold" and a consensus target price of $11.50.

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.