Tocqueville Asset Management L.P. Sells 3,000 Shares of Ford Motor (NYSE:F)

Tocqueville Asset Management L.P. reduced its stake in Ford Motor (NYSE:F) by 1.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 231,673 shares of the auto manufacturer’s stock after selling 3,000 shares during the period. Tocqueville Asset Management L.P.’s holdings in Ford Motor were worth $2,294,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Albion Financial Group UT raised 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 buying an additional 1,000 shares during the last quarter. Brighton Jones LLC raised its stake in shares of Ford Motor by 5.4% during the fourth quarter. Brighton Jones LLC now owns 19,693 shares of the auto manufacturer’s stock valued at $195,000 after acquiring an additional 1,001 shares during the last quarter. Angeles Wealth Management LLC raised its stake in shares of Ford Motor by 1.3% during the fourth quarter. Angeles Wealth Management LLC now owns 80,728 shares of the auto manufacturer’s stock valued at $799,000 after acquiring an additional 1,024 shares during the last quarter. Atlas Brown Inc. boosted its holdings in shares of 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 purchasing an additional 1,047 shares during the period. Finally, Cornerstone Wealth Group LLC grew its stake in shares of Ford Motor by 10.6% in the fourth quarter. Cornerstone Wealth Group LLC now owns 11,429 shares of the auto manufacturer’s stock worth $113,000 after purchasing an additional 1,098 shares during the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

F has been the subject of several research analyst reports. Barclays cut Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $13.00 to $11.00 in a report on Wednesday, January 22nd. Bank of America dropped their price target on Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a research note on Thursday, February 6th. Wells Fargo & Company reduced their price objective on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Thursday, February 6th. Evercore ISI dropped their target price on shares of Ford Motor from $11.00 to $10.00 and set an “in-line” rating for the company in a research report on Monday, February 10th. Finally, TD Cowen began coverage on shares of Ford Motor in a research report on Friday, March 7th. They set a “hold” rating and a $10.00 price target on the stock. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $11.68.

Ford Motor Trading Up 0.3 %

Ford Motor stock opened at $9.95 on Wednesday. Ford Motor has a 12 month low of $9.06 and a 12 month high of $14.85. The company has a market capitalization of $39.42 billion, a price-to-earnings ratio of 6.81, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59. The business’s fifty day simple moving average is $9.71 and its two-hundred day simple moving average is $10.31. 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 announced its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, beating the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. As a group, equities analysts predict that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.03%. The ex-dividend date of this dividend was Tuesday, February 18th. Ford Motor’s dividend payout ratio (DPR) is currently 41.10%.

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.