Intech Investment Management LLC Trims Stock Position in Ford Motor (NYSE:F)

Intech Investment Management LLC reduced its stake in shares of Ford Motor (NYSE:F) by 59.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 436,767 shares of the auto manufacturer’s stock after selling 650,949 shares during the quarter. Intech Investment Management LLC’s holdings in Ford Motor were worth $4,324,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Hager Investment Management Services LLC purchased a new position in Ford Motor during the 4th quarter valued at $26,000. Bank of Jackson Hole Trust purchased a new stake in shares of Ford Motor in the 4th quarter worth about $29,000. Flagship Wealth Advisors LLC purchased a new stake in shares of Ford Motor in the 4th quarter worth about $30,000. Kentucky Trust Co purchased a new stake in shares of Ford Motor in the 4th quarter worth about $31,000. Finally, Crewe Advisors LLC grew its position in shares of Ford Motor by 169.9% in the 4th quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock worth $33,000 after buying an additional 2,068 shares during the period. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Price Performance

F opened at $9.95 on Wednesday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. The stock has a market capitalization of $39.42 billion, a P/E ratio of 6.81, a P/E/G ratio of 0.61 and a beta of 1.59. The company’s 50-day simple moving average is $9.71 and its two-hundred day simple moving average is $10.31. Ford Motor has a 52-week low of $9.06 and a 52-week high of $14.85.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (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, analysts predict that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.03%. The ex-dividend date was Tuesday, February 18th. Ford Motor’s dividend payout ratio (DPR) is presently 41.10%.

Wall Street Analysts Forecast Growth

F has been the topic of a number of recent research reports. Royal Bank of Canada reduced their target price on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 6th. Jefferies Financial Group downgraded shares of Ford Motor from a “hold” rating to an “underperform” rating and reduced their target price for the stock from $12.00 to $9.00 in a research report on Monday, December 16th. JPMorgan Chase & Co. reduced their target price on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Wolfe Research reissued an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Finally, Bank of America cut their price objective on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $11.68.

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.