Nomura Asset Management Co. Ltd. Trims Stock Position in Ford Motor (NYSE:F)

Nomura Asset Management Co. Ltd. reduced its stake in Ford Motor (NYSE:F) by 88.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,284,186 shares of the auto manufacturer’s stock after selling 9,992,910 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Ford Motor were worth $12,713,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Albion Financial Group UT raised its holdings in Ford Motor by 38.5% during the fourth quarter. Albion Financial Group UT now owns 3,600 shares of the auto manufacturer’s stock worth $36,000 after purchasing an additional 1,000 shares in the last quarter. Brighton Jones LLC raised its stake in shares of Ford Motor by 5.4% during the 4th quarter. Brighton Jones LLC now owns 19,693 shares of the auto manufacturer’s stock worth $195,000 after buying an additional 1,001 shares in the last quarter. Angeles Wealth Management LLC lifted its holdings in shares of Ford Motor by 1.3% in the 4th quarter. Angeles Wealth Management LLC now owns 80,728 shares of the auto manufacturer’s stock valued at $799,000 after buying an additional 1,024 shares during the period. Atlas Brown Inc. boosted its stake in shares of Ford Motor by 1.7% in the fourth quarter. Atlas Brown Inc. now owns 63,323 shares of the auto manufacturer’s stock valued at $627,000 after buying an additional 1,047 shares in the last quarter. Finally, Cornerstone Wealth Group LLC grew its holdings in Ford Motor by 10.6% during the fourth quarter. Cornerstone Wealth Group LLC now owns 11,429 shares of the auto manufacturer’s stock worth $113,000 after acquiring an additional 1,098 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Analysts Set New Price Targets

F has been the subject of a number of recent analyst reports. Wells Fargo & Company reduced 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. JPMorgan Chase & Co. lowered their target price on shares of Ford Motor from $13.00 to $11.00 and set an “overweight” rating on the stock in a research report on Thursday. Bank of America reduced their price target on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a research report on Thursday, February 6th. Royal Bank of Canada lowered their price target on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a report 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 report on Monday, February 10th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, Ford Motor currently has an average rating of “Hold” and a consensus target price of $11.37.

Ford Motor Stock Down 1.8 %

Shares of Ford Motor stock opened at $9.73 on Monday. The company has a fifty day moving average price of $9.75 and a 200 day moving average price of $10.28. 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 twelve month low of $9.06 and a twelve month high of $14.85. The stock has a market cap of $38.54 billion, a price-to-earnings ratio of 6.66, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59.

Ford Motor (NYSE:F) last announced 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 forecast that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently announced 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 of this dividend was Tuesday, February 18th. This represents a $0.60 annualized dividend and a dividend yield of 6.17%. Ford Motor’s dividend payout ratio (DPR) is presently 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.