Intech Investment Management LLC Trims Stock Position in Ford Motor (NYSE:F)

Intech Investment Management LLC lowered its position in shares of Ford Motor (NYSE:F) by 59.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 436,767 shares of the auto manufacturer’s stock after selling 650,949 shares during the period. Intech Investment Management LLC’s holdings in Ford Motor were worth $4,324,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Hager Investment Management Services LLC purchased a new position in Ford Motor during the fourth quarter valued at approximately $26,000. Bank of Jackson Hole Trust purchased a new position in Ford Motor during the fourth quarter valued at approximately $29,000. Flagship Wealth Advisors LLC purchased a new position in Ford Motor during the fourth quarter valued at approximately $30,000. Kentucky Trust Co purchased a new position in Ford Motor in the 4th quarter worth approximately $31,000. Finally, Crewe Advisors LLC grew its stake in Ford Motor by 169.9% in the 4th quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock worth $33,000 after buying an additional 2,068 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Trading Up 0.3 %

NYSE:F opened at $9.95 on Wednesday. The company has a fifty day moving average of $9.71 and a 200 day moving average of $10.31. Ford Motor has a 52 week low of $9.06 and a 52 week high of $14.85. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. The firm has a market capitalization of $39.42 billion, a P/E ratio of 6.81, a P/E/G ratio of 0.61 and a beta of 1.59.

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

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 6.03%. The ex-dividend date was Tuesday, February 18th. Ford Motor’s payout ratio is currently 41.10%.

Analysts Set New Price Targets

F has been the subject of a number of research reports. Barclays cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $13.00 to $11.00 in a research note on Wednesday, January 22nd. Wells Fargo & Company cut their price target on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Thursday, February 6th. Royal Bank of Canada cut their price target on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating for the company in a research note on Thursday, February 6th. Evercore ISI cut their price target on shares of Ford Motor from $11.00 to $10.00 and set an “in-line” rating for the company in a research note on Monday, February 10th. Finally, Bank of America cut 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 note on Thursday, February 6th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.68.

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.