Strengthening Families & Communities LLC Lowers Stock Holdings in Ford Motor (NYSE:F)

Strengthening Families & Communities LLC cut its holdings in shares of Ford Motor (NYSE:F) by 81.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,932 shares of the auto manufacturer’s stock after selling 12,476 shares during the period. Strengthening Families & Communities LLC’s holdings in Ford Motor were worth $29,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Ford Motor by 270.7% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 25,169 shares of the auto manufacturer’s stock valued at $266,000 after acquiring an additional 18,380 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in Ford Motor by 250.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 31,208 shares of the auto manufacturer’s stock worth $330,000 after purchasing an additional 22,305 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Ford Motor by 315.1% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 11,540 shares of the auto manufacturer’s stock worth $122,000 after purchasing an additional 8,760 shares during the period. Wesbanco Bank Inc. raised its position in Ford Motor by 4.3% in the 3rd quarter. Wesbanco Bank Inc. now owns 85,917 shares of the auto manufacturer’s stock valued at $907,000 after purchasing an additional 3,523 shares in the last quarter. Finally, Zhang Financial LLC boosted its stake in shares of Ford Motor by 1.3% in the 3rd quarter. Zhang Financial LLC now owns 160,448 shares of the auto manufacturer’s stock valued at $1,694,000 after buying an additional 2,015 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Barclays lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $13.00 to $11.00 in a research note on Wednesday, January 22nd. Jefferies Financial Group lowered shares of Ford Motor from a “hold” rating to an “underperform” rating and reduced their price objective for the company from $12.00 to $9.00 in a report on Monday, December 16th. Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Bank of America dropped their target price on Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a report on Thursday, February 6th. Finally, Wells Fargo & Company decreased their price target on Ford Motor from $9.00 to $8.00 and set an “underweight” rating for the company in a report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Ford Motor presently has an average rating of “Hold” and a consensus target price of $11.89.

Ford Motor Trading Down 0.2 %

NYSE:F opened at $9.22 on Wednesday. The company has a market capitalization of $36.65 billion, a PE ratio of 6.32, a P/E/G ratio of 1.80 and a beta of 1.63. Ford Motor has a 52-week low of $9.12 and a 52-week high of $14.85. The stock’s 50 day moving average price is $10.03 and its 200 day moving average price is $10.51. The company has a quick ratio of 0.98, a current ratio of 1.16 and a debt-to-equity ratio of 2.31.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts anticipate that Ford Motor will post 1.7 EPS for the current year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.51%. Ford Motor’s payout ratio is 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.