Ford Motor (NYSE:F) Shares Sold by Summit X LLC

Summit X LLC lowered its position in shares of Ford Motor (NYSE:F) by 57.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,546 shares of the auto manufacturer’s stock after selling 43,275 shares during the period. Summit X LLC’s holdings in Ford Motor were worth $312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in F. CWA Asset Management Group LLC purchased a new position in shares of Ford Motor during the 3rd quarter worth approximately $224,000. Atria Investments Inc boosted its position in shares of Ford Motor by 1.4% during the 3rd quarter. Atria Investments Inc now owns 308,901 shares of the auto manufacturer’s stock worth $3,262,000 after purchasing an additional 4,377 shares during the period. Ashton Thomas Securities LLC purchased a new position in shares of Ford Motor during the 3rd quarter worth approximately $45,000. Nations Financial Group Inc. IA ADV boosted its position in shares of Ford Motor by 283.6% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 94,001 shares of the auto manufacturer’s stock worth $993,000 after purchasing an additional 69,496 shares during the period. Finally, Apollon Wealth Management LLC boosted its position in shares of Ford Motor by 1.1% during the 3rd quarter. Apollon Wealth Management LLC now owns 92,950 shares of the auto manufacturer’s stock worth $982,000 after purchasing an additional 969 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Price Performance

Ford Motor stock opened at $9.60 on Thursday. The stock has a market cap of $38.03 billion, a P/E ratio of 6.57, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59. The company has a fifty day simple moving average of $9.71 and a 200-day simple moving average of $10.35. Ford Motor has a 12-month low of $9.06 and a 12-month high of $14.85. 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 (NYSE:F) last released its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. Equities analysts expect that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.60 annualized dividend and a yield of 6.25%. Ford Motor’s dividend payout ratio is currently 41.10%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on F shares. JPMorgan Chase & Co. lowered their price objective on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. Bank of America lowered their price objective 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 objective on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating for the company in a research report on Thursday, February 6th. Wolfe Research reissued an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Finally, BNP Paribas raised shares of Ford Motor to a “hold” rating in a research report on Monday, February 10th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $11.77.

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.