Concurrent Investment Advisors LLC Sells 41,227 Shares of Ford Motor (NYSE:F)

Concurrent Investment Advisors LLC decreased its holdings in Ford Motor (NYSE:F) by 19.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 167,766 shares of the auto manufacturer’s stock after selling 41,227 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Ford Motor were worth $1,772,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of F. Dimensional Fund Advisors LP boosted its position in Ford Motor by 27.4% during the second quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock valued at $453,732,000 after purchasing an additional 7,793,944 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Ford Motor by 1.0% during the second quarter. Legal & General Group Plc now owns 31,823,353 shares of the auto manufacturer’s stock valued at $399,066,000 after buying an additional 318,715 shares during the last quarter. LSV Asset Management boosted its holdings in shares of Ford Motor by 1.6% in the 2nd quarter. LSV Asset Management now owns 20,115,487 shares of the auto manufacturer’s stock valued at $252,248,000 after buying an additional 312,496 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of Ford Motor by 11.0% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 12,290,204 shares of the auto manufacturer’s stock worth $163,214,000 after buying an additional 1,214,640 shares during the last quarter. Finally, National Pension Service raised its stake in shares of Ford Motor by 19.7% during the 3rd quarter. National Pension Service now owns 10,115,052 shares of the auto manufacturer’s stock worth $106,815,000 after acquiring an additional 1,663,460 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Trading Down 0.8 %

Shares of NYSE:F opened at $10.95 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. Ford Motor has a 12-month low of $9.49 and a 12-month high of $14.85. The business has a 50 day moving average of $10.77 and a two-hundred day moving average of $11.59. The company has a market capitalization of $43.53 billion, a PE ratio of 12.44, a PEG ratio of 1.88 and a beta of 1.62.

Ford Motor (NYSE:F) last posted its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. The firm had revenue of $46.20 billion during the quarter, compared to analysts’ expectations of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.39 EPS. As a group, analysts forecast that Ford Motor will post 1.82 EPS for the current year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 7th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.60 annualized dividend and a dividend yield of 5.48%. Ford Motor’s dividend payout ratio is presently 68.18%.

Wall Street Analysts Forecast Growth

F has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft decreased their price objective on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a report on Wednesday, October 30th. Evercore ISI raised Ford Motor to a “hold” rating in a report on Friday, July 26th. Sanford C. Bernstein downgraded shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective on the stock. in a report on Thursday. StockNews.com upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, Wolfe Research assumed coverage on shares of Ford Motor in a research note on Thursday, September 5th. They set a “peer perform” rating on the stock. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $12.02.

About Ford Motor

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.