Ford Motor (NYSE:F) Stake Cut by Kessler Investment Group LLC

Kessler Investment Group LLC cut its holdings in Ford Motor (NYSE:F) by 11.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 12,684 shares of the auto manufacturer’s stock after selling 1,567 shares during the period. Kessler Investment Group LLC’s holdings in Ford Motor were worth $134,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. Dimensional Fund Advisors LP raised its stake in shares of Ford Motor by 27.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock worth $453,732,000 after buying an additional 7,793,944 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Ford Motor by 456.9% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,000,000 shares of the auto manufacturer’s stock worth $50,160,000 after acquiring an additional 3,281,800 shares during the period. AQR Capital Management LLC raised its position in Ford Motor by 103.6% in the second quarter. AQR Capital Management LLC now owns 4,908,726 shares of the auto manufacturer’s stock worth $60,844,000 after acquiring an additional 2,497,695 shares in the last quarter. Natixis lifted its holdings in Ford Motor by 1,930.4% in the 1st quarter. Natixis now owns 2,174,316 shares of the auto manufacturer’s stock valued at $28,875,000 after acquiring an additional 2,067,226 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in shares of Ford Motor by 11.0% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 12,290,204 shares of the auto manufacturer’s stock valued at $163,214,000 after purchasing an additional 1,214,640 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Performance

F stock traded up $0.16 during midday trading on Tuesday, hitting $11.04. The stock had a trading volume of 13,404,658 shares, compared to its average volume of 53,008,742. The firm has a market capitalization of $44.08 billion, a price-to-earnings ratio of 11.21, a P/E/G ratio of 0.77 and a beta of 1.62. The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 2.30. The stock has a 50-day simple moving average of $10.77 and a 200 day simple moving average of $11.74. Ford Motor has a 52 week low of $9.49 and a 52 week high of $14.85.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.21). Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The company had revenue of $47.81 billion for the quarter, compared to the consensus estimate of $47.79 billion. During the same period last year, the company earned $0.72 earnings per share. Ford Motor’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Ford Motor will post 1.88 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Wednesday, August 7th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.43%. The ex-dividend date of this dividend was Wednesday, August 7th. Ford Motor’s dividend payout ratio is 61.86%.

Wall Street Analyst Weigh In

Several analysts recently commented on F shares. Barclays cut their target price on shares of Ford Motor from $16.00 to $14.00 and set an “overweight” rating for the company in a research note on Tuesday, October 15th. Wells Fargo & Company reduced their price target on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Tuesday, September 10th. Wolfe Research assumed coverage on shares of Ford Motor in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. Morgan Stanley lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $16.00 to $12.00 in a research note on Wednesday, September 25th. Finally, Royal Bank of Canada dropped their price target on shares of Ford Motor from $13.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $12.56.

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.