Asset Dedication LLC Sells 1,002 Shares of Ford Motor (NYSE:F)

Asset Dedication LLC lowered its position in shares of Ford Motor (NYSE:F) by 9.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,331 shares of the auto manufacturer’s stock after selling 1,002 shares during the quarter. Asset Dedication LLC’s holdings in Ford Motor were worth $92,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in F. Quarry LP bought a new position in Ford Motor in the second quarter valued at $27,000. Reston Wealth Management LLC bought a new position in shares of Ford Motor in the 3rd quarter valued at about $33,000. Access Investment Management LLC acquired a new stake in shares of Ford Motor in the third quarter valued at about $34,000. Modus Advisors LLC bought a new stake in Ford Motor during the fourth quarter worth about $34,000. Finally, Truvestments Capital LLC acquired a new position in Ford Motor during the third quarter valued at approximately $37,000. 58.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Jefferies Financial Group lowered Ford Motor from a “hold” rating to an “underperform” rating and lowered their price target for the stock from $12.00 to $9.00 in a research report on Monday, December 16th. Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Sanford C. Bernstein downgraded shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective for the company. in a research report on Thursday, November 7th. Royal Bank of Canada restated a “sector perform” rating and set a $10.00 price objective on shares of Ford Motor in a research note on Tuesday, October 29th. Finally, Barclays downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $13.00 to $11.00 in a research note on Wednesday, January 22nd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Ford Motor presently has a consensus rating of “Hold” and an average price target of $11.82.

Ford Motor Trading Down 0.6 %

Shares of Ford Motor stock opened at $10.15 on Friday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. The stock has a market cap of $40.32 billion, a PE ratio of 11.53, a PEG ratio of 1.93 and a beta of 1.64. Ford Motor has a 52-week low of $9.49 and a 52-week high of $14.85. The firm has a 50-day moving average of $10.24 and a 200-day moving average of $10.76.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The company had revenue of $46.20 billion for the quarter, compared to analysts’ expectations of $45.13 billion. During the same quarter last year, the business earned $0.39 earnings per share. Ford Motor’s revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts forecast that Ford Motor will post 1.77 EPS for the current year.

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.