Asset Allocation & Management Company LLC Cuts Holdings in Ford Motor (NYSE:F)

Asset Allocation & Management Company LLC decreased its position in Ford Motor (NYSE:F) by 40.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 30,000 shares of the auto manufacturer’s stock after selling 20,000 shares during the period. Asset Allocation & Management Company LLC’s holdings in Ford Motor were worth $297,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in shares of Ford Motor during the second quarter worth about $27,000. Kimelman & Baird LLC acquired a new position in Ford Motor in the 2nd quarter valued at about $30,000. Reston Wealth Management LLC acquired a new position in Ford Motor in the 3rd quarter valued at about $33,000. Access Investment Management LLC acquired a new position in Ford Motor in the 3rd quarter valued at about $34,000. Finally, Modus Advisors LLC acquired a new position in Ford Motor in the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on F. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th. The Goldman Sachs Group upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $12.00 to $13.00 in a report on Tuesday, October 1st. Jefferies Financial Group downgraded shares of Ford Motor from a “hold” rating to an “underperform” rating and cut their target price for the stock from $12.00 to $9.00 in a research note on Monday, December 16th. Morgan Stanley downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $16.00 to $12.00 in a research note on Wednesday, September 25th. Finally, Sanford C. Bernstein downgraded shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price on the stock. in a research note on Thursday, November 7th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $11.83.

Ford Motor Stock Down 0.7 %

Shares of Ford Motor stock traded down $0.07 during trading hours on Monday, hitting $9.58. The company had a trading volume of 29,813,854 shares, compared to its average volume of 61,955,145. The company’s 50-day moving average is $10.47 and its two-hundred day moving average is $11.01. Ford Motor has a twelve month low of $9.49 and a twelve month high of $14.85. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98. The company has a market cap of $38.07 billion, a P/E ratio of 10.89, a price-to-earnings-growth ratio of 1.89 and a beta of 1.64.

Ford Motor (NYSE:F) last issued 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. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The business had revenue of $46.20 billion during the quarter, compared to analysts’ expectations of $45.13 billion. During the same quarter in the prior year, the business posted $0.39 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. Analysts anticipate that Ford Motor will post 1.81 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 7th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 6.26%. The ex-dividend date was Thursday, November 7th. Ford Motor’s dividend payout ratio is currently 68.18%.

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.