Convergence Investment Partners LLC Trims Position in Ford Motor (NYSE:F)

Convergence Investment Partners LLC cut its holdings in shares of Ford Motor (NYSE:F) by 86.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,713 shares of the auto manufacturer’s stock after selling 81,441 shares during the period. Convergence Investment Partners LLC’s holdings in Ford Motor were worth $126,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in Ford Motor by 4.5% in 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 purchasing an additional 5,270,562 shares during the period. Geode Capital Management LLC grew its stake in Ford Motor by 1.7% in the third quarter. Geode Capital Management LLC now owns 81,989,157 shares of the auto manufacturer’s stock worth $863,009,000 after purchasing an additional 1,336,676 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Ford Motor by 2.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,347,303 shares of the auto manufacturer’s stock worth $257,108,000 after purchasing an additional 636,330 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in Ford Motor by 112.8% in 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 purchasing an additional 6,348,185 shares during the period. Finally, Swiss National Bank grew its stake in Ford Motor by 0.7% in the third quarter. Swiss National Bank now owns 11,639,886 shares of the auto manufacturer’s stock worth $122,917,000 after purchasing an additional 84,600 shares during the period. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Trading Up 0.6 %

Shares of NYSE:F opened at $9.35 on Thursday. The company has a market cap of $37.04 billion, a P/E ratio of 6.40, a PEG ratio of 0.61 and a beta of 1.63. 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 has a 1 year low of $9.10 and a 1 year high of $14.85. The stock’s fifty day moving average price is $9.85 and its 200-day moving average price is $10.44.

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

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 6.42%. The ex-dividend date of this dividend is Tuesday, February 18th. Ford Motor’s dividend payout ratio is 41.10%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on F shares. Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Royal Bank of Canada cut their target price on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. Bank of America cut their target price on Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a research note on Thursday, February 6th. JPMorgan Chase & Co. cut their target price on Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. Finally, Jefferies Financial Group cut Ford Motor from a “hold” rating to an “underperform” rating and cut their target price for the stock from $12.00 to $9.00 in a research note on Monday, December 16th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $11.89.

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.