Addison Advisors LLC Sells 3,494 Shares of Ford Motor (NYSE:F)

Addison Advisors LLC lessened its stake in shares of Ford Motor (NYSE:F) by 30.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 7,800 shares of the auto manufacturer’s stock after selling 3,494 shares during the period. Addison Advisors LLC’s holdings in Ford Motor were worth $77,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in Ford Motor by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 122,609,058 shares of the auto manufacturer’s stock valued at $1,294,752,000 after acquiring an additional 5,270,562 shares in the last quarter. Geode Capital Management LLC lifted 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Ford Motor by 2.7% in 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 valued at $257,108,000 after acquiring an additional 636,330 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in Ford Motor by 112.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 11,976,950 shares of the auto manufacturer’s stock valued at $126,477,000 after acquiring an additional 6,348,185 shares in the last quarter. Finally, Swiss National Bank lifted its position in Ford Motor by 0.7% in the 3rd quarter. Swiss National Bank now owns 11,639,886 shares of the auto manufacturer’s stock valued at $122,917,000 after acquiring an additional 84,600 shares in the last quarter. Institutional investors own 58.74% of the company’s stock.

Analysts Set New Price Targets

F has been the subject of several analyst reports. Wells Fargo & Company decreased their price objective on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Thursday, February 6th. Bank of America decreased their price objective on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a research note on Thursday, February 6th. Jefferies Financial Group lowered shares of 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 note on Monday, December 16th. JPMorgan Chase & Co. decreased their price objective on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. Finally, Sanford C. Bernstein lowered shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective for the company. in a research note on Thursday, November 7th. Three investment 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $11.89.

Ford Motor Stock Up 0.7 %

Ford Motor stock opened at $9.42 on Wednesday. Ford Motor has a 1-year low of $9.10 and a 1-year high of $14.85. The firm has a market capitalization of $37.32 billion, a price-to-earnings ratio of 6.45, a P/E/G ratio of 0.61 and a beta of 1.63. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The firm has a 50 day simple moving average of $9.79 and a 200 day simple moving average of $10.43.

Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. On average, analysts predict that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 6.37%. Ford Motor’s dividend payout ratio is 41.10%.

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.