Edgar Lomax Co. VA Sells 64,365 Shares of Ford Motor (NYSE:F)

Edgar Lomax Co. VA trimmed its stake in Ford Motor (NYSE:F) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,717,035 shares of the auto manufacturer’s stock after selling 64,365 shares during the period. Ford Motor comprises about 1.7% of Edgar Lomax Co. VA’s investment portfolio, making the stock its 25th biggest position. Edgar Lomax Co. VA owned about 0.07% of Ford Motor worth $26,899,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Ford Motor by 16.6% in the 4th quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer’s stock valued at $3,980,630,000 after buying an additional 57,182,803 shares in the last quarter. Norges Bank bought a new stake in Ford Motor in the fourth quarter valued at about $387,282,000. Charles Schwab Investment Management Inc. raised its position in Ford Motor by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 129,106,379 shares of the auto manufacturer’s stock worth $1,278,153,000 after purchasing an additional 6,497,321 shares in the last quarter. APG Asset Management N.V. bought a new position in Ford Motor during the fourth quarter worth about $20,408,000. Finally, Geode Capital Management LLC boosted its holdings in Ford Motor by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 84,078,284 shares of the auto manufacturer’s stock valued at $830,662,000 after purchasing an additional 2,089,127 shares in the last quarter. Institutional investors own 58.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on F. Wells Fargo & Company dropped their target price on Ford Motor from $9.00 to $8.00 and set an “underweight” rating for the company in a report on Thursday, February 6th. BNP Paribas upgraded Ford Motor to a “hold” rating in a research report on Monday, February 10th. Royal Bank of Canada cut their price objective on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating for the company in a report on Thursday, February 6th. Evercore ISI lowered their target price on shares of Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a report on Monday, February 10th. Finally, StockNews.com downgraded shares of Ford Motor from a “hold” rating to a “sell” rating in a report on Thursday, April 10th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $10.30.

Ford Motor Stock Performance

Shares of NYSE:F opened at $9.63 on Friday. The stock has a market capitalization of $38.16 billion, a P/E ratio of 6.59, a P/E/G ratio of 0.61 and a beta of 1.41. 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 has a 1-year low of $8.44 and a 1-year high of $14.85. The business has a 50-day moving average price of $9.60 and a two-hundred day moving average price of $10.13.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. Equities analysts predict that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a $0.15 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.23%. Ford Motor’s dividend payout ratio (DPR) is presently 41.10%.

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.