Edgestream Partners L.P. Sells 92,060 Shares of Ford Motor (NYSE:F)

Edgestream Partners L.P. decreased its position in shares of Ford Motor (NYSE:F) by 43.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 122,000 shares of the auto manufacturer’s stock after selling 92,060 shares during the period. Edgestream Partners L.P.’s holdings in Ford Motor were worth $1,208,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its position in shares of Ford Motor by 29.8% in the third quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer’s stock worth $15,998,000 after purchasing an additional 336,720 shares during the period. NCP Inc. increased its position in shares of Ford Motor by 62.0% in the fourth quarter. NCP Inc. now owns 74,520 shares of the auto manufacturer’s stock worth $738,000 after purchasing an additional 28,528 shares during the period. Principal Financial Group Inc. increased its position in shares of Ford Motor by 3.8% in the third quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer’s stock worth $46,408,000 after purchasing an additional 160,409 shares during the period. Worldquant Millennium Advisors LLC bought a new position in shares of Ford Motor in the third quarter worth $55,456,000. Finally, Alberta Investment Management Corp increased its position in shares of Ford Motor by 87.1% in the fourth quarter. Alberta Investment Management Corp now owns 196,100 shares of the auto manufacturer’s stock worth $1,941,000 after purchasing an additional 91,300 shares during the period. Institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Performance

Shares of F stock opened at $9.98 on Tuesday. The business’s 50-day moving average price is $9.72 and its 200-day moving average price is $10.37. Ford Motor has a 12 month low of $9.06 and a 12 month high of $14.85. The firm has a market capitalization of $39.54 billion, a price-to-earnings ratio of 6.83, a PEG ratio of 0.61 and a beta of 1.59. 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 (NYSE:F) last issued its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (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 forecast that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.02%. Ford Motor’s dividend payout ratio (DPR) is 41.10%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Barclays cut Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Jefferies Financial Group cut Ford Motor from a “hold” rating to an “underperform” rating and decreased their price target for the stock from $12.00 to $9.00 in a research report on Monday, December 16th. TD Cowen assumed coverage on Ford Motor in a research note on Friday. They issued a “hold” rating and a $10.00 price objective on the stock. Bank of America reduced their price objective on Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. reduced their price objective on Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $11.77.

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.