Ford Motor (NYSE:F) Stock Holdings Lessened by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. cut its holdings in Ford Motor (NYSE:F) by 2.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 47,609 shares of the auto manufacturer’s stock after selling 1,348 shares during the period. Legacy Financial Advisors Inc.’s holdings in Ford Motor were worth $471,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of F. Vanguard Group Inc. boosted its position in shares of Ford Motor by 16.6% during the fourth quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer’s stock worth $3,980,630,000 after buying an additional 57,182,803 shares during the period. Norges Bank acquired a new position in Ford Motor during the 4th quarter worth $387,282,000. Charles Schwab Investment Management Inc. boosted its position in Ford Motor by 5.3% during 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 acquiring an additional 6,497,321 shares during the period. APG Asset Management N.V. bought a new position in shares of Ford Motor in the fourth quarter worth $20,408,000. Finally, Geode Capital Management LLC increased its holdings in shares of Ford Motor by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 84,078,284 shares of the auto manufacturer’s stock valued at $830,662,000 after purchasing an additional 2,089,127 shares during the period. Institutional investors own 58.74% of the company’s stock.

Wall Street Analyst Weigh In

F has been the subject of several research analyst reports. BNP Paribas raised shares of Ford Motor to a “hold” rating in a report on Monday, February 10th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $9.00 price objective (down from $11.00) on shares of Ford Motor in a report on Thursday. JPMorgan Chase & Co. cut their target price on Ford Motor from $13.00 to $11.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. StockNews.com cut Ford Motor from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Barclays lowered Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $13.00 to $11.00 in a report on Wednesday, January 22nd. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. According to MarketBeat, Ford Motor presently has an average rating of “Hold” and an average target price of $10.50.

Ford Motor Price Performance

Shares of NYSE:F opened at $9.13 on Friday. The company’s fifty day moving average is $9.60 and its two-hundred day moving average is $10.18. The company has a market cap of $36.18 billion, a P/E ratio of 6.25, a price-to-earnings-growth ratio of 0.61 and a beta of 1.41. Ford Motor has a 12-month low of $8.44 and a 12-month high of $14.85. 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%. Equities analysts expect that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 6.57%. The ex-dividend date of this dividend was Tuesday, February 18th. Ford Motor’s payout ratio is presently 41.10%.

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.