Cedar Brook Financial Partners LLC cut its stake in Ford Motor (NYSE:F) by 13.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,443 shares of the auto manufacturer’s stock after selling 3,120 shares during the period. Cedar Brook Financial Partners LLC’s holdings in Ford Motor were worth $190,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Voya Investment Management LLC lifted its position in Ford Motor by 8.3% during the third quarter. Voya Investment Management LLC now owns 2,459,509 shares of the auto manufacturer’s stock valued at $22,529,000 after buying an additional 189,501 shares in the last quarter. Cornerstone Investment Partners LLC lifted its position in Ford Motor by 18.9% during the fourth quarter. Cornerstone Investment Partners LLC now owns 238,815 shares of the auto manufacturer’s stock valued at $2,221,000 after buying an additional 38,000 shares in the last quarter. Empirical Finance LLC acquired a new position in Ford Motor during the fourth quarter valued at approximately $135,000. Sumitomo Life Insurance Co. lifted its position in Ford Motor by 6.7% during the fourth quarter. Sumitomo Life Insurance Co. now owns 126,554 shares of the auto manufacturer’s stock valued at $1,177,000 after buying an additional 8,000 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in Ford Motor by 1.5% during the fourth quarter. Arizona State Retirement System now owns 1,082,897 shares of the auto manufacturer’s stock valued at $10,071,000 after buying an additional 15,726 shares in the last quarter. 53.49% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have weighed in on F shares. ValuEngine raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Wolfe Research raised shares of Ford Motor from a “peer perform” rating to an “outperform” rating and set a $12.00 price target on the stock in a research report on Tuesday, January 7th. Deutsche Bank reduced their price target on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Wednesday, February 5th. DZ Bank cut shares of Ford Motor from a “buy” rating to a “sell” rating and set a $7.25 price target on the stock. in a research report on Friday, February 7th. Finally, Benchmark started coverage on shares of Ford Motor in a research report on Thursday, January 9th. They set a “hold” rating on the stock. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $10.12.
F opened at $8.25 on Friday. The firm has a market capitalization of $32.71 billion, a P/E ratio of 412.71, a P/E/G ratio of 1.06 and a beta of 1.09. The firm’s 50 day moving average is $8.98 and its 200-day moving average is $9.06. Ford Motor has a 52-week low of $8.02 and a 52-week high of $10.56. The company has a quick ratio of 1.05, a current ratio of 1.16 and a debt-to-equity ratio of 3.05.
Ford Motor (NYSE:F) last posted its quarterly earnings data on Tuesday, February 4th. The auto manufacturer reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.05). The firm had revenue of $39.70 billion for the quarter, compared to analysts’ expectations of $36.55 billion. Ford Motor had a net margin of 0.03% and a return on equity of 13.84%. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.30 EPS. Equities analysts expect that Ford Motor will post 1.04 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, January 30th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.27%. Ford Motor’s dividend payout ratio (DPR) is presently 50.42%.
In related news, Director John C. Lechleiter purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was acquired at an average price of $8.24 per share, for a total transaction of $82,400.00. Also, CEO James P. Hackett sold 20,000 shares of Ford Motor stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $9.29, for a total transaction of $185,800.00. Following the completion of the sale, the chief executive officer now owns 145,184 shares of the company’s stock, valued at approximately $1,348,759.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 60,000 shares of company stock valued at $541,400. Insiders own 0.83% of the company’s stock.
Ford Motor Company Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.
See Also: How does a security become overbought?
Want to see what other hedge funds are holding F? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ford Motor (NYSE:F).
Receive News & Ratings for Ford Motor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ford Motor and related companies with MarketBeat.com's FREE daily email newsletter.