Ford Motor (NYSE:F) Shares Sold by Smith Anglin Financial LLC

Smith Anglin Financial LLC cut its holdings in shares of Ford Motor (NYSE:F) by 14.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,159 shares of the auto manufacturer’s stock after selling 3,692 shares during the quarter. Smith Anglin Financial LLC’s holdings in Ford Motor were worth $209,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of F. Charles Schwab Investment Management Inc. boosted its position in shares of 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. Geode Capital Management LLC grew its position in Ford Motor by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 81,989,157 shares of the auto manufacturer’s stock valued at $863,009,000 after acquiring an additional 1,336,676 shares in the last quarter. Legal & General Group Plc increased its stake in Ford Motor by 1.0% during the second quarter. Legal & General Group Plc now owns 31,823,353 shares of the auto manufacturer’s stock worth $399,066,000 after purchasing an additional 318,715 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Ford Motor by 2.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,347,303 shares of the auto manufacturer’s stock worth $257,108,000 after buying an additional 636,330 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its stake in Ford Motor by 112.8% during the 3rd 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. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Stock Performance

Shares of F opened at $9.96 on Thursday. The company has a 50-day simple moving average of $10.44 and a 200-day simple moving average of $10.97. 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 company has a market capitalization of $39.58 billion, a PE ratio of 11.32, a P/E/G ratio of 1.89 and a beta of 1.64. Ford Motor has a 52-week low of $9.49 and a 52-week high of $14.85.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $46.20 billion during the quarter, compared to the consensus estimate of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.39 EPS. Equities research analysts predict that Ford Motor will post 1.81 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th were issued a $0.15 dividend. The ex-dividend date was Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.02%. Ford Motor’s dividend payout ratio is presently 68.18%.

Analysts Set New Price Targets

F has been the topic of several recent research reports. The Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and upped their target price for the stock from $12.00 to $13.00 in a research note on Tuesday, October 1st. Barclays lowered their price target on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Sanford C. Bernstein cut shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target for the company. in a report on Thursday, November 7th. Jefferies Financial Group cut shares of Ford Motor from a “hold” rating to an “underperform” rating and lowered their price target for the stock from $12.00 to $9.00 in a report on Monday, December 16th. Finally, Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $11.83.

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.