Benin Management CORP Reduces Stock Holdings in Ford Motor (NYSE:F)

Benin Management CORP decreased its position in Ford Motor (NYSE:F) by 3.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 35,100 shares of the auto manufacturer’s stock after selling 1,300 shares during the period. Benin Management CORP’s holdings in Ford Motor were worth $347,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP purchased a new stake in shares of Ford Motor in the 2nd quarter valued at approximately $27,000. Kimelman & Baird LLC acquired a new stake in Ford Motor in the 2nd quarter valued at approximately $30,000. Reston Wealth Management LLC acquired a new position in Ford Motor during the third quarter worth $33,000. Access Investment Management LLC purchased a new position in Ford Motor during the 3rd quarter valued at about $34,000. Finally, Modus Advisors LLC purchased a new stake in Ford Motor during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Down 0.4 %

Shares of NYSE:F opened at $10.12 on Friday. The firm has a 50 day simple moving average of $10.31 and a 200-day simple moving average of $10.86. Ford Motor has a twelve month low of $9.49 and a twelve month high of $14.85. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. The company has a market capitalization of $40.20 billion, a PE ratio of 11.49, a P/E/G ratio of 1.93 and a beta of 1.64.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The firm had revenue of $46.20 billion during the quarter, compared to analysts’ expectations of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. Ford Motor’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.39 earnings per share. On average, equities analysts predict that Ford Motor will post 1.77 EPS for the current fiscal year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 7th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 5.93%. Ford Motor’s dividend payout ratio is presently 68.18%.

Analysts Set New Price Targets

F has been the subject of a number of research reports. Royal Bank of Canada restated a “sector perform” rating and issued a $10.00 price objective on shares of Ford Motor in a report on Tuesday, October 29th. Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft decreased their target price on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a report on Wednesday, October 30th. Barclays downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $13.00 to $11.00 in a report on Wednesday. Finally, The Goldman Sachs Group upgraded Ford Motor from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $12.00 to $13.00 in a research note on Tuesday, October 1st. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $11.82.

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.