Bridgewater Associates LP Sells 1,154,328 Shares of Ford Motor (NYSE:F)

Bridgewater Associates LP reduced its holdings in Ford Motor (NYSE:F) by 96.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,032 shares of the auto manufacturer’s stock after selling 1,154,328 shares during the period. Bridgewater Associates LP’s holdings in Ford Motor were worth $416,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted 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 bought a new position in Ford Motor during the fourth quarter worth about $387,282,000. Charles Schwab Investment Management Inc. boosted its holdings in Ford Motor by 5.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 129,106,379 shares of the auto manufacturer’s stock valued at $1,278,153,000 after purchasing an additional 6,497,321 shares in the last quarter. APG Asset Management N.V. bought a new stake in shares of Ford Motor in the 4th quarter valued at approximately $20,408,000. Finally, Geode Capital Management LLC lifted its position in shares of Ford Motor by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 84,078,284 shares of the auto manufacturer’s stock worth $830,662,000 after buying an additional 2,089,127 shares during the period. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on F. Barclays lowered their price target on Ford Motor from $10.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 15th. Wells Fargo & Company dropped their target price 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. Bank of America cut their price target on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a report on Thursday, February 6th. UBS Group decreased their price objective on shares of Ford Motor from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. Finally, Sanford C. Bernstein cut shares of Ford Motor from a “market perform” rating to an “underperform” rating and cut their target price for the company from $9.40 to $7.00 in a research note on Wednesday, April 9th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $10.30.

Ford Motor Stock Performance

Shares of NYSE:F opened at $9.63 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. Ford Motor has a 1-year low of $8.44 and a 1-year high of $14.85. The stock has a market capitalization of $38.16 billion, a P/E ratio of 6.59, a P/E/G ratio of 0.61 and a beta of 1.41. The business has a 50-day moving average price of $9.60 and a two-hundred day moving average price of $10.13.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, topping 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%. Equities analysts predict that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a $0.15 dividend. The ex-dividend date of this dividend 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 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.