Somerset Group LLC Cuts Stock Position in Ford Motor (NYSE:F)

Somerset Group LLC cut its position in Ford Motor (NYSE:F) by 27.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 95,859 shares of the auto manufacturer’s stock after selling 35,650 shares during the quarter. Somerset Group LLC’s holdings in Ford Motor were worth $949,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Franklin Resources Inc. grew its stake in Ford Motor by 29.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer’s stock worth $15,998,000 after buying an additional 336,720 shares during the last quarter. NCP Inc. boosted its holdings in Ford Motor by 62.0% in the fourth quarter. NCP Inc. now owns 74,520 shares of the auto manufacturer’s stock worth $738,000 after acquiring an additional 28,528 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Ford Motor by 3.8% during the third quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer’s stock worth $46,408,000 after acquiring an additional 160,409 shares during the last quarter. Worldquant Millennium Advisors LLC acquired a new position in shares of Ford Motor during the third quarter valued at about $55,456,000. Finally, Alberta Investment Management Corp raised its position in shares of Ford Motor by 87.1% in the 4th quarter. Alberta Investment Management Corp now owns 196,100 shares of the auto manufacturer’s stock valued at $1,941,000 after purchasing an additional 91,300 shares during the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on F. Royal Bank of Canada dropped 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. Wells Fargo & Company dropped their price objective on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a report on Thursday, February 6th. JPMorgan Chase & Co. reduced their target price on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. Bank of America dropped their price target on Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Finally, Evercore ISI reduced their price objective on Ford Motor from $11.00 to $10.00 and set an “in-line” rating for the company in a research note on Monday, February 10th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $11.50.

Ford Motor Trading Up 0.3 %

Shares of NYSE:F opened at $10.05 on Friday. The business’s 50 day moving average price is $9.73 and its 200-day moving average price is $10.30. Ford Motor has a 1 year low of $9.06 and a 1 year high of $14.85. The firm has a market capitalization of $39.81 billion, a price-to-earnings ratio of 6.88, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02.

Ford Motor (NYSE:F) last posted its quarterly earnings data 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%. On average, equities research analysts forecast that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.97%. The ex-dividend date was Tuesday, February 18th. Ford Motor’s payout ratio is 41.10%.

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.