Ford Motor (NYSE:F) Shares Sold by DnB Asset Management AS

DnB Asset Management AS decreased its position in Ford Motor (NYSE:F) by 60.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 665,083 shares of the auto manufacturer’s stock after selling 1,025,664 shares during the period. DnB Asset Management AS’s holdings in Ford Motor were worth $6,584,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Albion Financial Group UT increased its holdings in Ford Motor by 38.5% during the 4th quarter. Albion Financial Group UT now owns 3,600 shares of the auto manufacturer’s stock valued at $36,000 after acquiring an additional 1,000 shares in the last quarter. Brighton Jones LLC lifted its stake in Ford Motor by 5.4% in the 4th quarter. Brighton Jones LLC now owns 19,693 shares of the auto manufacturer’s stock valued at $195,000 after buying an additional 1,001 shares in the last quarter. Angeles Wealth Management LLC grew its holdings in Ford Motor by 1.3% during the 4th quarter. Angeles Wealth Management LLC now owns 80,728 shares of the auto manufacturer’s stock valued at $799,000 after buying an additional 1,024 shares during the last quarter. Atlas Brown Inc. increased its position in Ford Motor by 1.7% during the fourth quarter. Atlas Brown Inc. now owns 63,323 shares of the auto manufacturer’s stock worth $627,000 after buying an additional 1,047 shares in the last quarter. Finally, Cornerstone Wealth Group LLC increased its position in Ford Motor by 10.6% during the fourth quarter. Cornerstone Wealth Group LLC now owns 11,429 shares of the auto manufacturer’s stock worth $113,000 after buying an additional 1,098 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Performance

Shares of F stock opened at $9.73 on Monday. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The company has a market cap of $38.54 billion, a PE ratio of 6.66, a P/E/G ratio of 0.61 and a beta of 1.59. The company’s fifty day simple moving average is $9.75 and its 200-day simple moving average is $10.28. Ford Motor has a 52 week low of $9.06 and a 52 week high of $14.85.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 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%. As a group, equities research analysts anticipate that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 6.17%. The ex-dividend date was Tuesday, February 18th. Ford Motor’s dividend payout ratio (DPR) is 41.10%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Royal Bank of Canada cut their target price on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating for the company in a research note on Thursday, February 6th. BNP Paribas upgraded shares of Ford Motor to a “hold” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. reduced their price target on Ford Motor from $13.00 to $11.00 and set an “overweight” rating on the stock in a research note on Thursday. Jefferies Financial Group downgraded Ford Motor from a “hold” rating to an “underperform” rating and lowered their price objective for the company from $12.00 to $9.00 in a research report on Monday, December 16th. Finally, Barclays downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $11.37.

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.