Cullinan Associates Inc. Lowers Stake in Ford Motor (NYSE:F)

Cullinan Associates Inc. trimmed its position in Ford Motor (NYSE:F) by 71.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,500 shares of the auto manufacturer’s stock after selling 29,000 shares during the period. Cullinan Associates Inc.’s holdings in Ford Motor were worth $153,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Algert Global LLC acquired a new position in Ford Motor during the third quarter worth about $190,000. Alpine Global Management LLC acquired a new position in Ford Motor during the third quarter worth $3,147,000. Teza Capital Management LLC purchased a new stake in Ford Motor during the third quarter worth $518,000. Schonfeld Strategic Advisors LLC acquired a new stake in Ford Motor in the third quarter valued at $611,000. Finally, AQR Capital Management LLC grew its holdings in Ford Motor by 30.2% in the third quarter. AQR Capital Management LLC now owns 1,968,598 shares of the auto manufacturer’s stock valued at $24,450,000 after purchasing an additional 456,858 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Price Performance

F traded up $0.02 during trading on Tuesday, reaching $12.78. The stock had a trading volume of 24,379,816 shares, compared to its average volume of 51,035,395. The company has a quick ratio of 0.99, a current ratio of 1.17 and a debt-to-equity ratio of 2.32. The stock has a 50 day moving average of $12.21 and a two-hundred day moving average of $12.24. Ford Motor has a 1-year low of $9.63 and a 1-year high of $15.42. The firm has a market capitalization of $51.02 billion, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 0.81 and a beta of 1.62.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. The business had revenue of $42.78 billion for the quarter, compared to analysts’ expectations of $42.93 billion. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.63 EPS. As a group, equities analysts anticipate that Ford Motor will post 2.02 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 8th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.69%. The ex-dividend date was Tuesday, May 7th. Ford Motor’s payout ratio is presently 61.86%.

Analysts Set New Price Targets

F has been the topic of a number of recent research reports. UBS Group upped their target price on Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Barclays lifted their price objective on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Royal Bank of Canada increased their target price on Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 25th. Sanford C. Bernstein initiated coverage on Ford Motor in a research note on Thursday, May 23rd. They set an “outperform” rating and a $16.00 price objective on the stock. Finally, Citigroup increased their target price on Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Ford Motor currently has a consensus rating of “Hold” and an average target price of $13.89.

Insider Buying and Selling

In other news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $12.09, for a total transaction of $982,119.06. Following the transaction, the director now owns 168,601 shares of the company’s stock, valued at approximately $2,038,386.09. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.40% of the stock is currently owned by corporate insiders.

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.