Kornitzer Capital Management Inc. KS Sells 2,946 Shares of Ford Motor (NYSE:F)

Kornitzer Capital Management Inc. KS trimmed its position in Ford Motor (NYSE:F) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 243,200 shares of the auto manufacturer’s stock after selling 2,946 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Ford Motor were worth $2,408,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of F. Assenagon Asset Management S.A. lifted its holdings in shares of Ford Motor by 14,373.9% in the third quarter. Assenagon Asset Management S.A. now owns 8,885,389 shares of the auto manufacturer’s stock valued at $93,830,000 after purchasing an additional 8,824,000 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in Ford Motor by 112.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 11,976,950 shares of the auto manufacturer’s stock worth $126,477,000 after acquiring an additional 6,348,185 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Ford Motor by 4.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 122,609,058 shares of the auto manufacturer’s stock worth $1,294,752,000 after acquiring an additional 5,270,562 shares in the last quarter. Worldquant Millennium Advisors LLC bought a new stake in Ford Motor during the third quarter worth about $55,456,000. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in Ford Motor by 420.2% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,042,820 shares of the auto manufacturer’s stock worth $63,812,000 after acquiring an additional 4,881,105 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on F. Jefferies Financial Group lowered Ford Motor from a “hold” rating to an “underperform” rating and dropped their target price for the stock from $12.00 to $9.00 in a report on Monday, December 16th. BNP Paribas upgraded Ford Motor to a “hold” rating in a report on Monday, February 10th. Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Barclays lowered Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $13.00 to $11.00 in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company dropped their target price on Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Ford Motor currently has a consensus rating of “Hold” and an average price target of $11.89.

Ford Motor Price Performance

Ford Motor stock opened at $9.35 on Thursday. Ford Motor has a 12 month low of $9.10 and a 12 month high of $14.85. The stock’s 50 day moving average is $9.85 and its 200-day moving average is $10.44. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The company has a market capitalization of $37.04 billion, a price-to-earnings ratio of 6.40, a PEG ratio of 0.61 and a beta of 1.63.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, beating the consensus estimate of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. Equities research analysts expect that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 6.42%. The ex-dividend date is Tuesday, February 18th. Ford Motor’s dividend payout ratio is currently 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.