Adage Capital Partners GP L.L.C. lessened its stake in Ford Motor (NYSE:F - Free Report) by 87.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 314,000 shares of the auto manufacturer's stock after selling 2,266,300 shares during the quarter. Adage Capital Partners GP L.L.C.'s holdings in Ford Motor were worth $3,109,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Hager Investment Management Services LLC bought a new position in shares of Ford Motor during the 4th quarter worth approximately $26,000. Bank of Jackson Hole Trust purchased a new position in Ford Motor in the fourth quarter worth $29,000. Flagship Wealth Advisors LLC bought a new position in Ford Motor in the 4th quarter valued at $30,000. Kentucky Trust Co purchased a new stake in shares of Ford Motor during the 4th quarter valued at $31,000. Finally, Crewe Advisors LLC raised its stake in shares of Ford Motor by 169.9% during the 4th quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer's stock worth $33,000 after purchasing an additional 2,068 shares during the period. Hedge funds and other institutional investors own 58.74% of the company's stock.
Ford Motor Trading Up 1.4 %
Ford Motor stock opened at $10.16 on Wednesday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. Ford Motor has a fifty-two week low of $8.44 and a fifty-two week high of $14.85. The stock has a market cap of $40.27 billion, a P/E ratio of 6.96, a PEG ratio of 0.61 and a beta of 1.41. The firm's fifty day moving average price is $9.67 and its 200-day moving average price is $10.10.
Ford Motor (NYSE:F - Get Free Report) last announced its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. Equities research analysts forecast that Ford Motor will post 1.47 earnings per share for the current fiscal year.
Ford Motor Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 12th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.91%. The ex-dividend date of this dividend is Monday, May 12th. Ford Motor's dividend payout ratio is currently 41.10%.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on F. BNP Paribas upgraded shares of Ford Motor to a "hold" rating in a report on Monday, February 10th. UBS Group lowered their price target on shares of Ford Motor from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. JPMorgan Chase & Co. decreased their target price on Ford Motor from $13.00 to $11.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. StockNews.com cut Ford Motor from a "hold" rating to a "sell" rating in a research report on Thursday, April 10th. Finally, Royal Bank of Canada decreased their price objective on Ford Motor from $10.00 to $9.00 and set a "sector perform" rating for the company in a report on Thursday, February 6th. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $9.77.
Get Our Latest Stock Report on F
About Ford Motor
(
Free Report)
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.
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