Ford Motor (NYSE:F) Stock Position Cut by Fisher Asset Management LLC

Fisher Asset Management LLC lessened its stake in Ford Motor (NYSE:F) by 99.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 444,984 shares of the auto manufacturer’s stock after selling 66,902,858 shares during the quarter. Fisher Asset Management LLC’s holdings in Ford Motor were worth $4,699,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Daiwa Securities Group Inc. grew its position in Ford Motor by 12.0% in the 3rd quarter. Daiwa Securities Group Inc. now owns 488,177 shares of the auto manufacturer’s stock valued at $5,156,000 after buying an additional 52,416 shares in the last quarter. Centaurus Financial Inc. lifted its holdings in Ford Motor by 19.1% in the 3rd quarter. Centaurus Financial Inc. now owns 65,670 shares of the auto manufacturer’s stock valued at $693,000 after acquiring an additional 10,523 shares during the last quarter. Larson Financial Group LLC lifted its holdings in Ford Motor by 177.7% in the 3rd quarter. Larson Financial Group LLC now owns 64,934 shares of the auto manufacturer’s stock valued at $686,000 after acquiring an additional 41,551 shares during the last quarter. Swedbank AB lifted its holdings in Ford Motor by 13.5% in the 3rd quarter. Swedbank AB now owns 942,663 shares of the auto manufacturer’s stock valued at $9,955,000 after acquiring an additional 112,066 shares during the last quarter. Finally, CMG Global Holdings LLC lifted its holdings in Ford Motor by 12.2% in the 3rd quarter. CMG Global Holdings LLC now owns 52,013 shares of the auto manufacturer’s stock valued at $549,000 after acquiring an additional 5,645 shares during the last quarter. Institutional investors own 58.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on F. Wolfe Research began coverage on shares of Ford Motor in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Wells Fargo & Company cut their price target on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Tuesday, September 10th. StockNews.com raised shares of Ford Motor from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. The Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and upped their price target for the company from $12.00 to $13.00 in a report on Tuesday, October 1st. Finally, Barclays cut 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. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Ford Motor presently has an average rating of “Hold” and an average price target of $12.02.

Ford Motor Stock Performance

F stock opened at $11.10 on Friday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. The stock has a market cap of $44.11 billion, a P/E ratio of 12.61, a P/E/G ratio of 2.08 and a beta of 1.62. The firm has a 50 day simple moving average of $10.85 and a 200 day simple moving average of $11.44. Ford Motor has a 52 week low of $9.49 and a 52 week high of $14.85.

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

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 7th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.41%. The ex-dividend date is Thursday, November 7th. Ford Motor’s dividend payout ratio is currently 68.18%.

Ford Motor Company Profile

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.