Ford Motor (NYSE:F) Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S reduced its stake in Ford Motor (NYSE:F) by 27.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 426,125 shares of the auto manufacturer’s stock after selling 157,795 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Ford Motor were worth $4,219,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in F. Hager Investment Management Services LLC acquired a new stake in Ford Motor during the 4th quarter valued at $26,000. Bank of Jackson Hole Trust purchased a new position in Ford Motor in the 4th quarter valued at about $29,000. Flagship Wealth Advisors LLC acquired a new stake in shares of Ford Motor during the fourth quarter valued at about $30,000. Kentucky Trust Co purchased a new stake in shares of Ford Motor during the fourth quarter worth about $31,000. Finally, Crewe Advisors LLC lifted its stake in shares of Ford Motor by 169.9% in the fourth quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock worth $33,000 after acquiring an additional 2,068 shares in the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Stock Performance

Shares of F opened at $9.63 on Monday. Ford Motor has a 12-month low of $8.44 and a 12-month high of $14.85. The stock has a market capitalization of $38.16 billion, a P/E ratio of 6.59, a P/E/G ratio of 0.61 and a beta of 1.41. The firm’s 50 day moving average is $9.60 and its 200-day moving average is $10.13. 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 released its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, topping 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 anticipate that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.23%. The ex-dividend date of this dividend was Tuesday, February 18th. Ford Motor’s dividend payout ratio (DPR) is currently 41.10%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. BNP Paribas upgraded Ford Motor to a “hold” rating in a report on Monday, February 10th. StockNews.com lowered shares of Ford Motor from a “hold” rating to a “sell” rating in a research note on Thursday, April 10th. Barclays reduced their price objective on shares of Ford Motor from $10.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 15th. Sanford C. Bernstein downgraded shares of Ford Motor from a “market perform” rating to an “underperform” rating and dropped their target price for the stock from $9.40 to $7.00 in a research report on Wednesday, April 9th. 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 research note on Thursday, February 6th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $10.30.

Ford Motor Company 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.