Ford Motor (NYSE:F) Stake Lowered by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S trimmed its position in shares of Ford Motor (NYSE:F) by 27.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 426,125 shares of the auto manufacturer’s stock after selling 157,795 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Ford Motor were worth $4,219,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Hager Investment Management Services LLC bought a new position in shares of Ford Motor during the 4th quarter valued at $26,000. Bank of Jackson Hole Trust bought a new position in Ford Motor during the fourth quarter valued at about $29,000. Flagship Wealth Advisors LLC acquired a new stake in shares of Ford Motor in the fourth quarter worth about $30,000. Kentucky Trust Co bought a new stake in shares of Ford Motor during the 4th quarter worth about $31,000. Finally, Crewe Advisors LLC increased its holdings in shares of Ford Motor by 169.9% during the 4th quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock valued at $33,000 after acquiring an additional 2,068 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Up 2.4 %

Shares of F opened at $9.63 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. The company has a 50-day moving average price of $9.60 and a two-hundred day moving average price of $10.13. The stock has a market cap of $38.16 billion, a price-to-earnings ratio of 6.59, a P/E/G 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.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 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 predict that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a $0.15 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.60 annualized dividend and a dividend yield of 6.23%. Ford Motor’s dividend payout ratio is presently 41.10%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Sanford C. Bernstein lowered Ford Motor from a “market perform” rating to an “underperform” rating and reduced their target price for the stock from $9.40 to $7.00 in a report on Wednesday, April 9th. 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 report on Thursday, February 6th. BNP Paribas raised shares of Ford Motor to a “hold” rating in a research report on Monday, February 10th. Royal Bank of Canada lowered their price target on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 6th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $9.00 price objective (down previously from $11.00) on shares of Ford Motor in a research report on Thursday, April 10th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $10.30.

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.