International Assets Investment Management LLC Sells 2,450,726 Shares of Ford Motor (NYSE:F)

International Assets Investment Management LLC reduced its position in shares of Ford Motor (NYSE:F) by 91.0% during the fourth quarter, Holdings Channel reports. The firm owned 242,859 shares of the auto manufacturer’s stock after selling 2,450,726 shares during the period. International Assets Investment Management LLC’s holdings in Ford Motor were worth $2,344,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of F. Franklin Resources Inc. increased its stake in shares of Ford Motor by 29.8% in the third quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer’s stock worth $15,998,000 after purchasing an additional 336,720 shares in the last quarter. Principal Financial Group Inc. grew its stake in Ford Motor by 3.8% in the 3rd quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer’s stock valued at $46,408,000 after buying an additional 160,409 shares in the last quarter. Worldquant Millennium Advisors LLC bought a new stake in Ford Motor during the 3rd quarter valued at $55,456,000. ING Groep NV lifted its position in shares of Ford Motor by 93.4% during the third quarter. ING Groep NV now owns 1,181,128 shares of the auto manufacturer’s stock worth $12,473,000 after acquiring an additional 570,293 shares in the last quarter. Finally, OneAscent Financial Services LLC bought a new position in shares of Ford Motor in the third quarter worth $545,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Wells Fargo & Company cut their target price on Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Tuesday, September 10th. The Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $12.00 to $13.00 in a research note on Tuesday, October 1st. Sanford C. Bernstein cut shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target on the stock. in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft dropped their target price 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, Barclays lowered their price target on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Ford Motor presently has an average rating of “Hold” and a consensus target price of $11.83.

Ford Motor Stock Performance

Shares of NYSE:F traded down $0.10 during mid-day trading on Wednesday, reaching $9.66. 12,551,092 shares of the company traded hands, compared to its average volume of 55,473,895. The firm has a market cap of $38.39 billion, a PE ratio of 10.98, a PEG ratio of 1.89 and a beta of 1.62. Ford Motor has a 52 week low of $9.49 and a 52 week high of $14.85. The company’s 50 day moving average price is $10.51 and its 200-day moving average price is $11.06. 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 (NYSE:F) last released its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share 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 firm had revenue of $46.20 billion during the quarter, compared to analyst estimates of $45.13 billion. During the same quarter in the prior year, the company posted $0.39 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities analysts expect that Ford Motor will post 1.81 EPS for the current fiscal year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 7th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, November 7th. This represents a $0.60 annualized dividend and a yield of 6.21%. Ford Motor’s payout ratio is 68.18%.

Ford Motor Company 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.