Krilogy Financial LLC Cuts Holdings in Ford Motor (NYSE:F)

Krilogy Financial LLC lowered its holdings in Ford Motor (NYSE:F) by 16.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 31,243 shares of the auto manufacturer’s stock after selling 6,355 shares during the quarter. Krilogy Financial LLC’s holdings in Ford Motor were worth $309,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Assenagon Asset Management S.A. boosted its position in shares of Ford Motor by 14,373.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 8,885,389 shares of the auto manufacturer’s stock valued at $93,830,000 after purchasing an additional 8,824,000 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in shares of Ford Motor by 112.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 11,976,950 shares of the auto manufacturer’s stock valued at $126,477,000 after purchasing an additional 6,348,185 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Ford Motor by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 122,609,058 shares of the auto manufacturer’s stock valued at $1,294,752,000 after purchasing an additional 5,270,562 shares during the period. Worldquant Millennium Advisors LLC acquired a new stake in shares of Ford Motor in the 3rd quarter valued at about $55,456,000. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Ford Motor by 420.2% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,042,820 shares of the auto manufacturer’s stock valued at $63,812,000 after purchasing an additional 4,881,105 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Price Performance

Shares of NYSE F opened at $10.17 on Monday. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98. Ford Motor has a 1-year low of $9.49 and a 1-year high of $14.85. The business has a 50-day moving average of $10.38 and a 200-day moving average of $10.92. The company has a market capitalization of $40.43 billion, a price-to-earnings ratio of 11.56, a PEG ratio of 1.86 and a beta of 1.64.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The firm had revenue of $46.20 billion for the quarter, compared to analysts’ expectations of $45.13 billion. During the same quarter in the prior year, the firm posted $0.39 earnings per share. Ford Motor’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities analysts anticipate that Ford Motor will post 1.77 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.90%. The ex-dividend date was Thursday, November 7th. Ford Motor’s payout ratio is 68.18%.

Analysts Set New Price Targets

F has been the subject of a number of research analyst reports. Wolfe Research reissued an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Barclays decreased their target price on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $10.00 price objective on shares of Ford Motor in a research report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft decreased their price objective on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $12.00 to $13.00 in a research report on Tuesday, October 1st. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Ford Motor has an average rating of “Hold” and a consensus price target of $11.83.

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.