Sigma Planning Corp Decreases Stake in Ford Motor (NYSE:F)

Sigma Planning Corp reduced its position in Ford Motor (NYSE:F) by 19.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 368,084 shares of the auto manufacturer’s stock after selling 89,222 shares during the period. Sigma Planning Corp’s holdings in Ford Motor were worth $3,644,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in F. International Assets Investment Management LLC lifted its position in shares of Ford Motor by 1,215.6% in the third quarter. International Assets Investment Management LLC now owns 2,693,585 shares of the auto manufacturer’s stock worth $28,444,000 after buying an additional 2,488,850 shares in the last quarter. Legacy Wealth Asset Management LLC raised its position in Ford Motor by 3.1% during the third quarter. Legacy Wealth Asset Management LLC now owns 51,306 shares of the auto manufacturer’s stock valued at $542,000 after purchasing an additional 1,544 shares during the period. Lincoln Capital Corp raised its position in Ford Motor by 18.3% during the third quarter. Lincoln Capital Corp now owns 31,025 shares of the auto manufacturer’s stock valued at $328,000 after purchasing an additional 4,800 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in Ford Motor by 9.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,994,819 shares of the auto manufacturer’s stock valued at $32,284,000 after purchasing an additional 266,256 shares during the period. Finally, Forsta AP Fonden raised its position in Ford Motor by 13.6% during the third quarter. Forsta AP Fonden now owns 917,700 shares of the auto manufacturer’s stock valued at $9,691,000 after purchasing an additional 109,700 shares during the period. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. decreased their price objective on Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Evercore ISI decreased their price objective on Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a research report on Monday, February 10th. Wells Fargo & Company decreased their price objective on Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Thursday, February 6th. Bank of America decreased their price objective on Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Finally, Jefferies Financial Group downgraded Ford Motor from a “hold” rating to an “underperform” rating and decreased their price objective for the company from $12.00 to $9.00 in a research report on Monday, December 16th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $11.89.

Ford Motor Stock Down 1.1 %

Shares of NYSE:F opened at $9.29 on Friday. Ford Motor has a 52-week low of $9.10 and a 52-week high of $14.85. The stock has a market cap of $36.80 billion, a P/E ratio of 6.36, a price-to-earnings-growth ratio of 0.61 and a beta of 1.63. The business’s 50 day moving average is $9.81 and its 200 day moving average is $10.44. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31.

Ford Motor (NYSE:F) last announced its quarterly earnings data 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 return on equity of 16.88% and a net margin of 3.18%. Sell-side analysts predict that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be paid a $0.15 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.60 annualized dividend and a yield of 6.46%. Ford Motor’s dividend payout ratio (DPR) is currently 41.10%.

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.