International Assets Investment Management LLC Sells 2,450,726 Shares of Ford Motor (NYSE:F)

International Assets Investment Management LLC reduced its holdings in Ford Motor (NYSE:F) by 91.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 242,859 shares of the auto manufacturer’s stock after selling 2,450,726 shares during the period. International Assets Investment Management LLC’s holdings in Ford Motor were worth $2,344,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Meridian Financial Partners LLC raised its stake in shares of Ford Motor by 1.1% during the 3rd quarter. Meridian Financial Partners LLC now owns 85,471 shares of the auto manufacturer’s stock worth $903,000 after purchasing an additional 953 shares in the last quarter. Apollon Wealth Management LLC lifted its stake in Ford Motor by 1.1% in the third quarter. Apollon Wealth Management LLC now owns 92,950 shares of the auto manufacturer’s stock valued at $982,000 after acquiring an additional 969 shares during the last quarter. Beaird Harris Wealth Management LLC grew its position in shares of Ford Motor by 3.0% in the 2nd quarter. Beaird Harris Wealth Management LLC now owns 33,534 shares of the auto manufacturer’s stock valued at $421,000 after acquiring an additional 982 shares during the period. Pure Financial Advisors LLC increased its stake in shares of Ford Motor by 6.6% during the 3rd quarter. Pure Financial Advisors LLC now owns 16,096 shares of the auto manufacturer’s stock worth $170,000 after purchasing an additional 990 shares during the last quarter. Finally, PBMares Wealth Management LLC lifted its stake in Ford Motor by 9.0% in the 3rd quarter. PBMares Wealth Management LLC now owns 11,976 shares of the auto manufacturer’s stock valued at $126,000 after purchasing an additional 991 shares during the last quarter. 58.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on F. The Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $12.00 to $13.00 in a research report on Tuesday, October 1st. Sanford C. Bernstein lowered shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target on the stock. in a research note on Thursday, November 7th. Royal Bank of Canada restated a “sector perform” rating and set a $10.00 price objective on shares of Ford Motor in a research report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft decreased their target price on Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Wednesday, October 30th. Finally, Wolfe Research reissued an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, Ford Motor currently has an average rating of “Hold” and an average price target of $11.83.

Ford Motor Stock Down 1.0 %

NYSE F traded down $0.10 on Wednesday, hitting $9.66. 12,551,092 shares of the company were exchanged, compared to its average volume of 55,473,895. Ford Motor has a 12 month low of $9.49 and a 12 month high of $14.85. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. The company has a market cap of $38.39 billion, a PE ratio of 10.98, a PEG ratio of 1.89 and a beta of 1.62. The stock has a fifty day moving average of $10.51 and a 200-day moving average of $11.06.

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

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 7th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 6.21%. The ex-dividend date was Thursday, November 7th. Ford Motor’s payout ratio is currently 68.18%.

Ford Motor 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.