Ford Motor (NYSE:F) Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. reduced its stake in shares of Ford Motor (NYSE:F) by 88.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,284,186 shares of the auto manufacturer’s stock after selling 9,992,910 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Ford Motor were worth $12,713,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Ford Motor by 16.6% during the 4th quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer’s stock valued at $3,980,630,000 after acquiring an additional 57,182,803 shares in the last quarter. Norges Bank acquired a new stake in shares of Ford Motor during the fourth quarter worth $387,282,000. Charles Schwab Investment Management Inc. lifted its position in shares of Ford Motor by 5.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 129,106,379 shares of the auto manufacturer’s stock worth $1,278,153,000 after buying an additional 6,497,321 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of 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 buying an additional 6,348,185 shares during the period. Finally, Worldquant Millennium Advisors LLC bought a new stake in shares of Ford Motor during the 3rd quarter valued at about $55,456,000. Institutional investors own 58.74% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on F. Barclays cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $13.00 to $11.00 in a report on Wednesday, January 22nd. Royal Bank of Canada cut their price target on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a report on Thursday, February 6th. Bank of America lowered their price objective on Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a research note on Thursday, February 6th. Evercore ISI cut their target price on Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a research note on Monday, February 10th. Finally, Wells Fargo & Company lowered their price target on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating for the company in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Ford Motor currently has a consensus rating of “Hold” and a consensus target price of $11.37.

Ford Motor Price Performance

Shares of NYSE:F opened at $9.73 on Monday. The stock has a market cap of $38.54 billion, a price-to-earnings ratio of 6.66, a PEG ratio of 0.61 and a beta of 1.59. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02. Ford Motor has a 12 month low of $9.06 and a 12 month high of $14.85. The stock’s 50 day moving average price is $9.75 and its 200 day moving average price is $10.28.

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

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 6.17%. The ex-dividend date was Tuesday, February 18th. Ford Motor’s payout ratio is 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.